TOP PICK
Has missed expectations for investors when it was PetroCanada but exceeded them when they were Suncor. The merger gets the great assets of Petrocan and the great management of Suncor. Starting to beat expectations.
PAST TOP PICK
(A Top Pick May 6/09. Up 8.6% excluding dividends.) Bought on it being a turnaround, which is working. Low risk because of their real estate, which will support it on the down side.
PAST TOP PICK
(A Top Pick May 6/09. Up 37% excluding dividends.) Largest global generic manufacturer. Made acquisitions that strengthens them geographically. Trend towards generics is going to continue.
PAST TOP PICK
(A Top Pick May 6/09. Up 37.2% excluding dividends.) Specialty property/casualty company that is highly profitable. Making money on their insurance in addition to their investments.
DON'T BUY
Don't buy stocks on the way down. Also, he believes in the cockroach theory in that there is never just one. He expects more things to come out on this company.
DON'T BUY
Like the other integrated oils globally, hasn't been a great performer in the last several years. Very dependent on heavy oil and the spread between heavy and light sweet oil has widened. Also don't have any great exploration going on. (See Top Picks.)
DON'T BUY
Banks have gone up too far when people were chasing yields. Would prefer to see it in the $60's. Too early at this time.
SELL
European crisis probably won't help, but this is mainly a domestic company. The ultimate discretionary product. Ahead of its earnings.
DON'T BUY
Canadian banks are far better quality. If you want to be involved in the US banking sector, this one is okay but he would prefer JP Morgan (JPM-N) or US BanCorp (USB-N), which are higher quality. If the market weakens, financials are going to leave it down so wait.
BUY
State owned oil company in Brazil. Had a big run-up a couple of years ago when they had some big discoveries off the coast. Has fallen off and a good time to get some oil stocks. A good name.
BUY
Gold prices are starting to go up to their old highs of a few months ago. This company has held back compared to some of the others. High quality stock.
BUY
A great company to own. Just announced an increase in dividends. Pure play on the price of oil. No exploration risks. Output is going to go up over 20% in the next 10 years.
COMMENT
Typically when there is a disaster, like the oil spill, the market sells first and asks questions later and tends to overdo it on the down side. Not sure if this is at the bottom or not. Has come up on his radar. Great dividend.
PARTIAL SELL
Never been a fan of this company, the business model or the outlook for them. Trying to diverse away from the “book” and getting more internet related. Worries they go from being a monopoly in print to being just another name on the Internet. If a big part of your portfolio, look to diversify.
BUY
One of the few companies that have gone from being a trust to a corporation and still have it high payout with a promise that as the earnings do better to build the payout.