BUY ON WEAKNESS
Starting to get interested in it and will get real interested if it gets down to $25. The question is, how are they going to grow in the United States. Watch it for a few months.
BUY
Stock has dropped because as interest rates go up on the long end of the curve income trusts in general, become less attractive. There are also some major maintenance expenses. Pretty good value proposition, right now.
HOLD
The problem has been the spread between cheese prices and rock milk prices, which has been narrowing. Regulated markets. There are signs the spread is starting to improve in the US. A good defensive stock.
BUY
Leverage on copper is four to one, and this is why the stock has done so well. Also, 20% of their output is zinc with a little bit of gold as a by-product. Not trading at a high multiple of what its earnings are likely to be this year and 2007.
DON'T BUY
Industry is good, but in some ways, that is bad for this company. Globally the cellphone/device industry is strong and growing. It has attracted some very smart competitors into the game, which makes it hard to keep the margins up.
DON'T BUY
The party is probably just about over. The news on both the conversion and growing mutual fund sales is in. Fairly priced. If you all know, take some profits, before the conversion and wait and see what happens.
DON'T BUY
Too volatile for him. Prefers the more stable, senior companies.
WEAK BUY
This is their kind of market. Not sure in the stock is worth $23, as it is a question as to whether this can be sustained for a long time.
HOLD
Banks are not cheap, by traditional measures. They are all trading above their historical price to earnings ratio levels. Substantially more expensive than the American/New York money central banks. As interest rates go up, he expects banks to lose their momentum.
WEAK BUY
When you get to be as big as this company, how do you grow, year after year? The stock hasn't done much for the last 3/4 years. A good defensive name and they will make money in nuclear reactors and wind generators, and in defence.
PAST TOP PICK
(A Top Pick Jan 19/06. Down 3%.) Interest rates were a problem. He holds out hope for the sector in the next federal budget, hoping the government will reduce taxes on dividends.
PAST TOP PICK
(A Top Pick Jan 19/06. Up 27%.) Nickel prices have gone up with all the other industrial commodities. Still reasonably priced.
PAST TOP PICK
(A Top Pick Jan 19/06. Up 28%.) People are starting to finally notice this. Had traded thin and didn't give a lot of analysts coverage. A terrific bunch of assets. Net asset value is probably more than $70. Applying at 20% holding company discount, it is still about $55.
HOLD
A worthwhile holding. It's the kind of stock that does well when the general market is kind of soggy. Hasn't been a lot of enthusiasm for this kind of lower growth, defensive name.
DON'T BUY
Speculative. At some point, it becomes a mature speculation in the sense that there isn't going to be any significant news from the company, probably for a couple of years. If you want exposure to oil sands, you can buy an Encana (ECA-T), where the oil sands are valued at zero.