Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Ron Meisels and David Baskin commented about whether CMT.TO, TLM.TO, SBUX, NTEL.TO, IMN.TO, SCC.TO, OTEX.TO, SIC.TO, PCA.TO, ECA.TO, MBT.TO, NCX.TO, WFG.TO, BBD.PR.D.TO, BBD.B.TO, MX.TO, FTT.TO, AUR.TO, BWR.TO, SW.TO, S.TO, PFE, EZM.TO, PDG.TO, CAE.TO, RON.TO, ESI.TO, MRU.TO, FHR.TO, TRI.TO, CCO.TO, LIF.TO, SU.TO, C, GAC.TO, LB.TO, NA.TO, BNS.TO, TD.TO, RY.TO, CM.TO, BMO.TO, GWO.TO, GNA.TO, DFS.TO, NVLN.TO are stocks to buy or sell.
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TOP PICK
All 3 Top Picks are in a major uptrend and all have significantly higher targets and nobody follows them. This is a copper stock and has a beautiful chart. Had a wonderful move in in 2001, a correction and then another move in 2003 followed by another correction and believes there is a 3rd leg coming. Action on copper prices today supports his feelings. Above its 200 day moving average.
Ron MeiselsOwned
metal mines
TOP PICK
All 3 Top Picks are in a major uptrend and all have significantly higher targets and nobody follows them. Sitting right on the 200 day moving average. A major breakout is about due on this stock.
Ron MeiselsOwned
wholesale distributors
TOP PICK
All 3 Top Picks are in a major uptrend and all have significantly higher targets and nobody follows them. Has a wonderful rising 200 day moving average. Has a 10 year inverse head and shoulder and when you get that's a basement that could take this stock to $50/60.
Ron MeiselsOwned
chemicals
BUY ON WEAKNESS
Sold about 1/4 of their holdings because they thought it was time to take some profit. Very cheap on a P/E basis. A cash flow machine. A single commodity company, methanol, which tends to follow natural gas very closely. Methanol demand has been very tight and prices very high. If you can buy at $20, it's a great buy.
David BaskinOwned
chemicals
DON'T BUY
They keep getting new orders, but questions if they can make any money on them. Own some bonds and preferreds, but no common stocks. Would BUY preferreds (BBD.PR.D-T) instead which are trading at around $21 on a $25 par which gives a nice yield. You could BUY bonds for an RRSP account.
David BaskinOwned
transportation equip & components
BUY
They keep getting new orders, but questions if they can make any money on them. Prefers the bonds and preferreds over the common stocks. Preferreds are trading at around $21 on a $25 par which gives a nice yield. You could BUY bonds for an RRSP account.
David BaskinOwned
transportation equip & components
TOP PICK
Likes this company mainly for its timber on the ground and that it's mostly a lumber company more than a pulp and paper company. Prefers western Canada companies over eastern. Has some compelling value to it. There's a big bonus if the softwood lumber war is ever concluded.
David BaskinOwned
west coast forestry
BUY
Likes their strategy very much. North American natural gas is a terrific strategy. Well managed. This is a long term hold stock, 5/10 years. Makes a nice pair with Petro Canada (PCA-T) in that Encana is domestic natural gas and Petro Canada is international oil. With the 2 together, you've got both legs covered.
David BaskinOwned
oilgas
BUY
Makes a nice pair with Encana (ECA-T) in that Encana is domestic natural gas and Petro Canada is international oil. With the 2 together, you've got both legs covered.
David BaskinOwned
integrated oils
TOP PICK
2% dividend. Biggest paint company in Canada. Taking advantage of the renovation business and new home construction. Underfollowed and trades at a very low multiple to earnings. Because it is illiquid, don't put in a market order, put in a limit order.
David BaskinOwned
chemicals
DON'T BUY
Would put it halfway between Canadian Tire (CTR-T) and a Hudson Bay (HBC-T). It's a little lower end than a Hudson Bay but higher than Canadian Tire and its performance is also halfway between. Not attracted to it as a retail idea. The whole department store concept is kind of tired.
department stores
TOP PICK
A huge play on copper. Stock is down because of some geological problems in Turkey and fell short of targets. Trades at a very low multiple of earnings. Has a wonderful balance sheet. Terrifically strong position. Making lots of cash.
David BaskinOwned
integrated mines
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