Thinks the US guys are coming back in on this. The stats on the smart phone market shows they are taking a great share and that is one of the faster growing areas of the business. Their solution makes money for the carriers and the carriers are the guys that are selling it. Only trading at about 16X next year's earnings.
Canadian National (CNR-T) versus Canadian Pacific (CP-T)? Canadian National but don't buy either until the 2nd quarter earnings come out. Expects a very rough quarter.
Canadian National (CNR-T) versus Canadian Pacific (CP-T)? Canadian National but don't buy either until the 2nd quarter earnings come out. Expects a very rough quarter.
He worries about some of their initiatives and where their growth is going to come from. Moved into the long-distance market at the wrong time. Growth is limited. Would be more inclined to own Rogers (RCI.B-T), BCE (BCE-T) or even Telus (T-T).
Gold: He likes gold. The chart is showing a reverse head and shoulders. It's important to have gold in your portfolio. The anchors would be Barrick (ABX-T) and Goldcorp (G-T) and then surround those with a couple of growth such as Agnico (AEM-T), Red Back (RBI-T), Yamana (YRI-T) or Iamgold (IMG-T).
This is still one of the great long-term growth stories in Canada. Has great confidence in the new CEO. Cash generation is phenomenal. Trades at about 7X operating earnings, which is at the low end of the range.
Compared to other US banks there is more risk of dissolution of capital. Management has not been well accepted by the street. Likes the US financials in general but would rather buy the Financial ETF (XLF-N).
Likes US financials in general. There won't be the growth that there was before but the valuations across the board are a screaming buy. Too much risk within any single name.
Thinks growth profile is back in again. Have refocused their growth a little bit away from international and also have more core projects. Balance sheet is in good shape.