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| Steve Carlin of Aegon Capital Management |
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| TOP PICK | Toronto Dominion | TD-T | 71.680 | Sees 14% earnings growth from 2011 versus 2010. Dominant market share in Canada in the personal/commercial business. Growing in the US. Part of the earnings growth comes from his belief that credit losses will continue to improve. As interest rates rise, it helps the margins. | 2010-07-20 | ||
| TOP PICK | Calloway REIT | CWT.UN-T | 21.800 | Not a lot of upside from a capital appreciation perspective but it has a 7%+ yield. Pay out 93% of their funds from operations and this is sustainable. | 2010-07-20 | ||
| TOP PICK | Magna Int'l. (A) | MG.A-T | 75.920 | Haven't owned this for many years. Contents per vehicle is higher. Rock solid balance sheet. The proposed transaction to buy out Frank Stronach’s multiple voting shares gives him confidence. If this gets done this company will get re-rated. | 2010-07-20 | ||
| PAST TOP PICK | Royal Bank | RY-T | 53.540 | (A Top Pick May 12/09. Up 28.46%.) | 2010-07-20 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 57.730 | (A Top Pick May 12/09. Down 31.33%.) Reduced his weighting in this in his portfolios. Has an $80+ target price but this is under review. | 2010-07-20 | ||
| PAST TOP PICK | Canadian National R.R. | CNR-T | 62.980 | (A Top Pick May 12/09. Up 36.49%.) | 2010-07-20 | ||
| BUY | Bankers Petroleum | BNK-T | 7.270 | Has pulled back in the last 3-4 months like most energy stocks. Still has a lot of potential upside. The more they continue to drill, the more they increase their reserves. As they continue more horizontal drilling, he expects they will improve their recovery rates. | 2010-07-20 | ||
| BUY | Enbridge | ENB-T | 51.940 | Very attractive dividend yield. Has had a good run but still has reasonable value. Excellent management. | 2010-07-20 | ||
| BUY | Trans Canada Corp | TRP-T | 36.310 | A bit of a controversy regarding the US pipeline and if they are going to get approval but he thinks it will happen so this is an opportunity. Really juicy dividend yield. | 2010-07-20 | ||
| BUY | BCE Inc. | BCE-T | 31.500 | Strong dividend yield. Very defensive in this kind of a market. Moved up a little higher than he thought it would have been the last 6 months. Good dividend yield. | 2010-07-20 | ||
| Comment | Daylight Resources Trust | DAY-T | 9.050 | Likes their growth prospects but in a $70 oil price environment balance sheet at the end of 2011 will look a little stretched. In an $80 price environment (which he subscribes to), debt to cash flow in 2011 is more comfortable. | 2010-07-20 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 26.600 | Hitting a 52-week low because everyone is worried about Q2 numbers coming up. Interest rates and the stock market don't help earnings prospects. At the end of the 1st quarter capital levels were acceptable but he is not 100% sure what earnings are going to look like given interest rates. This is in better shape than Manulife (MFC-T) right now. | 2010-07-20 | ||
| BUY | Yellow Pages Income Fund | YLO.UN-T | 5.910 | Very unique business model. Very narrow range where you Buy and Sell. Anything below $6 is a Buy. Really juicy yield and he doesn't think they will cut their distribution. The big concern is what the business will look like in a couple of years. | 2010-07-20 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 38.510 | Expecting earnings power of only $3 in 2011, which is lower than in 2010. Most retailers would have a 13X multiple that would make a $39 target. Reduced his position significantly. | 2010-04-12 | ||
| DON'T BUY | Transalta Corp | TA-T | 22.050 | Acquisition of Canadian Hydro Developers was a good tactical move and will give them some good tax planning. Trouble with a lot of utilities as that they are close to their target prices so he is very underweight utilities. | 2010-04-12 | ||
| SELL | Iamgold Corp | IMG-T | 15.390 | Prefers other gold companies. Stock is suggesting a gold price of just over $1000 an ounce and he thinks gold will trade between $1000 and $1200. | 2010-04-12 | ||
| DON'T BUY | Jean Coutu Group (PJC) (A) | PJC.A-T | 9.300 | Ontario government has put a cloud over this whole sector. A sleeper in their company was a generic drug company so as a result of Ontario changes, there could be some difficulties in this as well. | 2010-04-12 | ||
