COMMENT
His market risk and sector risk models are both negative. Went back to the bull market in commodities in the late 70’s and looked at what happened through that period. There were a number of significant corrections, similar to the ones that we've been going through in the last month. You have to be prepared for 25/50% corrections in the biggest stocks. It may be that the bull market continues and we go on to higher highs as it did back then. If we continue to be in a secular bull market, the stocks should come back into the area were they should hold and then should be able to rally from there. You have to decide if you want to bet that this is a bottom or see if it holds and be prepared to pay a little higher price.
SELL
If you own this, you want to look at how well they've held up against their peers. This one has not held up well. Have had some additional operating problems. Would look to let some of it go on any strength.
DON'T BUY
At a point in the business were if there is going to be a pickup in their growth rate, you should start to see it because of their new Vista product. Despite the fact that we've had a pretty good market for three years, the stock has not made an iota of gain. If you can't make it in a strong market, you tend to under perform in a weak market.
HOLD
During this weak market, the share price was hanging on very well relative to the market. 2/3 days ago, people were looking for liquidity to cover their margins and this stock got hit. Very stable business and very fee based revenue.
HOLD
A great company. Basic materials probably do have another rally in them. Wait to see if this rally will hold.
DON'T BUY
There have been a number of analysts reductions in their estimates. Estimates of earnings have dropped a number of times over the past few weeks.
DON'T BUY
The problem this company has had all the way through this rally is that they've had virtually zero revenue growth. The wire line phone business has had a difficult time generating a good return.
WAIT
You would only buy this if you believed the market was going to trend higher. He is not prepared to say that at this time. Wait for the market to settle.
HOLD
If you feel the market is at a bottom, this is a stock you would want to look at. A midsize producer with growth. Trading above its 200 day moving average.
HOLD
Has dropped because of a weak market as well as a weak sector. On top of that, they are making a bid for Inco (N-T). When a company makes a bid, often people will leave a stock.
PAST TOP PICK
(A Top Pick Apr 10/06. Down 10%.) Still likes. Has hung in remarkably well compared to any of the technology stocks. In the middle of a very strong turnaround in their business. Could see a good pickup in revenues.
PAST TOP PICK
(A Top Pick Apr 10/06. No change.) Was taken out of this position.
PAST TOP PICK
(A Top Pick Apr 10/06. Down 12.5%.) A great company. He has been taken out with stops. Will let the market settle down.
DON'T BUY
A wonderful company. Basically a mutual fund of financial services/assets. Canadian financial service companies are having a rough go.
HOLD
Has hung in as well as anything has on the oil side. Good long-term hold. In the short run, it is getting impacted by the market sector.