DON'T BUY
A horrible story for the past year. Undisclosed problems in their annuity business and now have problems in their US healthcare. Wait until you see the rise off of the flat line.
HOLD
Nice recovery in the share price and add a near all-time high. If you are a long-term income investor, continue to Hold. Good company.
COMMENT
Announced the future long-term payout and it is a reduction and is built into the stock price. Longer-term he expects to see consolidation of regional Bells into the larger players. Very well run. Doesn't have cellular, which is the growth element in the marketplace.
COMMENT
Stock price increase reflects a shortage of quality yields in the market. Pipelines have very predictable cash flows and CapX.
DON'T BUY
Has a great deal of difficulty in replacing production.Management is from the telecom industry creating some uncertainty as to their future plans.
BUY
REIT stocks have been pushing up to 52-week highs so this one is performing in line with its peers. Capable management. Conservative payout ratio so the dividend is rock solid and expects distributions to grow.
HOLD
Has had a pretty nice run. No debt. Announced they are going to be a stapled unit, which could create a bit of risk in that it is not known what CRA is going to do about it. A growth with income element, which he likes and long-term.
TOP PICK
Sharp decline over the last 3 months. Disappointed in production and there is likely a distribution cut. Wait for the cut and use this as a long-term play on energy. Would expect a yield in the 4%-5% area.
TOP PICK
Trucking volumes are rising.
TOP PICK
Gives a dividend that is 30% above the 10-year treasury yield. No net debt. Gives a long-term option on global growth.
PAST TOP PICK
(A Top Pick Dec 14/09. Up 17.53%.) Still likes.
PAST TOP PICK
(A Top Pick Dec 14/09. Up 19.37%.) Still likes.
PAST TOP PICK
(A Top Pick Dec 14/09. Up 15.97%.) Still likes.
HOLD
Got caught up with the malaise around ManuLife (MFC-T) but feels the selling was overdone.
N/A
We had been in a fairly wide trading range since fall of last year and now have broken out of it. He favours energy because price of oil has moved up quite nicely and is sustainable. He can see oil hitting $90 and maybe even $100 by end of 2011. Calgary and Alberta-based companies are quite exposed to Nat Gas. A lot of their valuation models have an expectation of higher gas prices. It could get to $3 or less.