| DON'T BUY | Manulife Financial | MFC-T | 20.000 | Likelihood of increasing dividends in the next year would be a surprise to him. Still not sure how regulators are going to deal with Life Insurance companies capital. His calculations show that this one has the highest upside potential in the financials but doesn't know how long it will take to get there. | 2010-04-12 | ||
| PAST TOP PICK | Canadian Natural Rsrcs | CNQ-T | 78.690 | (A Top Pick May 12/09. Up 32.85%.) Still likes. One of his largest oil weightings. Good growth prospects. | 2010-04-12 | ||
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| TOP PICK | Talisman Energy | TLM-T | 17.440 | Recently announced they will be selling off $1.9 billion of assets. This will rebuild their balance sheet. Has good upside potential. | 2010-04-12 | ||
| TOP PICK | PetroBakken Energy | PBN-T | 27.420 | Has some core growth in the Bakken area of Saskatchewan. Have also built a land base in the Cardium region. Growth by acquisition so there has to be a bit of a digestion period. | 2010-04-12 | ||
| TOP PICK | Bombardier Inc (B) | BBD.B-T | 5.500 | Pulled back after the aerospace business disappointed making it an opportunity. Transportation side still delivers very good margin improvement. Extremely good backlog. Could get as high as $6.50. | 2010-04-12 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 114.460 | Down about 10% in the last 10 days because of profit taking. Fertilizer companies tend to not do so well in spring planting period. Fundamentally, things are starting to turn around for them. Think potash prices have stabilized and we now need to see a recovery of volumes. | 2010-04-12 | ||
| BUY | Bank of Nova Scotia | BNS-T | 50.690 | There are a number of compelling factors to own banks right now. Good dividend yields and you have a better option of getting better earnings/growth over the next few years. | 2010-04-12 | ||
| DON'T BUY | Magna Int'l. (A) | MG.A-T | 63.610 | Decided not to invest in this after looking at the earnings growth and valuations perspectives. He would reconsider at a lower price. | 2010-04-12 | ||
| DON'T BUY | Yamana Gold Inc. | YRI-T | 10.480 | Prefers other gold names. Have always failed to deliver on their promises. | 2010-04-12 | ||
| PAST TOP PICK | Royal Bank | RY-T | 59.570 | (A Top Pick May 12/09. Up 40.87%.) His favourite. Number of compelling reasons to own banks right now. Good dividend yields and you have a better option of getting better earnings/growth over the next few years. | 2010-04-12 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 70.750 | (A Top Pick May 12/09. Down 15.77%.) Still likes. | 2010-04-12 | ||
| TOP PICK | Canadian National R.R. | CNR-T | 56.940 | (A Top Pick Jan 23/09. Up 36.8%.) Like the exposure to the improvement of the economy. Starting to see carload improvements, which can give them some great earnings going forward. Continues to like the fundamentals for the rail industry. Top-notch management. | 2009-12-16 | ||
| TOP PICK | PetroBakken Energy | PBN-T | 31.510 | Bakken area, very prolific oil zone in Saskatchewan. Looking out to 2010-2011 they have a very solid land position, which will have above average volume growth. Low cost producer. 3.1% yield. Very undervalued from what it will be in 12 months. | 2009-12-16 | ||
| TOP PICK | Toronto Dominion | TD-T | 64.910 | Banks have done really well this year but this one has been held back a little bit by its US real estate exposure. Canadian operations are top-notch. | 2009-12-16 | ||
| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 21.360 | (A Top Pick Jan 23/09. Up 5.4%.) A disappointment as he thought the stock would do better but thinks it has been delayed. Cable operations continue to deliver as expected. | 2009-12-16 | ||
| PAST TOP PICK | Enbridge | ENB-T | 48.620 | (A Top Pick Jan 23/09. Up 23.6%.) Still has lots of upside. The crème de la crème in the pipeline area. Incredibly attractive dividend yield. Have developed a plan that will give them at least 10% earnings growth over the next number of years. | 2009-12-16 | ||
| STRONG BUY | Research In Motion | RIM-T | 68.390 | Convinced the company is on the right path. The key question right now are gross margins. World is concerned that gross margins are going to get decimated because they are going down market (trying to penetrate a deeper market), which he doesn't agree with. As long as they can hold gross margins at 43%-44% study, this is a screaming buy. Will show 25% earnings growth on a year-over-year basis. | 2009-12-16 | ||
