BUY
Reverse mortgages. Very well run. Have a banking license now. Decent dividend.
SELL
In the nutri-ceuticals environment with drugs, health foods, etc. Hard to read how the market place is playing out in this sector. Prefers Paladin Labs (PLB-T) and would into this one instead.
BUY
Fantastic company and is moving onto emerging markets.
HOLD
Missed on its 3rd quarter so the stock sold off. Had bottomed 2 or 3 quarters ago and felt earnings should be in ascendancy right now. Not going lower but also not rising materially either. Still a “show me “ story. Sold some of his holdings.
WATCH
Was in the penalty box. Had got itself pretty levered and there were concerns about growth. Rapidly getting out of the penalty box now by looking after its debt. At the top of his Watch list right now.
BUY
Has certain franchising capital market, which he finds attractive along with a retail banking operation but to him Cdn banks don’t look much different from each other. However this one is the cheapest.
DON'T BUY
Would recommend that you stay away from this one because there is no predictability from year to year on their earnings.
BUY
Expects next year will be better than this year and gives a nice distribution.
PAST TOP PICK
(A Top Pick Dec 3/09. Up 270%.) Lends money to those who don’t qualify for regular car loans. GPS technology is used to turn the car off in the event of non-payment.
PAST TOP PICK
(A Top Pick Dec 3/09. Down 15.6%.) Sold his holdings at around $1.75 when they had a lousy 2nd quarter.
PAST TOP PICK
(A Top Pick Dec 3/09. Down 5.6%.) Sold his holdings.
SELL
In a merger agreement with Walter Energy (WLT-N) and doesn’t expect there will be any more offers. If you own, take your profit.
DON'T BUY
Fairly heavily promoted stock, so there’s been a lot of push on it. Not particularly cheap and there’s still execution risks.
COMMENT
Not his favourite but if you like it that’s OK. Used to own.
BUY
Small gold that’s just getting started. Great little story. Great management and have some good properties.