DON'T BUY
(Market Call Minute) Ugly balance sheet.
WAIT
Coal prices are going to go higher. China has a shortage. Will probably renegotiate at higher prices. Trim a bit at these prices or buy on pull back.
BUY
He is trimming it off along the way. Copper story. Great assets in Spain and across the world. Great company. Balance sheet in great shape. New mine coming on in Panama in the next couple of years. Great time to buy the stock.
DON'T BUY
Bull, Leveraged Nat Gas. Should only hold day or two. There is way too much in supply. Long term he feels good about nat gas, but not short term.
BUY
Won’t bid for assets of Can West. They paid off debt; car companies are spending more on advertising. Looks cheap.
TOP PICK
Looks very attractive. Down 10% at start of year. Pretty good earnings considering economy. Highly leveraged to fertilizer and grain prices. Can buy cheaper than Buffet paid for his railway. A defensive way to play a rebounding economy.
TOP PICK
YPG Holdings pref. Series A. This is equivalent to an 8% bond yield. There is some upside potential. Good yield compared to GIC over next 3 years. Pretty safe.
TOP PICK
Very little press, under followed. Has a lot of industrial and commercial real estate. Trading at significant discount to every single real estate company in Canada. 40-50% discount to net asset value.
PAST TOP PICK
(Top Pick Sep 29/09, Up 18%) Good quality company, regulated utility. Raised dividend almost every year for 35 years. Trading at discount to others.
WAIT
This is like a barometer on the US economy. Earnings are very good; lots of international growth. Name he would look at when the Canadian $ goes higher. He is avoiding US stocks right now.
BUY
(Market Call Minute) Very cheap here.
DON'T BUY
(Market Call Minute) P/E too high – not for his clients.