| Comment | Teck Resources Ltd. (B) | TCK.B-T | 39.480 | Closing in on his target price of $42. Not a ton of upside but he is a strong believer in the company and its model. Spot coal prices around $180 per ton and analysts are not using this in their models. | 2009-12-16 | ||
| Comment | Cogeco Cable | CCA-T | 34.820 | He owns this one primarily for the strong Canadian cable operations. Not too happy with the Portuguese operations which have lost money. Very attractive target for other cable companies. | 2009-12-16 | ||
| HOLD | Bankers Petroleum | BNK-T | 5.860 | Has done very well but still sees upside. There are some further drilling results coming that will be a strong performer for the company. | 2009-12-16 | ||
| BUY | Suncor Energy Inc | SU-T | 37.900 | Has a lot of work ahead of it integrating the Petrocan assets but he thinks management is top-notch and will execute. Terrific long-term assets. Layering on additional growth from their oil sands projects. | 2009-12-16 | ||
| BUY | Agrium | AGU-T | 66.110 | Their nitrogen and some of their potash is in good shape and from an earnings growth perspective you have to look at 2011 where he expects to see a very nice improvement in demand outlook for fertilizers. | 2009-12-16 | ||
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| DON'T BUY | Potash Corp of Saskatchewan | POT-T | 125.520 | Gone through his target price so he is now considering what to do with his holdings. Still a lot of potash inventory overhanging North American market. CEO is talking about potash pricing around $400 and he sees a bit of risk on the earnings for 2010. Things should get better in 2010-2011. Would prefer to buy in the $100 range. | 2009-12-16 | ||
| DON'T BUY | Progress Energy Resources | PRQ-T | 13.770 | Natural gas. Great management team. Have a solid land position in the hotspot of northeast BC. Doesn't see natural gas prices turning around any time soon. | 2009-12-16 | ||
| SELL | Husky Energy | HSE-T | 29.400 | Integrated oil in this sector has been under pressure because of poor refining margins. Doesn't say a whole lot of improvements in the refining sector in the next 6-12 months. Sold his holdings. | 2009-12-16 | ||
| BUY | Crescent Point Energy Corp | CPG-T | 39.160 | Great company with good solid growth production prospects. Undervalued. | 2009-12-16 | ||
| DON'T BUY | First Quantum Minerals | FM-T | 81.230 | One of the best investments for exposure to copper but have now acquired Raventhorpe nickel property from BHP Billiton (BHP-N). This has watered down their exposure to copper somewhat but has also helped to alleviate concerns on one of their Congo mines. Very close to his target price. | 2009-12-16 | ||
| DON'T BUY | Cenovus Energy | CVE-T | 26.990 | Integrated and people are getting confused with its upside potential and as a result it is not moving. Has some growth going forward but not until 2011-2012. | 2009-12-16 | ||
| Comment | Encana Corp | ECA-T | 32.580 | Have great quality, long life natural gas assets. This will allow them to continue to garner a premium multiple. | 2009-12-16 | ||
| BUY | Enbridge | ENB-T | 48.620 | See some very good upside in this company and it has a very attractive dividend yield. | 2009-12-16 | ||
| DON'T BUY | FNX Mining Company | FNX-T(Dead) | 11.410 | Strike at Vale-Inco is having an impact on the company because they are having issues with production levels. He is not putting emphasis on nickel producing stocks right now. | 2009-12-16 | ||
| HOLD | Royal Bank | RY-T | 55.260 | (Market Call Minute.) Still sees plenty of upside. | 2009-12-16 | ||
| BUY on WEAKNESS | Bombardier Inc (B) | BBD.B-T | 4.770 | (Market Call Minute.) If it got down to the low $4's he would consider it. Aerospace business is going through a little bit of challenge but the transportation business is driving the earnings growth. | 2009-12-16 | ||
| DON'T BUY | Nexen Inc | NXY-T | 24.400 | (Market Call Minute.) Not too fond of this one. Until they start delivering on performance in their Long Lake project he won't look at it. | 2009-12-16 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Had been predicting M&A in the oil patch. The price for the Harvest deal was the biggest surprise. He is pleased. Other targets are assets of ECA, TLM. Gas prices have been relatively low. He is over weight financials, more so banks than insurance and SNC, BBD, CNR in the industrials. A little overweight in the energy side but a lot of stocks are pushing on the targets for the oils side. They are underweight materials. | 2009-10-22 | ||
