Stockchase Opinions

David Driscoll Macquarie Group MQG-AU BUY Nov 09, 2006

Acquired Halterm Income Fund (HAL.UN-T), which fits into their strategy of owning infrastructure.
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TOP PICK
A re-pick. Thinks this is a fantastic entry point. The stock is a bit expensive for a bank but it's growing it's income earnings and dividend earnings by 50% year over year.
TOP PICK
(Australian exchange.) Down 35% from its high. 8.5% dividend. An investment bank, but will have no difficulty with funding. Involved in financing infrastructure.
WEAK BUY
Good job done with packaging infrastructure plays around the world. Makes nice fee from funds. Very aggressive bank. Best bank at doing infrastructure deals. You’ll do well if you can absorb volatility over next few years.
WEAK BUY
Been sold off a lot, you want to own long term.
PAST TOP PICK
(Past Top Pick Feb 15/07. Down 3.6%.) Has been coming back. It is like a Goldman Sachs (GS-N) Jr. where they are doing infrastructure deals globally but on a much smaller scale. Still buying. Good dividend yield at almost 6%. Good long-term opportunity.
BUY
(Australian exchange.) They have been great in making acquisitions. Investment banking, hydro projects, infrastructure, et cetera. A good bank to own. Buy for the long-term.
TRADE
Aggressive bank in Asia/Australia. Have a hedge fund mentality. In their favour they have a lot of infrastructure funds, which he really likes. Doesn't own because he finds it too aggressive.
PAST TOP PICK
(A Top Pick Aug 16/07. Down 5%.) One of the largest investment banks in Asia. When deal making slows down, earnings slow down. Just increased its dividend. No financing issues in play. Continue to Hold.
PAST TOP PICK
(A Top Pick Aug 17’08. Down 9%) MacQuarie Bank - Closer to China than Canada. Chance for dollar cost averaging. Dividend around 9%. Sales and profits will be flat this year. No exposure to sub-prime. Business is probably going to slow because there are fewer deals being done.
PAST TOP PICK
(Top Pick Jun 07/07 Down 59%) Problem is growth from spinning out assets from their own balance sheets.