N/A
Earnings season has been great despite a fear it would not be. There have been cases of all-time record earnings. Prices are falling but fundamentals are rising, which creates value. Sovereign debt concerns are keeping the market’s feet on the ground.
SELL
One of the mega pharmas that is having trouble getting traction because it is so large. They have a problem with one of their large drugs (25% of business) coming off patent within the next year. He would look elsewhere. J&J, Abbot, are better picks.
DON'T BUY
Earnings have doubled in the last decade, but prospects for growth have gone.
BUY
They continue to have an issue with their capital markets business, compounded by the economy and recession prevents the growth they had in the past. Let the economy improve and you will see the company come out of the fog. It’s not cheap, but not overly expensive. It’s a show-me stock.
BUY
This sector will do well as the global recovery takes hold and emerging markets start to build again. All of these types of companies are going to well if they are fairly priced, which this one is.
BUY
Well managed. ESPN and ABC are the business drivers. 43-45% of business comes out of these businesses. Well priced here.
BUY
The best of the semiconductor group. Good earnings just reported.
TOP PICK
Phenomenal branding machine. Even though it tripled in price since he bought, it is a better buy today because the earning power is so much more this year. The Ipad will be gravy.
TOP PICK
Home health care company for acute patients. Contributor to health care reform. Least expensive option for health care. Stock suffered from the overhang of health care reform. Recently doubled his position as a result of management changes and skittish market.
PAST TOP PICK
(Top Pick Mar 11/09, Up 52.87%) Not as cheap as it was, but still good value.
PAST TOP PICK
(Top Pick Mar 11/09, Up 56.68%) Not as cheap as it was, but still good value.
PAST TOP PICK
(Top Pick Mar 11/09, Up 163.6%) Not as cheap as it was, but still good value.
TOP PICK
Communications business. Manufacturer of cable, antennas and has a wireless division. We need more and more and more hardware and software to move data and video around. Biggest risk would be enterprise spending taking another dive. This is what hurt the stock thus far.
N/A
From the highs until a week or so ago we were down about 8%. He thought it would go further. The reasons were 3 – (1) it was very over bought; (2) people were concerned about Chinese tightening; (3) debt crisis in Greece. The later gives him some concern. Wonderful company results were partly based on conservative guidance from the companies. He is glad to see it but takes it with a grain of salt. He looks for income in stocks, not just capital gains.
BUY
He prefers Rogers and Shaw. Sole reason for owning BCE is the dividend. Modest capital gains from here. Reasonable minimum downside. At some point he thinks they and Telus will spin off wireless.