BUY
Likes cable sector as a defensive area. Healthy free cash flow and strong dividend yield. This one trades at a bit of a premium valuation compared to others. Concerned they are moving into wireless space, where they have not been, and will require a lot of CapX. Also just made a big investment in buying some of CanWest assets. Well run business.
DON'T BUY
Automobile/truck parts for conversion to natural gas vehicles. Very unproven concept and earnings are not there yet so it trades at a very high multiple. Speculative.
HOLD
Very high-quality business. One of the largest office property owners in North America. About 3.5% dividend yield.
DON'T BUY
Doesn't like the life insurance space right now. This one is a higher risk than its peers. High degree of earnings sensitivity to the equity market.
TOP PICK
One of the largest mobile companies. Very strong wireless business globally. Own 45% of Verizon (VZ-N), which at Some point there will be a catalyst for them to either sell their stake or for a dividend to be paid to them. Would result in significant cash flow. 7.4% yield.
TOP PICK
One of the larger appliance/furniture retailers in Canada with a 7% market share. Restructured balance sheet and got very long-term supportive investors in place. Last few quarters have been records. Generating a 20% plus free cash flow yield.
BUY
Long-term outlook is very good for the agricultural space. There is need for more food on a global basis with less arable land.
TOP PICK
Top Short S&P Midcap 400 ETF. Sees very good relative value in the equity markets in large caps and less attractive value in smaller and mid caps. This is an index/market hedge for him.
DON'T BUY
Equity market overreacted and the stock sold off more than would be justified by the potential economic loss. Difficult to assess the political risk in the US.
BUY
REITs. Real estate has typically been a good long-term investment. As trusts go away in January, there will be more desire for investors to find yield. This will be one space that investors naturally look to.
COMMENT
Natural gas. He would be inclined to go Long rather than Short on natural gas. A very out of favour commodity right now and there is a huge concern about shale gas supply but longer term, it is a very clean fuel.
PAST TOP PICK
(A Top Pick Aug 20/09. Up 53.22%.)
PAST TOP PICK
(A Top Pick Aug 20/09. Up 69.80%.)
PAST TOP PICK

(Top Short Aug 20/09. Down 83.90%.) Still sticking with it. Has a very small position. If the market weakens, this is one that will come off.

N/A
You have a strong, steep yield curve, which is strongly simulative, Federal banks are fairly accommodative and earnings are growing. But we have had this big move off the bottom and then we have this pause, which is the market adjusting to lower rate of growth. Markets will not necessarily go sideways for an extended period. Emerging economies will lead us up. Is thinking of putting money back to work.