| TOP PICK | Rogers Communcations (B) | RCI.B-T | 29.220 | Has been almost dead money for almost 18 months. Profitability challenges when the iPhone came out. Now they are over that big hump, and they continue to grow their business. Rogers has always had a leadership roll. They have a substantial head against their competitors. They see substantial growth potential. They think Q3 numbers will be pretty good. | 2009-10-22 | ||
| TOP PICK | Westjet Airlines | WJA-T | 11.600 | You will have to be patient. They are the best operator in Canada. Equity deal significantly improved their balance sheet and they will continue to steal market share from their biggest competitor. | 2009-10-22 | ||
| TOP PICK | Manulife Financial | MFC-T | 22.390 | Been front-page news for a long time. Cut in dividend. They are getting their books in order but once we get out of this, they are trading significantly cheaper than competitors. There is good upside. | 2009-10-22 | ||
| DON'T BUY | BCE Inc. | BCE-T | 25.550 | Don’t see a lot of upside potential, but you do get a 6+% dividend. They think management will do a great job of taking some costs out of the equation. Would not hold in growth funds. | 2009-10-22 | ||
| DON'T BUY | Cogeco Cable | CCA-T | 31.100 | Canadian operations are excellent, but the problem is the Portugal investment. They don’t make money there. This under performing asset is hurting the stock. Little bit of upside potential. | 2009-10-22 | ||
| DON'T BUY | First Quantum Minerals | FM-T | 75.570 | They have issues with the mine permit in the Congo. They think this is a good risk. The company has been able to resolve permits a couple of times in the last two years. It has gone through their target price so they would not be buying it. | 2009-10-22 | ||
| BUY | Power Corp | POW-T | 27.830 | Likes the whole integrated company. Trades at steeper discount to its net asset value. There is some good upside potential right now. | 2009-10-22 | ||
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| BUY | Research In Motion | RIM-T | 70.830 | Likes Rim. Have been adding it after the quarter. Still target over $100. | 2009-10-22 | ||
| BUY | Toronto Dominion | TD-T | 65.640 | Second largest holding in their growth funds. RY is largest. Think quarter coming up will be good. 10% upside in growth. They are executing well. The US acquisition will take some time to pay off, but they got a good asset. It is a good way for them to grow in the US. | 2009-10-22 | ||
| BUY | Bank of Nova Scotia | BNS-T | 46.870 | They are believes in strong recovery. It represents good value. Risk is their international exposure, but the know what they are doing and understand the risks. It represents an opportunity. | 2009-10-22 | ||
| BUY | SNC-Lavalin Group Inc. | SNC-T | 45.960 | Second largest weight in the industrial products sector. Pulled back recently and they see this as an opportunity. Long backlog of projects and a great earnings profile. | 2009-10-22 | ||
| Comment | Encana Corp | ECA-T | 63.390 | Spinning of the integrated assets and keeping the pure play natural gas. Very intrigued by this. If you own, when they split off you should keep both companies. Good long-term hold. | 2009-09-16 | ||
| Comment | Suncor Energy Inc | SU-T | 39.440 | Have a long road of growth going for them. Really a call on the price of oil and execution. Expect some digestion pains in the next year or so but longer term he has a lot of confidence in the management team. | 2009-09-16 | ||
| PARTIAL SELL | Progress Energy Resources | PRQ-T | 12.010 | Huge supporter of this management team. Very natural gas exposed and is really bumping up towards the short-term full value. If you are a bit of a trader, consider taking some profits right now. | 2009-09-16 | ||
| STRONG BUY | TriStar Oil & Gas | TOG-T | 14.910 | Really likes this stock. Merging to create a new entity called Petrobakken. Over the next few years, he thinks they can really surface some value in the combined entity. | 2009-09-16 | ||
| DON'T BUY | Husky Energy | HSE-T | 30.320 | Did a long analysis on the whole integrated side of oil/gas in Canada and this ended up not being his favourite. Doesn't have as much upside potential as others. | 2009-09-16 | ||
