Robert Floyd Agnico-Eagle Mines AEM-T BUY Jan 15, 2009

Bought it yesterday heading into earnings. They disappointed a bit because of rising expenses, but you can definitely buy in dips. Is still up 20% this year. They will continue to pay off debt as they buy back shares like crazy. Pays a nice dividend.

Likes gold, and this is a good way to play. Excellent management, prudent and disciplined use of capital. Good assets. 12 varied mines in low-political-risk jurisdictions. Low cost. Increases to dividend were paused, but should resume. Close to debt-free. Sleep at night.

Ranks #1 in the head-to-head battles. Doing the best out of all the Canadian stocks right now. Trending up, and gold has broken through $3000. Continues to outperform, hasn't seen a 3-box reversal at all. Yield is 1.54%.

His favourite gold senior. His guess is that in the next month or so, Trump's going to roll back a lot of stuff and the economy will be better. So areas like gold are going to sell off.

Likes that about 90% of mines are in Canada, with rest being in geopolitical-positive environments. Strong management team are good allocators of capital. Stock's done so well, hard to find entry for new clients; a function of the price of gold and flight to safety. 

Best in class, the best gold producer, and he's bullish gold, which has taken over from cryptos.

It's great that it's run up and is a significant portion of a portfolio. It's provided great diversification. Absolutely don't buy more, do not chase. If you own it, let it run.

We believe quite strongly in the gold sector right now, and AEM still looks good. We would be comfortable buying some at current levels. 
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