TOP PICK
(A Past Top Pick Nov of22/06. Up 26%.) An under appreciated Canadian success story. Manufactures fibreglass storage tanks with a patented technology allowing them to be a low-cost producer. Expanding internationally.
TOP PICK
(A Past Top Pick Nov of22/06. Up 42%.) One of the cheapest mid to large-cap stocks in Canada with a proven business model. Trades at about 13X next year's earnings.
TOP PICK
(A Past Top Pick Nov of22/06. Down 70%.) This is a great buying opportunity in the US financials. When things bottom out, he will be adding to his position. Expects to be buying in the next couple of weeks. Trades at 9X earnings. 5.7% dividend yield.
WEAK BUY
Discovered a large amount of zinc in Manitoba. Relatively cheap. He is more cautious on the mining side. Feels that eventually a correction will come. If you are going to play this sector, this would be a good one.
HOLD
Very solid company. Well-managed. Can't comment on the valuation level, as he hasn't evaluated the company for a number of months. Expect they are having good upside on their earnings with their global holdings.
BUY
His favourite Canadian bank. Looking at their long-term strategy, they know where they're going in the next 5 years and execute on that.
COMMENT
US banks are very undervalued. This one has some serious issues on their balance sheet. A whole group has sold off in a big, big way. Feels the market has overreacted to the whole situation. He prefers buying when the stock starts to come back a little bit. (See Top Picks.)
BUY ON WEAKNESS
Right now earnings estimates on the rails are falling. Countervailing that, Warren Buffet continues to buy more and more of his rail stocks. Good long-term buy but you may get a chance to buy it a little bit cheaper.
COMMENT
Early-stage oil/gas exploration. He has a very small position in this. Have 2 really, really exciting plays. One is a deep gas play in the Rockies, which at some point it's going to be worth a lot. The other is in the Dakotas with Bakken shale and has assembled a great acreage position. This could be a whole new leg of growth for the company. Speculative.
COMMENT
Really interesting company in the solar space. Have a concentrator system that concentrates sun rays onto a small chip. Could be some interesting breakthrough technology. Had a pretty good run and he has taken a little bit of profit. Speculative.
BUY
Exciting, cheap oil drilling results in Thailand. Also have an interesting heavy oil play in Alberta.
BUY
Most interesting defence oriented company in Canada. Have some great contracts. Can see it going higher from here.
BUY
Sell krill oil for increasing HDL. Can’t understand the recent poor market performance as last month they announced a new Scientific Advisory board headed by Steven Nissen, chairman of the Cleveland Dept. of Cardiovascular Medicine plus 4 other renowned scientists.
BUY
Gold is one of the better sectors to be invested in the next few years. This is his Top pick in the gold sector. One of the cheapest plays out there. Have a great asset that is just coming into production this quarter. Great management.
COMMENT
Owns Petrobank (PBG-T), which has 77% of this company. Likes it going forward. Hasn’t looked at it for a few months and there has been a fair amount of value added to it, so not sure if it is fully priced or not.