Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Barry Schwartz and Bruce Campbell (1) commented about whether NXY.TO, T.TO, K.TO, RY.TO, POT.TO, UUU.TO, GWO.TO, BB.TO, COS.TO, BA.TO, MFC.TO, MAA.TO, SU.TO, YRI.TO, TD.TO, REI.UN.TO, CPG.TO, PDN-T Unlisted, SC.TO, ELD.TO, IAG.TO, SCL.TO, ATRL.TO, BCE.TO, ECA.TO, TRP.TO, HPQ, TCM.TO, MRC.TO, MX.TO, SBS, IMN.TO, CSCO are stocks to buy or sell.
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PAST TOP PICK
(A Top Pick Sept 15/09. Down 14%.) Uranium. Probably the only metal that hasn't recovered from its bottom. 2nd largest producer. Expecting consolidation in the sector and this would be the most likely target.
Bruce Campbell (1)Owned
metal mines
TOP PICK
A lot of growth from water flood from Bakken and Shaunevon sites. Because it was a trust, it still has a pretty high dividend. Stock is temporarily depressed because they did a couple of issues to pay for acquisitions. Now have 10 years of drilling.
Bruce Campbell (1)Owned
oilgas
TOP PICK
Largest and oldest REIT. Shopping centres. So big in Canada that they’re starting to dip their toe into Texas and Pennsylvania. These are accretive acquisitions. About 7% yield. Great place to hide in this environment.
Bruce Campbell (1)Owned
property mngmntinvestment
TOP PICK
Just reported very solid numbers. Likes the US where they are quite profitable. Could see $80. About 3% yield and is almost certain they will raise the dividend in 2011.
Bruce Campbell (1)Owned
banks
COMMENT
After Petrocan acquisition they’re selling gas and non-core assets and retreating to being primarily oil sands. Very good at it and one of the lowest cost producers. If oil prices get back to oscillating between $70 and $85, this will probably go back to the $39-$40 level. (See Top Picks.)
Bruce Campbell (1)Owned
integrated oils
COMMENT
Has rebounded off the bottom with a potash speculation of being a good takeover. In negotiations with the Chinese company Complant (?) to finance their plans for their Congo mine. Stock is $.70 if a deal is signed and $.25 if they don't. Speculative.
Bruce Campbell (1)Owned
other mines
BUY
There will be some tax loss selling, which will put pressure on the stock. Disclosed last quarter that not only does it have equity risk because of lack of hedging, but also have US treasury interest rate risk if rates go down. A Buy at these prices.
Bruce Campbell (1)Owned
insurance
COMMENT
Reasonable dividend. Announced what the dividend cut will be after they convert and there is probably not a lot of danger. Lack of growth but because they are a wire line business, there could actually be a slow decline. Doesn't expect BCE (BCE-T) are in any particular hurry to acquire them. 11.4% yield.
Utilities
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