DON'T BUY
Worried about everything going electronic. Their distribution may come down. There is no prospect of growth.
BUY
Their products needed for all the infrastructure projects.
BUY
Favorite of the banks for the valuation, higher Canadian $ could be bit of a problem.
BUY
Been a buy all year. If you focus on the industrial part of their business it would justify it.
WEAK BUY
Likes it, but not his favorite. Not bullish on Nat Gas. He is bullish on oil. The split will be completed soon.
TOP PICK
Rim and Apple own this market. And Smart Phones are only 20% of the market. The bandwidth is so much more efficient with Rim than Apple. Rim is so much cheaper. He owns both. Risk is the average selling price of products. It is coming down as they migrate to the consumer market.
TOP PICK
Likes a story that everyone else hates and there is a very low valuation. They re-invested themselves. Balance sheet is in great shape. They are focused on central nervous system drugs. The valuation relative to the rest of the group is very cheap. They are generating tones of cash. High operating margins, high free cash flow. Analysts are just starting to pick up on it.
TOP PICK
Good management at Suncor, good assets at Petro Canada. They weeded out the assets they don’t want. They sold off some Nat Gas assets recently. They are very focused. It’s a great story. They will be a big player in the oil patch and they will get a higher valuation over time. The big risk is environmental risk (oil sands).
PAST TOP PICK
(Top Pick Nov 20/08, Up 115.8%) Still holds it.
PAST TOP PICK
(Top Pick Nov 20/08, Up 28.63%) Still a top pick.
PAST TOP PICK
(Top Pick Nov 20/08, Up 81.78%) They say they are going to have their best year ever next year. These guys could be taken out at some point.
COMMENT
Apple outdid themselves this time. There is a sweet spot in spending on the ipods and so on. The second and third quarter earnings came out ahead of expectations. He is still overweight gold.
BUY
This is a great opportunity to step in. They have lagged the market. They are a great growth story. Still a great growth story when you look at the balance sheet, cash generation, and diversity. He’s been adding to his position.
DON'T BUY
Wouldn’t own it. Would prefer other airlines.
N/A
Thinks the US$ will go lower so commodities will go up. But there will be a rally if there is more trouble in the middle east or the economy rebounds in the US. If we have a very cold winter we may have some increase in Nat Gas prices, otherwise a retreat.