Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Norman Levine commented about whether ABH-T, TPR-N, ECA-T, KHC-Q, BA-T, MS-N, ARX-T, ERF-T, RY-T, BB-T, TRP-T, X-T, CNQ-T, T-T, CTC.A-T, WB-N, ETFC-Q, HTE.UN-T, FCX-N, VALE-N, C-N, BCE-T, LYG-N, PFE-N, NA-T, TECK.B-T, PCA-T, CNR-T are stocks to buy or sell.
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TOP PICK
(His 3 Top Picks will not give you instant gratification, but are to be held for 1, 2, 3 years.) Fabulously run. More efficient and profitable than everybody else. Have 2 headwinds. 1) Biggest product they move is forestry product. 2) Exposed to the US economy because of their US operations.
Transportation
TOP PICK
(His 3 Top Picks will not give you instant gratification, but are to be held for 1, 2, 3 years.) Affected by the Cdn$ as a lot of their operations are outside of Canada. Also has a lot of natural gas. Montreal refinery has a strike going on. Extremely reasonable valuation. Prospects on a number of their things are extremely promising.
integrated oils
PAST TOP PICK
(A Past Top Pick. Dec 5/06. Down 4.8%.) 5% yield is why he still likes it. All of the bad news is basically known. Sold their consumer products division for $19 billion and will use the cash for acquisitions, share buybacks, dividend increases and increase research. Recession resistant.
biotechnology
pharmaceutical
BUY
Have 2 main businesses. Oil/gas and a Newfoundland refinery. Earlier in the year, refinery margins where really big, but started to shrink when the summer driving season was over. Because of this and weak natural gas prices, they had to cut their distribution. For long-term investors, 3 to 5 years, this is a very good company. 16.39% yield.
investment companies
funds
WAIT
The long-term outlook for this company is fabulous. It is by far the best run public retailer in Canada. Near-term outlook is clouded because of economic weakness in eastern Canada. Their most recent quarter was disappointing and it was Ontario and Quebec. With housing possibly peaking and manufacturing coming down it is probably not the right time to Buy. If you are a long-term investor, wait a little while and then buy.
specialty stores
DON'T BUY
Have 2 headwinds against them 1) execution on basic business in the wireless has not been as good as in the past and 2) with the new spectrum auction coming up, where new entrants will be allowed to bid. Eventually, the drop in the stock will run out of steam and start to pick up again and fundamentals will improve and that's when you want to Buy.
telephone utilities
