(A Top Pick July 13/09. Down 26.44%.) Have to be a little concerned about how well the Google (GOOG-Q) Android phones are doing. Smart phone market is still growing at a great rate. Trading at 8 to 9 times earnings. Company is still growing effectively at 25% a year.
Have a new iron ore mine coming into Quebec. This one makes sense even with iron ore at $80 a ton. China is coming back in and the global economy is growing. Lots of cash.
Put some good orders in, in the last week so it looks interesting. Not a top choice as he thinks the airline industry will be shrinking on a longer-term basis. On a valuation basis it looks pretty good.
On the basis of earnings it is trading a little bit cheaper than the rest of the group. All oil stocks have gotten cheap lately. Wouldn't own this one.
Expects more corporate activity in the gold sector and this one stands out as a takeover target based on net asset value. Good quality assets. Feels that golds are coming back down and you look at them again in the fall.
Trading at 6X earnings. Because they have so much away from the Gulf and their liabilities are somewhat limited and if you can stomach the volatility in the short term, you should make money buying it under $50.
Looking to acquire about 50% of 2 uranium mines in Russia giving a $1.06 dividend. Uranium prices are on the verge of turning up. Can see it getting into the $3.50-$4 range.
Recently did a financing, which has put a short-term lid on the stock. Growth is there on a cash flow basis. Wouldn't have a giant position on this but if oil prices continue to go higher, they'll do well.
Lower growth but the dividend is safe. If your expectations for capital returns are not particularly high (but you will get a safe dividend), this is fine.
He recently lightened up on fertilizers because he is concerned that prices are going to be softer in the back half of the year. Missed their production and shut their mine. He would prefer other base materials such as coal, base metals, etc.
Paying around 100% of their earnings out in dividends and that is always a worry. Also, there is no growth here. There is a lot more wireless competition in Canada. Doesn't own any telecom stocks in Canada right now.
