DON'T BUY
Likes their product which is now been approved in Europe. Stock has not performed well over the years because of the way they have sold their product. Have used internal sales people which is extremely expensive. Until they can cut their sales costs, he is not interested.
BUY
Had recommended buying a basket of junior uranium stocks on Jun 1 including Paladin Resources (PDN-T), Western Prospector (WNP-X) and Energy Metals (EMC-X) as Buys. Should also have included this one which potentially is a very nice discovery and which almost doubled last week. Thinks the price of uranium will continue to move up.
BUY
A pure play on oil prices. Basically it owns some oil sands assets, so has a lot of "in-the-ground" oil. Won't be producing for many years. Have a partnership with Petro Canada (PCA-T) and are looking for another partner to mine their property. This will take some time. Not producing any revenues, so stock will be based on oil prices. Long term it's a tremendous play.
BUY
Has not acted well recently. Had 2 quarters in a row of improvement in their EBITDA. Focused now on selling some non-core assets to help reduce their debt. Once that gets down, they'll reinstitute the distribution and the stock should do better. Feels the distribution will be back on '06.
DON'T BUY
Mine is under construction to increase production. Metalurgical coal prices are set in April each year (2005 is 2 x as high as last year's!) and at today's prices, the company will generate a lot of earnings. He is negative on the world economy in the short term and if right, this stock could not stay where it is.
DON'T BUY
Has had tremendous success. An extremely competitive market. Has had 3 good years in a row which is an unusual pattern. Normally have one good year and then one bad year, etc. Has a high multiple. Doesn't feel their margins are sustainable.
BUY
The only way to buy pure uranium for a small amount of money. At the current stock price, you are paying about $35 for uranium which is a 15/20% premium on today's uranium prices. Feels that the price of uranium will go up.
PAST TOP PICK
(A Top Pick June 1/05. Up 8%.) Still likes. Expects results will keep improving.
PAST TOP PICK
(A Top Pick June 1/05. Up 7%.) Company is very small but growing fast. Basically a consulting company in real estate doing valuations, real estate taxes, etc.
PAST TOP PICK
(A Top Pick June 1/05. Up 23.5%.) Should be a core holding for anybody who believes in energy and natural gas. Has tremendous growth. Very low risk.
TOP PICK
About a year ago they were running about $250 million in sales. Made an acquisition in the last year which boosted their sales to $450 million. Have just acquired another business of about $200 million which takes them to $650 million. Haven't seen the results yet of these acquisitions. Just on the $250 million they were earning about $2.50 per share. Very cheap.
TOP PICK
Have ATM's in stores. 3rd largest in Canada. Now into selling cash cards which has tripled in growth. Expects them to grow another 100% next year.
TOP PICK
2nd Cup Coffee shops. Stock may not do great percentage wise, but the risk is very low. The company doesn't own the stores, but gets a % of the top line, so there's no expense, just revenues. Yield of 9.1%. New management should increase sales.
DON'T BUY
Very expensive. Likes the sector, but no stocks that are appealing.
DON'T BUY
Doesn't believe in most alternative energy companies. A lot of the popularity in this sector is in hydrogen, but it takes more energy to produce than what you save in energy.