STRONG BUY
They like it. There is strong indication that down stream margins are going to be weak this quarter. Very high oil prices are not making it down to the pumps (gasoline). Thinks it's excellent value at this price. Has great assets.
DON'T BUY
To fashion and style sensitive for his taste.
BUY
They've escaped the subprime mess.
BUY
Pretty expensive stock. Good long term future for fertilizer.
TRADE
A good Insurance Company, but he prefer's Manulife.
DON'T BUY
It echos the US economy. If you think the US is heading for a recession, you don't want to buy it. He wouldn't buy it right now.
SHORT
Outrageously expensive stock right now.
COMMENT
Apple, RIM, and Google stocks are leading the Nasdaq. He believes that without these three stocks Nasdaq is going down. It makes him nervous and he feels the market is in trouble.
BUY
Largest independent pure play in North America. There are seasonal issues here and right now there is not a lot of demand for heating oil.Believes it is the best way to play the refining cycle. He would own but he does not.
WAIT
It is too early to look at this stock. There is still a potential 10-15% downside still in the stock. It is best to get in around mid 30's.
BUY
A fertilizer company. Profit margins are good. Because of the extra planting needed to support ethanol, fertilizer is a good place to be. The evaluation is not cheap, but he recommends that you have some exposure.
DON'T BUY
Feels it is a large mistake moving from Canadian to US financials. It's the wrong time to move. The US is dependent on capital market which is not good.
TRADE
They make themselves out to be a growth stock, are hoping to open more stores in the US. He likes the outlook. He's not looking at it right now though.
TOP PICK
High quality income trust. Have pipelines in Alberta, the business is stable and growing. There will be more demand for pipelines. Has owned it for a while.
TOP PICK
They haven't lost market share to Walmart. Sales and margins are growing. Risks are there are some labour disputes. He bought in the teens.