TOP PICK
(A Top Pick Feb 15/08. No change.) 50% to 60% cash in his equity portfolios
TOP PICK
Bullish on gold. This company has a great growth story with a number of new mines coming on. By the time their last mine comes on in 2010 will be at 1.2 million ounces production at expected cash costs of $285. They don't have to raise capital.
TOP PICK
Global company across the entire value chain in agricultural products. Extremely strong balance sheet. Have all kinds of opportunities to make acquisitions. Agriculture is not a bad space to be in, particularly with the emerging markets scenario.
PAST TOP PICK
(A Top Pick Feb 15/08. Down 27.3%.) Prefers integrateds because with energy prices moving around they can manage earnings a little better. Got out of energy last June-July.
PAST TOP PICK
(A Top Pick Feb 15/08. Down 24.4%.) Sold his position last fall.
DON'T BUY
Technically, the stock consolidated nicely between November and February but has broken down out of the consolidation. Earnings were a little bit disappointing. The macro environment has overwhelmed the situation. Likes the technology space and likes this company but in the near term, the stock is going to probably be weak.
BUY
Communication semiconductors. Winning new business from Nokia (NOK-N) that will ultimately serve Asia. Likes the technology space. You want the cash flow and predictability.
BUY
Communication semiconductors. Likes the technology space. You want the cash flow and predictability.
BUY
Communication semiconductors. Likes the technology space. Looks interesting. You want the cash flow and predictability.
BUY
Software. Likes the technology space. Has been remarkably strong. You want the cash flow and predictability.
BUY
When it had the selloff after the deal cracked, the stock found its footing. This is a defensive position that you get paid to hold. Dividend is safe.
WAIT
Nicely growing cash flow and paying down debt. Strong balance sheet. This earnings period was a disappointment on a number of fronts, which affected the stock price. Virtually all cable companies have had a rough go over the last 2 weeks. More a market issue than anything else.
WAIT
Because of the continuing erosion of their underlying commodity, it is very difficult to know where you will see that turn. Don't Buy until you see oil prices go up along with the stock price. (Would be more interested at $50.)
COMMENT
Oil: If he were going to do anything, he would probably look at an integrated, not a producer. Where the oil price will be in 2 years is a $64,000 question. He is not going to fight the trend.
DON'T BUY
Pretty good cash flow and have a lot of cash and they can afford to pay the 13.3% yield. The question is, whether they use the cash to acquire other product lines. Does like the Bio Pharma space and the ethical pharmaceutical companies but he would prefer one with more growth.