Not trading very far off its book value and has a fairly strong fair market value. If things turn out badly, among the golds this will be more defensive than some of the more expensive ones.
As an income trust, their accounting is a little opaque. Expect it to do better after it converts to a corporation. Have been paying too much in distributions but expects this to end. Looking for a 5.5%-6% dividend.
SNC Lavalin (SNC-T) versus Aecon (ARE-T)? Doesn't like either of them. SNC fair market value has not been taking off because of infrastructure spending, which has been desperately slow in getting out. Still trading at 4X book. Less massive downside risk with Aecon but also doesn't have particularly good FMV.
SNC Lavalin (SNC-T) versus Aecon (ARE-T)? Doesn't like either of them. SNC fair market value has not been taking off because of infrastructure spending, which has been desperately slow in getting out. Still trading at 4X book. Less massive downside risk with Aecon but also doesn't have particularly good FMV.
Top Short Stock hasn't been able to stabilize after it had that sharp drop. Ontario is cutting off their rebates and it looks like the other provinces will be joining in. Looking for another 25% drop.
Based in Colombia, which he considers politically unstable. Fair market value as he measures it is quite high but you are paying for it as the stock is at 4X BV, which is about twice what the oil Index is selling at.
Despite all the good news the company keeps issuing, the fair market value and earnings forecasts keep slipping. Trading at a very critical juncture of $5-$5.50 and if it goes through there, there could be another 25% on the downside.
Market. He has moved his clients to something like 40%-50% cash. Stocks are high income and defensive. Also has a hedge on the market of about 10% through the S&P/TSX 60 Bear+ ETF (HXD-T).
If he could pick a stock at the bottom of the market, this would probably be the one because it remains a levered play on the stock market. Has enormous exposure to index linked insurance annuities. If market craters you can look to this one getting really hit but when the market turns it should outperform.
Greece affecting the US economy? Has already reached the US economy but hasn't erupted yet. A number of the US states are already in a debt crisis led by California.
Have its problems, not least of which are the banks that are muscling in and handling trades on their own. This also goes up and down with the stock market. Not particularly cheap.
Has gone with this one for quite a while and it has worked out quite nicely. If you are looking for a smaller Stock that was cheap, he would look to Yamana (YRI-T), which sells at 1.2X Book. (See Top Picks.)