TOP PICK
The model price is $82.29, a 68% positive differential. When they reported earnings, all metrics on businesses they are in, they beat Goldman Sachs (GS-N). (Brokers are not easy to hold in this period!)
TOP PICK
Likes the cheap energy stocks in the US. His model price is $73.18, a 54% positive differential.
TOP PICK
His model price is $79.25, a 75% positive differential. No one cares about this one. Not sure when it will get recognized.
PAST TOP PICK
(A Top Pick Apr 12/07. No change.) Earnings are so great and they're going on the balance sheet making the balance sheet larger so it's in proportion to the earnings. His model price is $58.35, a 42% positive differential.
PAST TOP PICK
(A Top Pick Apr 12/07. Down 14%.) Has survived and will continue to survive going forward. His model price is $192.80, a 9% differential. If the financials turn around, this will be the main guy going forward.
PAST TOP PICK
(A Top Pick Apr 12/07. Up 27.3%.) The model price is $125.44, a 55% positive differential. Still a Buy.
DON'T BUY
He has a model price of $24.38 giving it an 86% upside. The only issue that he has with this one is a plethora of good news but never sees the earnings estimates going up. Any pullback in oil prices and get could get back to $11 quite easily. Any positive news in oil or the company and your upside is $17.44. Risk/reward is not good enough for him.
BUY
Huge value in this one. His model price is $119.49 giving it a positive differential of 52%.
COMMENT
This stock has lots of value, however bad news just keeps coming in. Model price is $24.36 but there are constant downward revisions in earnings. A lot of fat there. If you have tight stops, stick out your hand. If it broke down to $10.36, it will drop to $8.50.
DON'T BUY
The model price is $34.09 giving it a negative differential of 5%, which is an improvement. He has been bearish on this stock for over 5 years. His only proviso is that the Reuters acquisition has not as yet been included in his numbers.
COMMENT
US Financials: - He is just writing a newsletter on this subject and it can be accessed at http://www.stockchase.com/www.ackerfinley.com for information. There are a lot of distressed US financials with an amazing amount of small banks that have been crushed and looked like very good Buys.
DON'T BUY
Bank of Nova Scotia (BNS-T), Royal Bank (RY-T) and Toronto Dominion (TD-T) are probably the most expensive banks in North America and possibly even the European banks. The upside in his model price is in single digits. The most upside to his model prices are National Bank (NA-T), CIBC (CM-T) and Bank of Montreal (BMO-T).
DON'T BUY
Bank of Nova Scotia (BNS-T), Royal Bank (RY-T) and Toronto Dominion (TD-T) are probably the most expensive banks in North America and possibly even the European banks. The upside in his model price is in single digits. The most upside to his model prices are National Bank (NA-T), CIBC (CM-T) and Bank of Montreal (BMO-T).
DON'T BUY
Bank of Nova Scotia (BNS-T), Royal Bank (RY-T) and Toronto Dominion (TD-T) are probably the most expensive banks in North America and possibly even the European banks. The upside in his model price is in single digits. The most upside to his model prices are National Bank (NA-T), CIBC (CM-T) and Bank of Montreal (BMO-T).
DON'T BUY
Utilities on both sides of the border are very overvalued. His model price is $31.90, which is a 12% negative differential.