Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Charles Dillingham and Paul Gardner, CFA commented about whether CLIQ.TO, EXE.TO, CRR.UN.TO, FC.TO, MBT.TO, D.UN.TO, TRP.TO, BA.TO, HR.UN.TO, BNS.TO, AX.UN.TO, WRK.UN.TO, SIA.TO, KMP.UN.TO, S.TO, BEI.UN.TO, CGX.TO, KRE.UN.TO, CAR.UN.TO, REI.UN.TO, CUF.UN.TO, BAM.A.TO, FCR.UN.TO, BPO.TO, SRU.UN.TO, CMQ.UN.TO, INN.UN.TO are stocks to buy or sell.
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BUY
Only one in Canada exposed to the hotel market that is well run and diversified. Numbers haven't been great but they are survivors and he thinks they will maintain their distributions. 7.7% yield.
Charles DillinghamOwned
investment companiesfunds
BUY
Low payout ratio and relatively conservative product mix. Good at managing properties. Doesn't expect much to happen with this. 8.8% yield.
Charles DillinghamOwned
REAL ESTATE
COMMENT
Calloway (CWT.UN-T) versus RioCan (REI.UN-T)? RioCan is feeling very challenged as it can't find any growth in Canada so are expanding into the US. Calloway has always had more sites than they were using and have the Wal-Mart relationship allowing them to expand. For immediate growth and a better economy in Canada, Calloway has the advantage. Very close to being the same. Fully valued.
Charles DillinghamOwned
investment companiesfunds
TOP PICK
Very good yield at 8.6%. About 100% payout ratio and it's highly likely they will be bringing this down. Very sharp management.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
Geographically diversified. Trading at a multiple of 16. 3.7% yield.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
Apartments and gets all the benefits of CMHC financing. Starting to grow in Ontario. About 85% payout ratio and a sustainable 6.1% yield.
Charles DillinghamOwned
property mngmntinvestment
PAST TOP PICK
(A Top Pick Sept 3/09. Up 32.07%.) Wonderful hands on management.
Charles DillinghamOwned
property mngmntinvestment
PAST TOP PICK
PAST TOP PICK
(A Top Pick Sept 3/09. Up 24.99%.) Wonderful management. Has cheap land available for growth.
Charles DillinghamOwned
investment companiesfunds
BUY
Calloway (CWT.UN-T) versus RioCan (REI.UN-T)? RioCan is feeling very challenged as it can't find any growth in Canada so are expanding into the US. Calloway has always had more sites than they were using and have the Wal-Mart relationship allowing them to expand. For immediate growth and a better economy in Canada, Calloway has the advantage. Very close to being the same.
Charles DillinghamOwned
property mngmntinvestment
HOLD
Apartments. Always has serious questions on whether they are doing the proper thing on renovations and keeping things up and always spends more than they earn. Not cheap so wouldn't be rushing into this one.
Charles DillinghamOwned
investment companiesfunds
DON'T BUY
Their parent company, which owns about 50% of the tenants, is in serious financial trouble. He has held off buying although he does own some of their convertible debentures.
Charles DillinghamOwned
income trust
PAST TOP PICK
(A Top Pick Aug 12/09. Up 43%.) Almost like a monopoly in Canada. Have added revenue and margins because of the 3-D effect. Concessions are very good. Recession resistant and a great defensive stock.
Paul Gardner, CFAOwned
other services
PAST TOP PICK
(A Top Pick Aug 12/09. Up 38%.) This is a story where you can sleep at nights. Participated in the recovery in Alberta with the mining and oil sands. Pristine balance sheet. Lots of cash to buy back shares.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
(A Top Pick Aug 12/09. Up 43%.) 7.75% bonds maturing October 2015. The big price movement has already occurred but it still trades as a high yield bond. Cheap relative to investment grade credit.
Paul Gardner, CFAOwned
integrated mines
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