BUY
Likes this one a lot. Good management. Making good acquisitions. There is some seasonality, so will probably move sideways during the summer.
DON'T BUY
Likes the job that the team has done. One of the difficulties they have is that a lot of their assets are in Carrington Management Group (?) which has not been growing as rapidly as it has done. With asset management you want growth.
BUY
Likes this one a great deal. Enormously profitable.
DON'T BUY
3.8% yield. Stock is off about 10% this year. Affected by what is happening in the US economy. Exposed top mortgage financing which is not doing particularily well. Also has a big exposure to the derivatives market. Would prefer Wells Fargo (GWF-N).
DON'T BUY
Out of favour as they came out with a profits warning. Didn't close a lot of their big service contracts. Also people are not buying as many main frames.
DON'T BUY
Have some interesting drilling results in China, but prefers this type of stock on North American property where you can see what there is. Too many questions.
DON'T BUY
A new company, but because of some purchases of properties they have some zink and coal exposure near Sudbury. Own their bonds as they prefer to wait and see what they actually have.
BUY
Good dividend and could become an acquirer of Sask Tel. Dividend is good and pretty safe.
BUY
Feels that servicing oil rigs is a great business. Acquire their major rival in the North Sea. Should do really well.
TOP PICK
Hasn't moved much in the last 3.5 years, but did get a nice dividend. Had some problems with their US holdings, Massachusetts Financial but have recovered from that. Has been a bit of a laggard against ManuLife (MFC-T).
TOP PICK
A great demographic play. Interestingly, the sales from the front of the stores are much more profitable than the pharmaceutical side. Upgrading their stores. Stable and a long term hold.
TOP PICK
Got rid of their Sudan holdings which were a big drag. One of the better managed exploration and production companies. Well diversified globally.
BUY
Looking at it to get some nickel exposure. Reasonably cheap. Trading at a little over 5 X this year's cash flow. The issue is, what are commodities going to do next year. Any slowdown will impact them negatively. With all metals, take a 3 year view given the long term cycle.
BUY ON WEAKNESS
Interested in 3 key stocks in the retail area, Rietman's (RET.NV.A-T), Canadian Tire (CTR-T) and Rona (RON-T) and will buy one or more of them on any pullback. No debt and a decent dividend at about 2.5% and have shown consistent steady earnings. Would consider at $13.
BUY ON WEAKNESS
Interested in 3 key stocks in the retail area, Rietman's (RET.NV.A-T), Canadian Tire (CTR-T) and Rona (RON-T) and will buy one or more of them on any pullback.