COMMENT
ArcelorMittal (MT-N) or US Steel (X-N)? Arcelor is a global play while US is an American play. Depends on your view of the global economy versus the US economy. He thinks the US will probably lead because they were the first to start stimulus.
SELL
Had consistent disappointments and operational issues. Have not been great on execution. If you own, consider taking your profits and waiting to see if their recent recovery is for real.
BUY
Believes that food prices are likely to go higher as diets improve in the emerging markets. This one has been depressed because of its attempted acquisition of CF Industries. Once that is completed it could very well move ahead.
DON'T BUY
Selling systems is a very lumpy business. Getting competition. Near the top end of its trading range.
COMMENT
Great industrial operations. The difficulty is, it has a big financial arm. Essentially you are getting a quasi-financial, which is going to be a drag over the next few years. You probably won't get a decent dividend anytime soon because they will want to reinvest their cash into the business.
COMMENT
Even cutting dividend in half was not enough to drive the stock down to where it had been. Could see it getting back into the low $30’s in 2 or 3 years.
COMMENT
This is the management that got everything absolutely right. US housing market was a house of cards and they bet against it and it paid off in spades. Took a dive in March when the market turned around however way ahead of where they where 5 years ago. This is a play on management and the long-term strategic positioning of the stock.
BUY
Feels it will be a beneficiary of an improving economy as people gradually start to buy more houses and as they demand from China keeps growing.
BUY
(Market Call Minute.) Continuing to deliver in terms of expanding its product range and holding off the challenge from competition.
BUY
(Market Call Minute.) Has done pretty well because the price of coal has not gone down as much as people feared. Thinks coal will continue delivering reasonable earnings over the next year.
BUY
(Market Call Minute.) The poor man's Suncor (SU-T) and should benefit from that because it is a big oil sands producer. Also marketing margins are improving.
BUY
(Market Call Minute.) A cheap way to own Loblaws (L-T) which is having a very decent turnaround.
BUY
(Market Call Minute.) Has been awful because people have not been drilling wells in North America but it has bottomed out and the volume will start to increase.
TOP PICK
Healthcare space so is reasonably defensive. Well diversified including consumer products, prescription drugs and medical devices. Fantastic balance sheet management. About a 4% yield. History of increasing dividends.
TOP PICK
6.25% dividend yield. Hasn't done particularly well in participating in the recent rally. A solid play in a market where there is uncertainty.