TOP PICK
The price of aluminum has gone up a lot less than zinc or copper. If aluminum just averages $1.10 this company, next year, will do $5US.
TOP PICK
Has become a retail bank. Has TD Bank North in the north/east US. 3% dividend.
BUY
All of the banks have retraced a little bit. If your time horizon is long enough, this is a buying opportunity. Can see a possible 15% one-year return at low risk.
WEAK BUY
4.5/5% dividend yield. Growth outlook is not very good. His outlook is for only a 10% return.
WATCH
Motorola (MOT-N) has just announced a product that will give competition but more to the consumer. Getting to an interesting price that he will have to look at. He would let it play out a little before going in.
HOLD
Likes the rails. Has a little further multiple expansion and pretty good earnings growth for 2/3 years.
SELL
Will take 3/5 years to turn it around. Would like to see earnings growth and contracts.
BUY
Will be volatile with the price of gold. Turkey properties have started production and Chinese will start in the fall. Production growth should triple over the next two years.
WEAK BUY
A holding company for Nova Scotia Power. Interest-rate sensitive. If you have a long-term view, you will get a little growth and a decent dividend.
BUY
Good growth. ROE is improving. International growth. A good long-term holding.
DON'T BUY
Relatively expensive. Has been earning peak earnings up to now. There are still a lot of positive things that can happen to this company.
TOP PICK
To a great extent, it has lost its premium valuation to the other banks. Core earnings still remain pretty strong. We'll see it report again with a return on equity in excess of 20/21%. Well diversified internationally. Almost 3.5% dividend.
HOLD
We are in a secular good market for primary metals and the demand for a nickel is very strong. This company will do well if you take a long-term view. Has had a good run and has not retraced as much as a lot of the other commodities.
BUY
A long-term play. You can play these things on a seasonal basis but he is not a fan of predicting what the seasonal things will do. Well managed trust. Would prefer it at $15/16.
TOP PICK
Primarily situated in the rural areas of the western provinces. Operate over 500 gas stations and a number of convenience stores. Earning an incredible spread, not only on the commodity but also the convenience stores. Very little debt.