Constantly developing new seeds and tremendous new productivity for farmers globally. Great company. Too rich for his values at 20X this year's earnings and 18X next year’s.
Manufactures carbonated carbon for use in scrubbers in coal fired electricity plants. Also have a UV water purification business. Green initiatives that are gaining steam. Expecting US emissions standards to be tightened further in 2012, which could lead to a doubling or tripling in demand for granulated carbon. Trades at around 15X earnings.
Oil services. Although drilling is still on the slow side in the Western Canadian basin, they are involved in fracturing where demand is still up over last year. Grown tremendously since its IPO of about 4 years ago. Looking at earnings of $.70 plus this year.
Were concerns about FinReg and fees that car companies were going to be able to charge so it sold off and hasn't recovered since. Trading at 14.5-15 times earnings. Still lots of global growth for this company.
(A Top Pick Oct 21/09. Down 14.11%.) Recently announced 18% growth and hitting their objective but the stock sold off to 11-12 times earnings. Still a Buy.
Pretty fairly valued at this time. Thinks the worries are over with this one. The capital business has shrunk a little. Still a great global company. Will probably see very slow growth in the multiple.
Chances of buying back shares are very, very slim. Major concern is their capital ratio, which is still comfortably ahead of the Superintendent of Insurance mandates. This one is a play on the market. If you are positive on the market, you have to own this one.
Hedging US $’s? Currencies fluctuate. There are ways to hedge such as shorting T bills in cross currencies but overall the effects of currencies over a long period of time are rather minimal. He has not hedged as yet.
Microsoft (MSFT-Q) takeover? Would be a natural fit for them but he would rather not see that happen. Extremely undervalued. Positives of international growth and penetration into Asian and Middle Eastern markets have been ignored. Expects stock to do much better in 2-3 years. Will lose market share in smart phone sector but that market is growing big enough for them to retain very positive and strong earnings growth. Trading at 9X earnings.