TOP PICK
Standard for other REITs. Diversified. Disciplined. Looking for protection on his returns, not huge returns. Low debt and payout ratio of 68%. One of the safest places to be.
TOP PICK
Have their problems in that they have too much Calgary exposure. Borrowing everything they can get and buying everything they can to maximize their spread. Doing the job. High yield of 7.4%.
TOP PICK
(A Top Pick March 19/09. Up 27.43%.) When there was so much trouble, they had $6 billion in cash. Have a global platform. Balance sheet is in great shape. Wonderful platform to grow on.
PAST TOP PICK
(Northern Property (NPR.UN-T) was his Top Pick March 19/09 but he talked about this one instead. My records show this was NEVER a Top Pick of his. Not an easy guy to follow. Bill.) Has flattened out recently. Sold his holdings as he was a little skeptical on medical hospital holdings.
PAST TOP PICK
(A Top Pick March 19/09. Up 13.46%.) Sold his holdings, probably too early, but still have some of their convertibles. He was concerned about Industrials in Quebec.
BUY
For those looking for yield, this is more volatile. Based in Winnipeg, but have very diversified locations, which makes you wonder if they can manage them all. Feels they are survivors. Good growth. Good yield of 8.7%.
COMMENT
Sold his holdings because of high fashion components. A lot of development opportunities. Have always been dynamic. Finances are a lot better than they used to be. Not sure why it has dropped in price. Looking at it again at this price.
COMMENT
Recently got financing but Caveat Emptor. Do interesting things including 3 buildings in Quebec City. Will probably survive.
BUY
History of what they have done elsewhere is very good. Still to be proven but early evidence is very positive. Long term growth story is good.
HOLD
A long term REIT that he really likes. Being hurt a bit as it is having trouble growing. Also it’s core is in Edmonton. Percentage of condos going rental has been increasing significantly. Edmonton is improving with the pick up of the tar sands. Calgary is still soft. Low yield but payout ratio is low.
STRONG BUY
Industrial properties and industrial is one of the best areas to be in right now. Very good management. 7.4% yield is safe.
BUY ON WEAKNESS
Shopping centres inside communities. Very good name but the chart is looking a little tired. Buy this for the long term. Conservative and good balance sheet.
COMMENT
Market. In a sweet spot right now. Normally markets move higher from Oct 28 to May 5 each year. This year, on a technical basis, they clicked in a little bit later, Nov 18. Looking for a 15% move on the S&P 500 to $1,440 and 15,500 on the TSX. Moved all his cash into the market on Nov 18.
BUY
Starting to trend higher. Historically tech does very well from October to around the 2nd week of January each year and peaks when the Las Vegas electronics show is on so you want to take profits at that time.
HOLD
Currently in a short term trading range but the technicals are still very positive. If it breaks the trading range, which it is very close to doing, you could see it at around the $38-$39 level. Has very positive seasonality through until the end of December.