BUY
Thinks it is oversold but has not been adding to his holdings. Has become sort of a classic value trap. Sentiment probably can't get much more negative. Growing revenues and earnings at 25% and trades at 8X earnings. If you have the stomach for the volatility, it will probably work out.
BUY
This is his favourite insurance company. He would prefer to buy it at $24 but it doesn't have the same leverage and credit issues that Manulife (MFC-T) and Sun (SLF-T) have. It is the most likely to raise its dividend sooner. Good ROE. $28-$29 in 1 year.
HOLD
A special dividend of $1.06 will be paid because of the Kazakh deal and the stock will drop to about $2.50 which is the asset value. From there it becomes 1) a consolidating play or 2) at play on the price of uranium.
PARTIAL SELL
BHP Billiton (BHP-N) would like to acquire them but the market is indicating the price should be closer to $160-$165. If you own, you could sell half your holdings at the current price and hope for a higher takeover on the balance.
COMMENT
2 concerns. They are most highly levered to capital markets but he can live with that. His biggest concern is that they're losing money on their US retail side. This needs some fixing. (See Top Picks.)
COMMENT
Thinks it got oversold and has started to pick back up. Acquiring Red Back Mining (RBI-T). If they didn't overpay and they can prove up reserves and you like the price of gold, this is the cheapest senior gold by far.
HOLD
Good solid hold and won't go down much in the correction. His favourite is Rogers (RCI.B-T), which has better growth and almost the same dividend.
BUY
Has had a lot of trouble with Long Lake. Coming but it's slow. A statistically cheap oily stock that, if it can fix the problem, will have a lot of opportunity. Not fixable in 1 quarter. Trading at a discount to NAV.
COMMENT
Market. He is looking for a 5% correction in the market.