TOP PICK
Paul's 3 Top Picks include Royal Bank Of Scotland which is not listed on the North American exchanges, REIT Bonds and a Government of Canada 5.75% Bond 2029.
BUY
The largest power producer in Italy. Very profitable and pays out a large part of its earnings in dividends. 6% dividends plus some special ones. The stock is under appreciated.
BUY
Slid down with natural gas. Natural gas seems to have bought and here and may go a little bit higher.
BUY
Good growth in high-quality supplements sold through doctors and practitioners. A nice growth story.
BUY
A Newfoundland based utility company. Sometimes outperforms the banks. Nice dividend.
HOLD
Banks are a great place to invest in Canada. In the long run, they outperform almost every other group. In the short run, the Canadian banks may be running a gas.
HOLD
Management has moved the company from being solely propane to a number of different companies. Propane sales were down this winter because of the warm season. They had to cut back on distributions. Has probably dropped more than it should have but don't buy on till it has stopped.
WAIT
Has-been range bound for quite some time and he would wait until it breaks out on the upside before buying. This is more of a technical call as the fundamentals are good.
DON'T BUY
The stock has become quite expensive and competition has been heating up. There will be more and more competition.
TOP PICK
Main part of their business is residential rental property in northern Canada. As oil/mining booms, they are the prime beneficiary. Largest tenant is the federal government. Drop in price and is a good opportunity to buy.
DON'T BUY
The outlook for financials has been quite good and continues to be good. Used to be the best run bank, but went through a period where it was tripping over itself. The quality of management has been picking up. Has had a big run and is probably overpriced.
TOP PICK
There is a lot more potential upside. Growth rate for the whole business is accelerating. They are gaining market share. They are a major player in infrastructure.
DON'T BUY
Growth in the handset business is set to accelerate from 10% to 15%. The problem with this company is that it is not gaining market share. (See his Top Pick Nokia.)
TOP PICK
Likes western lumber companies and this is his favourite. Has the best management in the forest products industry. Most conservative balance sheet with virtually no debt. Sells around book value. Selling off surplus assets. Buying mills in the US Northwest. Getting close to a solution in the softwood lumber dispute.
BUY
His favourite international oil/gas producer. Doesn't see oil going below the mid-$50 and there is possibly an upside of about $10.