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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Laura Wallace commented about whether SU.TO, C, TD.TO, NTEL.TO, BB.TO, PCA.TO, BBD.B.TO, CIX.UN.TO, BCE.TO, TRI.TO, TECK.B.TO, Y.TO, MBT.TO, RCI.B.TO, T.TO, L.TO, UBS, X.TO, BMO.TO, JNJ, IGM.TO, BNS.TO, BDX, PG, ENB.TO, ECA.TO are stocks to buy or sell.
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TOP PICK
Finally being recognized for the very long-life reserves it has in unconventional gas production. Has strengthened its determination to return value to the shareholders, which can be seen in its dividend policies and share buyback policy. Has hedged part of its production in gas assets at over $8 a share as well as $72 a barrel for its oil. Quality management and reserves.
Laura WallaceOwned
oilgas
TOP PICK
Pipeline company, energy infrastructure. A large part of their earnings are regulated. Yields over 3%. Forecasting growth for 2012 at 10% to 11%. The combination of the dividend, which is expected to grow in the 6% to 10% range, plus the earnings growth, gives you a pretty comfortable 15% to 17% returning stock on a 5-year horizon. Energy infrastructure will continue to be a major area in North America.
Laura WallaceOwned
oilgas pipelines
TOP PICK
Very defensive stock. In all kinds of products that everyone uses. Well positioned overseas with more than 60% of its revenues outside of North America. Strong earnings outlook. Strong balance sheet.
Laura WallaceOwned
misc consumer products
PAST TOP PICK
(A Top Pick Mar 14/07. Up 15% including dividends.) Hospital supplies. Great company, but not well followed or well known. Well diversified with 60% revenues outside of North America. Good R&D. Trades at about 18X earnings. Still a Buy.
Laura WallaceOwned
Healthcare
PAST TOP PICK
(A Top Pick Mar 14/07. Down 11% including dividends.) Still a Partial Buy, particularly if you have low exposure to financials. Over 4% yield. Their credit losses are the lowest among Canadian banks. Good geographic diversification.
Laura WallaceOwned
banks
PAST TOP PICK
(A Top Pick Mar 14/07. Down 11%.) Largest independent mutual fund company. With aging baby boomers, there will be increased savings. Yielding 4.7% and has increased its dividends at 15% to 17% over the last 10 years. Still a Partial Buy.
Laura WallaceOwned
investment companiesfunds
SELL
(Caller has this in his RRSP.) Major disappointment. Yielding over 6%, which is a bit of a warning sign. If you own in an RRSP, she would consider diversifying into other financials such as Bank of Nova Scotia (BNS-T) or Toronto Dominion (TD-T) which have shown abilities to weather this environment.
banks
HOLD
Will be very challenging environment for all exchanges in the next 3 to 6 months. Market volatility is great for traders, but not for exchanges. Coming merger looks very positive and is good news. On a longer-term basis, it's a good industry to be in. Would stay away for the next 6 months.
other services
DON'T BUY
Looking very cheap on an asset basis. Real estate is valued at over the current stock price at about $30 a share. The problem is, there is no confidence yet that they have been able to turn earnings and get control of their environment. Given the margin pressures it is facing, it is too early.
food stores
COMMENT
New Visa IPO: - The MasterCard IPO has done very well. The appeal to these credit card companies is that they don't take any of the credit risks. Make most of their money on the transaction. She is a little nervous about IPOs because there is a little seasoning that goes on but it would be very dependent on what the price is and the market environment. There would be a drop in the value if there were a sharp drop in transactions.
HOLD
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