HOLD
Multinational bank that didn't blow itself up. About 5.4% yield. Selling at about 8X earnings. The real attraction is its Latin American businesses. Exposed to 2 Western European markets with bad housing, Spain and UK. Leave up for 18-24 months before buying.
DON'T BUY
Any infrastructure program in North America is going to help and could very well get back to $70. However, demand for steel is not growing.
BUY
US will have to get oil from somewhere. Could be problems with offshore drilling programs after the Gulf spill. Pipelines, despite leaks, are the safest, most environmentally effective and cost-effective way of transporting oils and liquids.
BUY
Their reaction to leaks has demonstrated a very acute sense of political survival. Pipelines, despite leaks, are the safest, most environmentally effective and cost-effective way of transporting oils and liquids.
BUY
Silver ETF. Great thing about this is that you get 10 ounces of silver. A pure play and you don't have to worry about individual companies operations. On the other hand, if you have a Silver company, you get the leverage.
DON'T BUY
Never really made anyone money unless you get it at the right stage in the cycle. Put stuff in boxes at very small margins for electronic and computer companies. When margins are squeezed, they squeeze Celestica’s margins.
TOP PICK
Bought Can-West assets fairly cheaply for content. Has cash gushing out of its ears now that it is built out the additional network. Also getting wireless giving it a quadruple play bundle. Almost 4% yield.
TOP PICK
Chinese bought 90% of Syncrude and they own 36.7%. 7.7% distribution. Good entry point.
TOP PICK
If you believe in the whole food story, this is one of the companies that makes the augurs and grain bins. Business is up 16% over the last year. Only 25% of grain is professionally stored globally so the market for this is enormous.
PAST TOP PICK
(A Top Pick Aug 25/09. Down 1.83%.)
PAST TOP PICK
(A Top Pick Aug 25/09. Up 18.44%.)
PAST TOP PICK
(A Top Pick Aug 25/09. Up 31.5%.)
COMMENT
S&P Financial ETF. An excellent way to get exposure to financials if you are underweight.
COMMENT
Market. In a trading range for the time being. Valuations are not expensive. Some economic uncertainties but also some decent economic numbers from manufacturers although Labour and housing are a bit weak. Doesn't expect a double dip recession but sees the economy as slowly grinding higher.
TOP PICK
One of the best growth stories in the Canadian retailing space. 600 locations. Will be introducing point of sales scanning next quarter which will result in better margins, inventory control, etc. Long-term growth is forecast at 15%.