Latest Stock Buy or Sell?
Today, Laura Wallace commented about whether MMM-N, ECA-T, IGM-T, CNQ-T, BBD.B-T, RY-T, L-T, SCC-T, PCA-T, CM-T, CTC.A-T, IBM-N, AL-T, BNS-T, TRI-T, CCO-T, ENB-T, CIX-T, FTT-T, PWF-T, SU-T are stocks to buy or sell.
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BUY
Looking at this one very closely. Very interestingly priced. Has come off because of Wal-Mart, but more importantly because of earnings disappointments. Well-run company and are investing for the long-term.
food stores
$55.050
No
BUY
Prefers Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). This would be her third choice. It has made the turn on its US operations.
banks
DON'T BUY
Not sure that it is safe to buy this one. Reported good earnings for the quarter, above expectations. It is still an expensive stock. Has a big pension deficit. Big guarantee on residual values.
transportation equip & components
HOLD
Great Canadian success story. Pure producer, so it's going to be volatile. Embarking on a pretty major oil sands expansion. Oil sands expansions tend to have a lot of cost overruns. There may be a better opportunity on any overrun announcements.
oil / gas
TOP PICK
A very well positioned financial in what is going to be an increased savings generation. Largest independent mutual fund company. Tremendous record of returning money to shareholders. Dividend has increased about 17% each year over the last five years.
investment companies / funds
TOP PICK
For those who do not have a good energy exposure, this one has underperformed the oil/gas energy group by about 30% over the last year. It has the potential to catch up.
oil / gas
TOP PICK
Has 60% of its revenues coming in from outside of North America. Return is 35% on equity. Has a record of increasing its dividends. Trading at about 16.5 X earnings. Thinks it can grow in the 10/12% range.
mngmnt / diversified
