TOP PICK
Amsterdam exchange. Global infrastructure play. Biggest player in harbour construction. Also harbour fronts and land reclamation. Got hurt when credit dried up and price of oil dropped. Credit is starting to free up and oil prices are coming back. Earnings and order book much better than expected.
TOP PICK
One of the few Canadian consumer products multinational. Largest pressure sensitive label company globally. Also make plastic tubes, aluminium aerosol cans. Biggest customers are P & Gs such as L'Oreal, Colgate, etc. Trading at only .8 X Book and about 10.5X next year's earnings.
TOP PICK
Likes their exposure to the oil sands. Price of oil is currently higher than people expected. Alberta’s labour costs have gone down. A big cost in the oil sands is natural gas, which seems to be going lower.
PAST TOP PICK
(A Top Pick Aug 12/08. down 5.29%.) Biggest auto parts manufacturer in North America. During slow economic times this should be a great area but people don't repair cars as often as they should. Eventually they will have to. Starting to pick up. Also distribute industrial products and office supplies. History of increasing dividends annually. Still a good Hold.
PAST TOP PICK
(A Top Pick Aug 12/08. down 28.07%.) Biggest retail grocer in North America and the only one that did not lose market share to Wal-Mart (WMT-N). Earnings and same store sales continue to come in above expectations. Has languished because of a flight to risk and grocery stores are the ultimate anti-risk. Still a Buy.
PAST TOP PICK
(A Top Pick Aug 12/08. down 8.41%.) Property, casualty, workers compensation and lawyers liability insurance. Has been a good performer compared to other financials because of minimal exposure to bad assets. Quality management. Still a Buy.
STRONG BUY
Very pleased with the merger with PetroCan (PCA-T) and its outlook. Although PetroCan had some great assets, management was not as good as it could have been. Suncor has far superior management. Is particularly high on their oil sands holdings. (See top Picks. He could have picked this as well.)
COMMENT
Dividend Stocks. He is a big believer in quality companies that pay dividends, especially ones that increase them on a regular basis. Comparing stocks and bonds historically there is no comparison. DRIPs for retail investors is a pretty good strategy also.
HOLD
Oil/gas trust. Most of its assets are outside of Canada and he likes the geographic diversity. Quality company that has made some very good acquisitions and discoveries. Good long-term hold.
BUY
Infrastructure involved in bridges, roads, etc. Should be a beneficiary of infrastructure money that is being thrown around. (A caveat. With declining government income, money may not be available, as everybody had hoped.) (See Top Picks.)
BUY
International infrastructure. (See Top Picks.)
BUY
Was an oil/gas trust but incorporated for growth. A kept distribution at a high level so is still a good income situation. Oil heavy, which he likes. Just made some acquisitions in the Bakken area and also issued some shares. Good long-term hold.
BUY
A major portion of this company is its financial services. Seems to have bottomed and has been going up since. Feeling more comfortable with this. Expect they will start raising their dividends again.
BUY
Canada's growth utility and is growing across Canada and internationally.
BUY ON WEAKNESS
On his radar but in the $80's. Prefers Syngenta (SYT-N), which specializes in herbicides, pesticides and seeds.