BUY
Trading at a lower multiple then the Canadian banks. With the stronger Cnd$, you don't have a huge currency risk any more. Excellent dividend yield. Growth prospects are good. Credit card business is a good yield.
BUY
A conglomerate which trades at a discount to its net asset value. Likes the dividend and the fact that it keeps going up. Buy this for the yield and the increase in yield.
BUY
A conglomerate which trades at a discount to its net asset value.
BUY
A well-managed operation. Drilling for natural gas in western Canada will continue to be strong. 10% yield.
WEAK BUY
A volatile stock. Has been up and down 5% a day in the last week. Zinc appears to be in a fundamental net deficit, i.e., world demand is greater than world production.
BUY
In a terrifically weak market yesterday, this stock opened up 7% because it was a featured pick of a hedge fund in the US. This created a lot of activity by US investors.
BUY
The housings starts in the US were stronger last month. Cdn$ is a huge factor for Canadian lumber companies. Trading at a low price and they are going to get a big whack of cash back eventually.
DON'T BUY
They are bidding for Inco (N-T), which is bidding for Falconbridge (FAL.LV-T). Had a tremendous run as the base metals went up. Now down 30% from the top. Acquirers generally go down rather than up. Wouldn't rush out to buy at the moment.
BUY
Makes tubular steel products for the oil/gas industry. A good company. Cyclical. Good price.
DON'T BUY
Not crazy about this company. Increasingly commoditised and increasingly difficult to get the kind of margins that they used to get.
DON'T BUY
Has a history of going to the heights and then to the depths. You have to be able to stand volatility. Well-managed company.
BUY
Has been beaten down along with everybody else. One of the giants in the oil patch. Very well managed. Good solid distribution. Expects gas prices will go up. Good price.
TOP PICK
Yield is about 4%. With the new dividend tax credit, a 4% dividend is worth 3.2% after-tax, which means you would have to buy a 6.3% bond. Has a history of increasing dividends. Inexpensive as it has good growth prospects.
TOP PICK
Likes the Latin American exposure. The emerging middle class in those countries is an excellent banking market. Have more excess capital than any of the banks so expects they will increase their dividend payout ratio.
TOP PICK
Just had a falloff of more than 10%, which creates a buying opportunity. Likes them for its business in the mining sector in Argentina and Chile. Likes their exposure to the winter Olympics, the oil sands and the Mackenzie Delta.