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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Rick Rule and Gordon Reid commented about whether XOM, LVS, BA, WM, LOW, GS, MSFT, GOOG, INTC, LLY, CAT, DRYS, MEE, ANR, AIG, HOG, IBM, C, PRXL, ORCL, MA, EME, RBC, BAC, CEE.TO, OGC.TO, LUN.TO, NVS.V, FMM.V, RBI.TO, PIF.TO, IRC.TO, SRHI.TO, ALS.TO are stocks to buy or sell.
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TOP PICK
(A Top Pick March 3/09. Up 37%.) Have about $200 million in cash and securities. Extraordinarily well run. Have a small piece of the Voisey Bay royalty and merchant banking operations that have given them spectacular gains.
Rick RuleOwned
precious metals
TOP PICK
Merchant banking operation for the non-public opportunities that come in. Good valuation. Likes their agricultural focus.
Rick RuleOwned
precious metals
TOP PICK
Likes the US geothermal space. They get very generous subsidies. Focus is not to find geothermal but to finance, build and operate geothermal plants. This company has the best range of experience in this space. $150 million cash.
Rick RuleOwned
INDUSTRIAL PRODUCTS
PAST TOP PICK
BUY
Principally focused in the Dodsland/Viking light oil play in Saskatchewan. Very competent management, which has a acquiring/exploit focus. Important to budget 5 to 8 years for it to gain enough weight to make you money.
Rick RuleOwned
oilgas
COMMENT
Oil and Natural gas. Thinks these will be very, very good businesses. Still the possibility for sharply lower natural gas prices because of burgeoning US production and reduced industrial demand. A lot of it will depend on how oil/gas companies will be allowed to report reserves on a going forward basis and whether or not the current liquidity driven rally declines.
COMMENT
Likes these people a lot but would caution that he is not very optimistic on either copper or zinc prices in the near term. Good balance sheet and good free cash flow. Be prepared to own for 2 or 3 years.
Rick RuleOwned
metal mines
BUY ON WEAKNESS
Royalty and tax regime is very complex but is overcome by the very competent management team. Very large multi-phased deposit. Would prefer it in the $1.70-$1.80 range. Probably a takeover target in 5 to 10 years.
Rick RuleOwned
precious metals
TOP PICK
Sees the banking system in the US as starting to stabilize. Tarp money has been paid back. Expect there will be a very robust M&A season coming, which will benefit them. Also have Merrill Lynch and Countrywide, 2 very sound companies. Trading at 70% of Book. Things it has earning powers of $2.50-$3. Won't be without hiccups.
Gordon ReidOwned
banks
TOP PICK
Manufacturers small engines for heating and cooling systems. Replacement cycle of about 15 years. Housing starts in the US released it about 15 years ago and we are now getting into the replacement cycle. Also the motor sign out up to 70% more efficient so there is encouragement by governments for replacements.
Gordon ReidOwned
INDUSTRIAL PRODUCTS
TOP PICK
In the mechanical/construction services business so they are very much part of the stimulus program. Only a third of stimulus money has been spent so 2010-2011 should be a good time for them. Trading at about 12X 2010 estimates. Very little debt. Have $10 a share in cash on the balance sheet. Have had 10 consecutive quarters of earnings surprises.
Gordon ReidOwned
REAL ESTATE
PAST TOP PICK
(A Top Pick March 11/09. Up 69.1% excluding dividends.) Competes very well against Visa (V-N), its major competitor.
Gordon ReidOwned
other services
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