| BUY | Imperial Oil | IMO-T | 42.430 | Has some good upside potential. It's about the execution of their long life assets. Good growth profile over the next few years. Great internal rates of return. | 2009-09-16 | ||
| BUY | FNX Mining Company | FNX-T(Dead) | 9.400 | Nickel prices have rebounded nicely. One of the few mining companies where he still sees a reasonable amount of upside. Thinks the strike in Sudbury will be settled by the end of the year. Have some very high-grade deposits they will be bringing on. | 2009-09-16 | ||
| SELL | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 15.950 | Natural Gas Bull+ ETF. Just went through a reverse split in order to make it each year to buy for any investors. If you own, he would consider taking some profits. This is not an investment vehicle it is a trading vehicle. You get in and you get out. A Bull+ gives you twice the exposure to the price of natural gas up or down. | 2009-09-16 | ||
| SELL | Viterra Inc | VT-T | 9.930 | Likes their Australian acquisition. The only issue now is that the earnings profile looks a little flat in the next year. Numbers just reported were not very strong. Dead money. | 2009-09-16 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 9.110 | Probably one of the best mid-cap growth gold stories out there. Has been participating in the increase in gold prices. Goldcorp (G-T) has taken an almost 20% stake in the company. Great project and should be up and running in the next 12 months. Long-term hold. | 2009-09-16 | ||
| SELL | Celestica Inc | CLS-T | 10.800 | Has been executing well and the earnings are coming through. Thinks they are ramping up revenues as they are assisting Research in Motion (RIM-T) roll out some of their new products. Fully valued. | 2009-09-16 | ||
| TOP PICK | Manulife Financial | MFC-T | 21.650 | Investors were not happy with the 50% cut in dividends. An out of favour stock. New management has refocused efforts. Undervalued now. Best upside of all financials. $26 short-term but looking out 18-24 months he could see $31. | 2009-09-16 | ||
| TOP PICK | Canadian National R.R. | CNR-T | 54.410 | Gives exposure to an improving economy. One of the best run companies in North America. Good earnings growth. Starting to seem some improvements in car load volumes. | 2009-09-16 | ||
| TOP PICK | Research In Motion | RIM-T | 89.350 | Market dominance. Continuing to capture more market share. New products coming out will continue to grow this company. Forecasting in excess of 25% earnings growth this coming year. | 2009-09-16 | ||
| PAST TOP PICK | SNC-Lavalin Group Inc. | SNC-T | 49.650 | (A Top Pick Nov 27/08. Up 48%.) Still sees upside potential. Great long-term story. 6 to 9 month target is $52 but with the backlog and projects they're bidding on now still lots of room to grow. | 2009-09-16 | ||
| PAST TOP PICK | Enbridge | ENB-T | 40.630 | (A Top Pick Nov 27/08. Up 14.3%.) 4% dividend. A core holding within the utility sector even with the modest upside potential. A Hold. | 2009-09-16 | ||
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| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 19.320 | (A Top Pick Nov 27/08. Down 5%.) They don't want to commit the capital to wireless the way the competitive environment is. He owns for the cable, not wireless. 4.3% dividend. | 2009-09-16 | ||
| BUY | Trans Canada Corp | TRP-T | 32.270 | Putting some of his income oriented accounts into this. | 2009-09-16 | ||
| Comment | Shoppers Drug Mart Corp | SC-T | 43.410 | In an interesting dilemma. Stock hasn't performed lately because of possible changes to prescription drugs/regulations in Ontario. Some think this will affect them by $.40 a share in earnings. He sees $.20. This makes it a no-growth company rather than a low-growth company. 2% dividend. | 2009-09-16 | ||
| BUY | Loblaw Companies Ltd | L-T | 32.650 | Adding to his accounts in the $30-$32 range. Could get to $40 in the next few years. Attractive valuation. | 2009-09-16 | ||
| SELL | Yamana Gold Inc. | YRI-T | 12.140 | South American oriented. Bloom is off the rose. He prefers others. They have done a number of acquisitions and have gradually changed course. You don't really know what the next step is going to be. | 2009-09-16 | ||
| BUY on WEAKNESS | Agnico-Eagle Mines | AEM-T | 76.010 | Would try to get in at $68. | 2009-09-16 | ||
| Comment | Teck Resources Ltd. (B) | TCK.B-T | 30.000 | For a metallurgical coal. Not a ton of upside, which is indicative of a bottle of stocks in the metal and mining area. Think they will ultimately sell their holdings in the Fort Hills project as it will be controlled by Suncor (SU-T). | 2009-09-16 | ||
