ARC | Accountability Research Corp

​Independent equity research focused on the North American market that leverages ARC’s unparalleled expertise in applying proprietary forensic accounting knowledge to investment analysis. 

The ARC process is focused on avoiding financial reporting and accounting risks while identifying companies with superior adjusted cash flow metrics.

Investment Update | Review + Outlook

​We are awaiting further evidence that Enbridge`s promised Spectra synergies will materialize, along with more conversions of the company’s project backlog into the secured growth program and the outcomes of a few key regulatory proceedings. 

Investment Update | Review + Outlook

​We maintain our rating on Apple, based on its strong product innovation cycle, healthy financial position, and robust free cash flow generation. 

Wheaton Precious Metals

​Emera is well positioned to benefit from the transition to renewables happening across North America through its business units in Atlantic Canada, and the U.S. Northeast, as well as Florida and New Mexico.

Investment Update | Review + Outlook

​We maintain our rating on Wheaton Precious Metals, given its portfolio of diversified, high-quality, low-cost and long-life assets, exploration potential and production upside. In our view, the company remains well positioned to execute more streaming deals. However, the ongoing CRA dispute remains a source of uncertainty for the company.

Investment Update | Review + Outlook

​We maintain our rating on Magna based on expectations for impressive sales and solid margin improvements through 2018. The company should post sales growth at twice the industry average over the next 2-3 years due to its leverage in several key areas including electrification/hybridization, driving autonomy, and safety.

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