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DON'T BUY
Their last quarter beat the streets estimates. However, looking into the numbers, they were weak numbers because most of a bump came from trading revenue. You never own a bank because of their trading revenue because it is volatile. Their commercial lending business has suffered with lower margins. Expected to under perform relative to the other banks.
banks
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.
Unknown
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.
electrical utilities
BUY
Slid down with natural gas. Natural gas seems to have bought and here and may go a little bit higher.
oil / gas
BUY
Good growth in high-quality supplements sold through doctors and practitioners. A nice growth story.
Consumer Products
BUY
A Newfoundland based utility company. Sometimes outperforms the banks. Nice dividend.
electrical utilities
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.
banks