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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Tony Demarin and Ara Nalbandian commented about whether HPQ, IBM, MFC.TO, JNJ, DEO, SJR.B.TO, DOW, BP, BCE.TO, MA, TEVA, CGX.TO, BA, ARE.TO, POT.TO, BB.TO, WN.TO, MRK, MSFT, BBD.B.TO, ATB.TO, TRP.TO, CPG.TO, MDT, Y.TO, SC.TO, ENB.TO, CNQ.TO, BNS.TO are stocks to buy or sell.
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TOP PICK
Likes Cdn banks and their history of growing dividends. This one is well run and one of the lowest on a cost to income basis. Conservative with their credit quality. Good growth opportunities in non-North American areas. Want to expand in wealth management. Trading at about 12X earnings. Expected to raise dividends again in 2011.
Tony DemarinOwned
banks
TOP PICK
Growth primarily in oil sands area. Finished phase 1 of Horizons project with about 110,000 barrels a day. Phase 2 and 3 will raise that to .25 million barrels and 4 and 5 will bring it to half a million barrels a day. Strong history of increasing cash flow back to shareholders.
Tony DemarinOwned
oilgas
TOP PICK
World leader in generic drug manufacturing. Significant operations in Europe and the US. Made a couple of good acquisitions. Will benefit when other companies drugs come off patent.
Tony DemarinOwned
biotechnologypharmaceutical
COMMENT
Likes long-term outlook. Operationally doing well. Significant growth opportunities in Asia, primarily Vietnam and China. Biggest challenge is liability on variable annuities and segregated funds. Will be dependent on stock market growth (which he is optimistic on) as well as long-term interest rates, which will help.
Tony DemarinOwned
insurance
COMMENT
Recently sold his holdings when it got into the mid-$30's and raised dividends. Just acquired CTV so well now revaluate the situation. Challenge for telecom companies in Canada is that they are slow growing. Replacing wire line with faster wireless, which has much more competition in the next couple of years.
telephone utilities
DON'T BUY
When Ontario government announced they were going to change the rules on generic drugs he took the opportunity to exit the stock and assess the landscape in the next couple of years. Expect other provincial governments will follow. Still good growth opportunities in Western Canada. Well managed, pays a dividend and trades at a reasonable multiple but he would like more clarity on the rules.
specialty stores
COMMENT
Will convert on Nov 1st to a dividend paying company. Will reduce cash payments from about $.80 to $.65 in the form of a dividend. Distributable cash next year will be close to $1. Fantastic yield. Trying to transition from old media print style company to an on-line web based advertising. Would hold this only if you are interested in the yield.
communicationsmedia
BUY
Well run leader in global medical technology including diagnostic testing and medical equipment used in surgeries. 25-year history of increasing dividends annually. Strong Cdn$ makes it an attractive buy. Good entry point.
Tony DemarinOwned
biotechnologypharmaceutical
BUY
Good yield and a history of increasing cash flow and dividends. Primarily involved in natural gas pipelines. Also has a power division with good growth opportunities in the next number of years coming from hydroelectric projects.
Tony DemarinOwned
oilgas pipelines
TOP PICK
(A Top Pick Aug 19/09. Up 2.3%.) Premium nutritional products manufacturer. Trading around 8X earnings. Well managed. Had a couple of tough quarters with the weakness in the euro but that has turned around. Hoping to have 20% of the US market. Organic and acquisition growth.
Ara NalbandianOwned
Consumer Products
TOP PICK
Transportation side is doing well and they keep adding contract wins. Expects the catalyst will be from the aerospace side, specifically the C series that is under development. Targeted to launch in 2013 and will be a significant driver on their free cash flow generation.
Ara NalbandianOwned
transportation equip & components
TOP PICK
Generates $20 billion in free cash flow this year and $23 billion next year. Trading at a very low multiple. Returning the free cash flow in the form of share buybacks and dividend increases.
Ara NalbandianOwned
computer softwareprocessing
PAST TOP PICK
(A Top Pick Aug 19/09. Up 15.9%.) Merged with Schering-Plough and the combination produced a pipeline that is incomparable in the Pharma sector. Will have sustainable growth for many years to come.
Ara NalbandianOwned
biotechnologypharmaceutical
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