DON'T BUY
He disagrees with the markets on rails. He doesn’t see the reason to be all excited about rails. CP is more commodity related and more Canadian, whereas CN has more US presence
DON'T BUY
Compares poorly with Canadian telcos. Its network is terrible and in need of a huge upgrade.
DON'T BUY
It’s tough enough in non-controversial oil companies. Adding the controversy is a layer he doesn’t need.
BUY
Likes the telco area in Canada and likes them for the income. Likes the stability and defensive characterizes.
BUY
Well run company. Caters to those who are entrepreneurs and immigrants. Chomping on the bit to raise its dividend.
DON'T BUY
The dividend was not really safe, so he sold it. Core business is ok, but Allstream is their problem child and why they cut the dividend. It may be rebounding because it got so low that people may think it looks attractive.
DON'T BUY
Copper Prices: Is miss defined. The bond market is saying the outlook for economies are not promising, then you have the rails doing well. It may be China stock piling. He doesn’t think it is a good play.
BUY
Continues to hold it. One of the attractions is the huge cash flow that comes through it. Expects further dividend increases.