| WAIT | Tim Hortons | THI-T | 31.830 | Executing well. There will be some index rebalancing in the next couple of weeks, which will create some selling pressure as it moves out of one index and into another one. Wait until October and try to get it in the high $20's. | 2009-09-16 | ||
| BUY on WEAKNESS | Talisman Energy | TLM-T | 19.420 | In the very, very short run he could see this pulling back to the $18 range. | 2009-09-16 | ||
| BUY on WEAKNESS | Bombardier Inc (B) | BBD.B-T | 4.830 | A good pick on the long-term recovery of the aerospace business and you also have the steady-Eddie of the transportation business on the back of it. Since they reported their earnings are couple of weeks ago the stock has been on an absolute tear. We preferred in the low $4 range. | 2009-09-16 | ||
| SELL | Potash Corp of Saskatchewan | POT-T | 100.390 | The bloom is off the rose on this one. He has a lot of difficulty with the earnings growth. The best he can come up with is $105Cdn. Prospects for 2010 and 2011 will get better but currently analysts are still too excited about the name. Earnings estimates have to come down considerably. If you own consider tax loss selling. | 2009-09-16 | ||
| TOP PICK | Research In Motion | RIM-T | 84.100 | Always falls victim about a week before they announce earnings because of whisper numbers. At the end of the day, they met their earnings expectations and going into their fiscal 2nd quarter the numbers are still very good. They continue to garner more market share. Will probably grow their earnings in excess of 20% this year. Very attractive valuation. | 2009-06-19 | ||
| TOP PICK | Canadian Natural Rsrcs | CNQ-T | 58.900 | Likes its exposure to the price of oil. The Horizon project is going and as it ramps up production this company has better volume growth than its peer group over the next year. Cheaper on a valuation perspective. | 2009-06-19 | ||
| TOP PICK | Royal Bank | RY-T | 46.000 | Dividend yield of 4% plus. A year from now, the economy is going to be better and we won't be talking about housing prices and loan losses. Earnings are going to start growing. This bank’s wholesale business doesn't get enough credit. Very good upside in the next couple of years. | 2009-06-19 | ||
| PAST TOP PICK | Oilexco Inc | OIL-X | 0.145 | (A Top Pick June 3/08. Down 99.59%. Has moved to a different investment firm.) Had a stop loss of $11 so would have been down 31%. Company is now bankrupt. | 2009-06-19 | ||
| PAST TOP PICK | Trican Well Service Ltd. | TCW-T | 10.890 | (A Top Pick June 3/08. Down 52.86%. Has moved to a different investment firm.) Sold his holdings at $18 so would have been down 22.4%. | 2009-06-19 | ||
| PAST TOP PICK | Potash Corp of Saskatchewan | POT-T | 105.900 | (A Top Pick June 3/08. Down 49.36%. Has moved to a different investment firm.) He could see this dropping into the $90's and if that happened he would be buying it. Longer term, supply/demand fundamentals are very good. | 2009-06-19 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: Has seasonality. Moves down in the summer and picks up in the fall. This is a pretty wide view and there are a lot of diverging influences that affect it. ETF levels are extremely high right now. Thinks $850 is its bottom. | 2009-06-19 | ||
| PARTIAL BUY | iUnits S&P/TSX 60 E.T.F. | XIU-T | 15.680 | iUnits S&P TSE 60 ETF. The risk you bear with this is basically market risk. Expects the market will have a bit of a pullback so he would suggest 1/3 now, 1/3 in the fall and the last 1/3 late in the year. | 2009-06-19 | ||
| HOLD | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: The banks have done very well. He looks on them as a leading indicator of the economy. Earnings are still a bit challenged because there are a lot of loan losses built into analysts’ estimates for this year and next. Dividend yields are very attractive right now. 15% ROE is forecast for this year. (See Top Picks.) | 2009-06-19 | ||
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| BUY | Rogers Communcations (B) | RCI.B-T | 29.580 | Have like this for a long time. Nothing wrong with the fundamentals but investors seem to be very concerned about the overhang on the cellular market. Continues to deliver very significant free cash flows and continue to take market share away from competition. | 2009-06-19 |
