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Stock Opinions by Richard Stone

DON'T BUY
Restructured and has had a nice rally. A high beta stock that will move with the market. Have some underlying fundamental issues that will create excitement. The valuation/earnings model does not justify the prices.
Telecommunications
BUY
Has weathered national problems very well. As dealt with its inventory issues. Solid management. The dominant box store player for sporting goods in Canada. Should have increasing same-store sales.
specialty stores
DON'T BUY
Doesn't understand the story. Valuation, in relation to its earnings and growth rate are way ahead of itself.
Telecommunications
BUY
An event driven story and needs to find a partner. If it unfolds as it should, there should be a good upside play.
INDUSTRIAL PRODUCTS
BUY
The John Hancock acquisition is a good platform for the US. Will take two years to consolidate so may not move very much. Should be a great core holding.
insurance
DON'T BUY
Doesn't like the corporate governance structure nor the multi-share structure. Into a lot of legal fights. Airline industry still has a lot of problems ahead of it.
transportation equip & components
TOP PICK
(Top pick Sept 10/03. Down 8.8%.) The consolidation built a really big powerhouse. Has a great gas play.
oil / gas
TOP PICK
(Top pick Sept 10/03. Up 0.8%.) Earnings are stable. Expects a P/E expansion.
publishing / printing
TOP PICK
(Top pick Sept 10/03. Down 3.3%.) The most cost effective way to get to Loblaws. Expects the margin squeeze on the US bakery will stop.
food processing
BUY
Outstanding management. Tons of cash. Chemical business is firing on all engines. A fairly attractive price and expects oil will hold a pretty high price.
integrated oils
BUY on WEAKNESS
Latest acquisition puts them in the very strong position. Continuing to see earnings expansions. Would like to buy at $20/22.
misc industrial products
WATCH
Have a ton of cash. The big overhang is that they are such major shareholders of Celestica. If you're not a fan of Celestica, you shouldn’t own this stock. Keep an eye on Celestica.
mngmnt / diversified
DON'T BUY
In an interesting situation. Need to really define their market share and decide what they want to do. Have to be comfortable with owning a regional bank in the Canadian market.
banks
BUY on WEAKNESS
A premier pipeline. The question is, how much money are they going to have to spend to build out their pipeline in the Northwest Territories and are they going to be the dominant player. Dividend is safe. Pretty fully valued. Buy on corrections.
oil / gas pipelines
DON'T BUY
A pretty full stock price. Firing its engines really well. Same-store sales will be really strong. Would like it at a lower price.
specialty stores
Showing 1 to 15 of 462 entries