TOP PICK
3rd quarter was in line. Have gone through the big CapX of their HSP overlay. Good free cash flow and attractive yield of about 4.6%.
TOP PICK
Knocked the ball out of the park for 3 consecutive quarters in earnings growth. Increased content per vehicle. Will try to improve margins in Europe.
TOP PICK
Strong leader in domestic franchise. Better earnings growth than most of the other banks. Comfortable with their US exposure.
WAIT
Operates in 4 divisions. Challenges in their building division hurt them. This quarter had some problems in their Industrial area. Very large backlog but there is some margin pressure. Needs to see a couple of more quarters.
DON'T BUY
Just sold his holdings. Had lots of potential but had a significant production slip up last quarter. Not comfortable with guidance they will give for next year. Too pricey right now.
DON'T BUY
Lagged the golds. Now have a dividend, which will be of interest to some investors.
BUY ON WEAKNESS
Stock price reflects a lot of good news but in order for it to go higher, they would have to expand their capacity, which will take a number of years. Would consider in the $20 range.
SELL
Longer term it looks interesting but he needs a better understanding of the decline rates. Decline rates now are closing in on 40%, making it difficult for them to grow. Spending a lot on exploration in the Cardium with some results being just OK. Needs to see some improvement out of the Cardium.
HOLD
A lot of mining stocks are bumping up against where he thought they would be. Wouldn’t put new money in at over $50. Likes their prospects. Good copper and coal exposure.
DON'T BUY
Not enamored with this one. Have some operational challenges with some of their properties. Prefers Goldcorp (G-T) because over the next 5 years they will be growing production by about 60%.
BUY
Most REITs have done exceedingly well because of lower interest rates. Yield of around 6%.
PAST TOP PICK
(A Top Pick Oct 22/09. Up 28.21%.) Still likes.
PAST TOP PICK
(A Top Pick Oct 22/09. Up 11.81%.) Still likes.
PAST TOP PICK
(A Top Pick Oct 22/09. Down 29.88%.) Sold most of his holdings in this. Fully valued.
TOP PICK
Good value and will overcome their problems. Trades at about 60% of BVand 1X tangible Book Value. Good earning power and looking for $1.50 next year. Can earn $2-$3 a share on its current asset base.