WATCH
Uses a mesh network to figure out what is going on in a mine and to communicate with miners. US have brought in legislation and this company has a very good system. Currently working with a large number of mines in Virginia. Early stage,
COMMENT
If you are a growth investor it is a Sell. Ranks #241. If you are an income investor, it is a Buy.
HOLD
New technology officer. Early stages. Wait to see what happens.
DON'T BUY
Interesting media that allows you to look at Nascar or golf games. Early stages. Very speculative.
SELL
Very speculative.
BUY
Manufactures MobiKey that allows secure access to a computer from any place in the world. Early stage and very speculative, but should be reasonable over 1 year.
COMMENT
Sold his holdings about 3 months ago. A stock that is moving sideways or down in a roaring bull market is expensive. Ranks #287. Last quarter earnings were up 13% and are expected to be up 16% in the next couple of days. Signed a new contract with the Canadian Government.
DON'T BUY
Make the winglets for the Honda. Ranks in the bottom third.
TOP PICK
Bank of Nova Scotia 5.65% bond maturing July 22/08. A good pick up over treasury bills that are artificially low right now (3%+) because of the flight to quality bid. This is a fixed floater, i.e., it has a fixed coupon up to July, but if the bank decides not to mature the bond, it will float plus 1%.
TOP PICK
MetLife 4.35% bond maturing Feb 10/09. Very good US insurance company, AA rated.
TOP PICK
GE Capital Canada 4.4% bond maturing June 1/14. AAA rated, This is a great global, well-diversified company.
COMMENT
What to Invest in if you have $10K in both Cdn and US? – He would look at large Cdn and US blue chip companies that will export to China and India, etc. Exporters are going to be very competitive with the weak US$. These countries are going to need the technology and know how of the US.
COMMENT
Cdn$ versus the Euro – The Euro is not a bad bet at all. It has moved a long way. It is another good positive long-term story. The Euro should continue to strengthen over the US$.
COMMENT
Impact of High $ on the Bond Market – Very close “Direct and Cause” link between the $ and the bond market. The Cdn$ is acting as a de facto tighten for the Bank of Canada, which is a very positive support for the bond market. Canada is a fairly low yielder now and by looking elsewhere, you would be able to get some added yield. Australia, New Zealand have 6.25% - 6.50% versus our 4.25%. Instead of taking a currency risk, you could Buy some high-grade financials (major banks, etc.) that would yield 1.5% - 1.75% over Govt of Canada Bonds, which would put you up close to 6%.