TOP PICK
Top-notch management. Properties in Nicaragua and Costa Rica. 130,000 ounces of gold production already. Great relationship with governments, which will open a whole bunch of new properties. About $70 million in cash.
TOP PICK
Now that they have the duals class shares out of the way, this is a great opportunity. Trying to diverse more internationality from where they are. (50% North America and 25% Europe.) Moving into the BRIC countries.
TOP PICK
Networking. $8 million market cap. Earnings continued to surprise 6 straight quarters. Rumoured as a takeover play.
PAST TOP PICK
(A Top Pick Feb 2/10. Up 14.99%.) Still Likes.
PAST TOP PICK
(A Top Pick Feb 2/10. Up 28.8%.) Still likes.
PAST TOP PICK
(A Top Pick Feb 2/10. Up 14.99%.) Still likes. Thinks its time is due.
COMMENT
Stock has been a surprise to a lot of people by tripling. Just did a debt offering. Has always stayed away from airline stocks. Analysts have a target for $7.50, which he believes, but he would rather own something else. In about 2-3 years they’ll be back to the drawing board trying to raise money again and restructuring.
COMMENT
Had a tough year. A tax-loss selling candidate and he’ll be looking at this fairly seriously going into the tax loss-selling season. (To Buy? Ed.) Likes it. Have few accounts that own a little bit.
HOLD
From a larger perspective there are 2 stocks, Suncor (SU-T) and this one, that you could own for a very long time but neither have delivered any significant returns this year. This would be his 1st choice of these two but there are better ones, such as Crescent Point (CPG-T) out there that gives a 7% yield while you are waiting.
DON'T BUY
Has interesting future. If you own, don’t average down. You’re better off with a Wells Fargo (WFC-N) or CitiGroup (C-N)
HOLD
Had a couple of headwinds. 1) Price of oil has been in a trading range and 2) waiting to see if they’ve swallowed Petrocan properly. Probably about to sell off its Syncrude portion and bring in a couple of billion.
BUY
Agriculture space is something you want to own. China’s food prices increased by 10% in October. Can probably reach new highs.
COMMENT
Stop Losses. These are always very controversial. He doesn’t place Stop/Losses into the market but holds them out to the side. If you have a line in the sand on which you want to get out, have your own reminder. You can always get back in.
HOLD
Has been in the news recently when one a former Canadian based analyst went into the US and gave a glowing report. RIM is yesterday’s technology and is playing catch up with Apple (AAPL-Q). PlayBook looks really interesting but not sure how much a 7” screen is going to entice people to make the switch. If you own, hold until the release of the PlayBook but be very tight with your Stops.
HOLD
Recent results were not too bad. Added to their 2P reserves, proven and probable fairly significantly. Finding and development costs were competitive at under $12. Well run company. Have the cash flow to cover the dividend.