SELL
There were a number of growth technology companies that were doing very, very well earlier this winter. This was not one of them. an under performer.
HOLD
Canadian banks are expensive compared to their global peers. Likes the way this bank has operated. Likes the makeup of their business.
TOP PICK
He is 70% into cash. Until there is real focused strength in one part of the market or another, there is no use in laying any bets. Will wait for the volatility to come out of the market.
HOLD
Made a lot of investments over the last several years. It appears those investments are starting to pay off. In the last few months, shares have started to act better. Earnings growth rose to 63% in the last quarter. One of a few companies on the TSX that looks attractive.
HOLD
Made a major gas find in China. At this point, if you have to buy an oil/gas stock, this is as good as any.
DON'T BUY
Have about 40,000 cell sites. Lease access to wireless companies. Very attractive business. Came under scrutiny regarding timing and pricing of options offered to their executives. This along with a market correction was enough for him to get out.
BUY
Will be converting to a trust. Will be paying out $2 to each unit holder. This has been one of the more attractive financials. Has been impacted negatively by the sector.
BUY
In a defensive part of the market. In general, drug stores and the like should do well if the market is slowing down. Prefers Alimentation Couche-Tard (ATD.B-T) but this one should do well.
DON'T BUY
Continues to under perform. Even today, he doesn't think they have a good handle on their accounting.
HOLD
Market weakness is having an impact on this stock. It is going through a restructuring which could create some positive things going forward.
TOP PICK
Not terribly economically sensitive at this point. One of the big concerns is that the economy may be slowing down. Owns about 1400 convenience stores/gas stations in the US. Margins are fairly steady. Very good operators.
TOP PICK
Built the newest generation broad band network in the US at the end of the 90’s. Had a mountain of debt but over the last five years demand for bandwidth has reached the point where they are making a bit of money. Improving margins and revenue growth.
BUY
They make the equipment for the Intel's, etc. In the process of making an acquisition of Applied Films (AFCO-Q) to make solar panels. A great name. Strong balance sheet. Tends to be quite volatile.
DON'T BUY
Likes management, the business and their market. Has not found it that compelling from a valuation point of view. Would be very interested below $10.
TOP PICK
Wants to own companies that he believes in for a long-term vision. Don't buy this one to time the market. If it goes down, you can be comfortable buying more. Sees a lot of good opportunity ahead for them.