BUY
One of his favourites in the senior producer category. Should continue to be a good performer. Cash flow return on enterprise value has always been well above average for business in general and high in the oil industry.
DON'T BUY
Very unspectacular. Probably where it is because of the constant rumour of a takeover.
WEAK BUY
Very speculative. Have now filed their final catch-up papers and if it is going to be a survivor, this would be a good entry point.
TOP PICK
Canadian banks have been good performers. 1st quarter results were up 22%. Gains are coming from better insurance products, real estate loans and good growth in their retail deposit operations.
BUY
Canadian banks have been good performers. His 2 favourite banks stocks are Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). Has the highest percentage of its earnings and revenues in international operations. Also big in bullion trading.
BUY
Has been one of his favourites for the past couple of years. Scored very high on his analytical approach of "cash flow return on enterprise value", and continues to score high. John Hancock integration has gone very well.
BUY
The most attractive feature on this is its long life through the oil sands. Generates a high level of cash flow.
DON'T BUY
Airline industry is extremely volatile. When this company started out, it had a particular business model of low costs and tight operations that made sense. It has wandered away from that. Could get hurt over the long term.
BUY
Canadian banks have been good performers. His 2 favourite banks stocks are Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). Also likes this bank.
TOP PICK
An Israeli company with most of their operations and sales in North America and Europe. A generic drug producer.
TOP PICK
A little different than a lot of the other energy trusts with a payout ratio of about 60% using 40% to rebuild reserves. Also goes outside of Canada to buy reserves.
BUY
Likes both Power Financial (PWF-T) and Power Corp (POW.SV-T), but Power Financial is slightly better value and potential than Power Corp.
BUY
Likes both Power Financial (PWF-T) and Power Corp (POW.SV-T), but Power Financial is slightly better value and potential than Power Corp.
PAST TOP PICK
(A Top Pick Nov 23/04. Up 10%.) Still buying. Have several basic operations: retail stores, Marks Work Wearhouse and financial services. All sectors are doing very well. Their one soft spot is petroleum marketing.
PAST TOP PICK
(A Top Pick Nov 23/04. Up 7%.) The leader in integrated oil and gas stock. Still buying.