SELL
You have to judge if the concept they have is going to survive. Thinks they will be under continuing pressure from the Internet.
TOP PICK
Surprised that they cut their dividend and so deeply. Growth potential is higher than any other Canadian lifecos. Likes the growth in their Asian business.
TOP PICK
With the recession, everybody got gun shy about the market and a lot of money went out of equity and balanced mutual funds and into the money market. This company hasn't seen a lot of net sales until the last month. Thinks there will be terrific net sales in the2nd half and going into 2010. Control their costs very well. Terrific 4.6% dividend yield with room to grow.
TOP PICK
Likes all the telcos. Expecting the dividend will grow every year. In spite of the competition in wireless, their opportunities in the broadband Internet are so great as more and more entertainment is pushed down the pipe the threat of competition is outweighed.
PAST TOP PICK
(A Top Pick Sept 2/08. Down 24.5%.) Caterpillar equipment dealer. Down because of the metals more than anything else in specifically because of their interest in South America. Waiting to see what happens in South America because of their moving to the left.
PAST TOP PICK
(A Top Pick Sept 2/08. Up 26.5%.) Most profitable bank in Canada. Looks like it can continue to expand in its niche. Potential to raise dividends. Trading at 9X earnings versus its peers at 11X or 12X. Still inexpensive.
PAST TOP PICK
(A Top Pick Sept 2/08. Down 2%.) One of the companies that are going to benefit from the global infrastructure spending. Also from new construction of global power facilities. Order backlog of about $12 billion.
DON'T BUY
It looks as though most of the US banks are ready to break out of their funk. What you don't know is what is lurking in the weeds on the balance sheet.
DON'T BUY
It looks like most of the US banks are ready to break out of their funk. What you don't know is what is lurking in the weeds on the balance sheet.
BUY
Smartest guys on the street. Along with JP Morgan (JPM-N) the only 2 surviving investment banks. Right now there is a lot of investment banking going on. Doesn't think the US Feds will be crushing the investment banks.
DON'T BUY
The contract-manufacturing sector basically assembles electronics for others. A low margin business. When the retailers and designers are pressed when sales are slow, these are the people that get squeezed. Has survived and might do somewhat better coming out of this but will never be a huge earner.
BUY
Likes the 6.2% dividend very much, which is expected to increase over time. Thinks telecoms are ready to break out. (See Top Picks.)
DON'T BUY
He questions if this will still be in business in 1 or 2 years. Was always a high-risk enterprise. Now competing with iPods and many sources of free entertainment.
BUY
Tech sector is one of the spaces that could benefit from an improving economy as people and corporations spend more money. A lot of the systems are getting long in the tooth. Would tend to more of the corporate end because the price pressure on the consumer is relentless and never ending.
BUY
Tech sector is one of the spaces that could benefit from an improving economy as people and corporations spend more money. A lot of the systems are getting long in the tooth. Would tend to more of the corporate end because the price pressure on the consumer is relentless and never ending.