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.
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.
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.
(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.
(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.
(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.
Has the medical side as well as the consumer side. Its medical device side is facing a bit of problem and its drugs are likely to face increased scrutiny if there is a Democratic administration. Attractive in the $55-$58 range.
(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.
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.
She is looking for an entry point into some of these large international financials. Given its exposure to this whole sub prime area, and that we are not true at or the uncertainties surrounding it, she would not be aggressive buying it, but would rather wait.
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.
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.
Looks very cheap on the numbers. Her concern is wireless growth. Manitoba Tel (MBT-T) has just announced that they are going for the Spectrum with 2 strong partners. There has already been enough competition from the incumbent standpoint.
Looking at this one. Chart reflects the whole competition that is going on in wireless and is impacting the high-growth area for this company. Could go to the $30-$33 area, but it is a much stronger company than it was the last time we went into a recession. You could add to this on weakness.
Just announced plans to create a 4th national wireless firm with 2 strong partners. Very interesting here. This will reduce the capital expenditure and balance sheet risk and will be able to maintain their attractive dividend yield. Could be an attractive investment.