BUY ON WEAKNESS
One of his favourite smaller cap oil service names. This is a good one for capital gains. Strong growth. Wait for oil to drop a bit before buying and the stock is off $.40.
BUY ON WEAKNESS
He is underweight the whole power/pipeline sector. Waiting for interest rates to stop moving up. This is a pretty solid name. Growing a little bit quicker than the average. If you can pick some up at $9.40/9.50, you'll have a pretty good yield for growth going forward.
BUY
This is a must as a core holding for portfolios.
DON'T BUY
Disappointed since it went public. Hasn’t met any of its IPO forecast. He sold most of his holdings. The whole “senior care living space” has been under pressure. Most of its properties are in the US and the stronger Cdn$ hurts.
BUY
Has managed to fight through its higher costs. Has expanded into contract manufacturing. Had a great 1st quarter and would buy it under $10.
SELL
Ketch Resources (KER.UN-T) and Advantage Energy (AVN.UN-T) are merging. By doing this, Advantage may not have to cut their distributions.
SELL
He is shorting this trust. Ketch Resources (KER.UN-T) and Advantage Energy (AVN.UN-T) are merging. The merger is to this trusts advantage, as they would have had to cut distributions.
BUY ON WEAKNESS
Real estate sector has had a pretty good run and have had a correction over the last 2/3 weeks. If this one pulled back a little bit, you could buy. Stable cash flows.
BUY
Had a disastrous performance. Still producing a payout ratio of 85/90%. Showing some modest growth. They are 100% US so the market is concerned about the stronger Cnd$, but they are fully hedged until the end of 2008. Good price.
SELL
If you can get anything at all for this, you might as well sell.
DON'T BUY
The last quarter’s numbers were lower than expected. There is a problem with the stronger Cdn$. Only buy if you have other REITs as well.
BUY
Becoming a trust and will hold all the rural lines that Bell (BCE-T) and Aliant currently own. Distribution will probably be around 7%. You'll end up with an 8/9% return.
PAST TOP PICK
(A Top Pick March 24/06. No change.) Liked the underlying business but also recommended it because they were spinning out their northern Canadian assets which happened yesterday. Still likes.
TOP PICK
(A Top Pick March 24/06. Down 5.5%.) Did an equity to raise some financing so has been under pressure. A Top Pick for more conservative investors.
DON'T BUY
He tends to stay away from retail. Too dependent on weather and consumer tastes. Doesn't think it's a great business for an income trust for the long-term.