Latest Stock Buy or Sell? Make More Informed Decisions!

Today, David Baskin commented about whether ATRL.TO, NA.TO, ACM.A.TO, POT.TO, EMP.A.TO, CNQ.TO, UFS.TO, CCO.TO, BAC, TECK.B.TO, HCG.TO, PPL.TO, VOD, TEF, SLF.TO, TRI.TO are stocks to buy or sell.

COMMENT
Market. Canada has had 10 months without any significant correction. Market doesn’t go up forever. He is telling his clients that there will be a period when the TSX goes down 700-800 points (5%) in a couple of weeks. Not unexpected. This could be that period. There is certainly a big liquidation in the commodity space. Long term secular trend is that China is going to continue suck up everything it can. Feels the current market turn, with liquidation of precious metals and oil, is a short term correction of speculative excess.
DON'T BUY
Views this as one of the great value traps of all time. Has always looked cheap. Has been a no-where’s stock for the longest time. Made the conversion from ink on paper to digital media. May take 10 years to break out.
BUY
Insurance companies make a lot of money by reinvesting proceeds of their premiums until they have to pay them out. When interest rates are low they make less. Expects we will go into a period of higher interest rates, which gives insurance companies the opportunity to reinvest at a higher rate of return. If you are a dividend investor in for the long term, you should own some of both Sun Life and Manufacturers (MFC-T).
COMMENT
An interesting thing he is seeing in mobile devices is the increased use of band widths and these companies get into the business of reselling this. He is a believer in this space.
COMMENT
An interesting thing he is seeing in mobile devices is the increased use of band widths and these companies get into the business of reselling this. He is a believer in this space.
DON'T BUY
This is an income play. Reasonable yield but relatively low growth. If you believe inflation is coming and interest rates are rising (he does), this becomes less attractive over time. He plans to reduce his exposure to low growth income plays.
STRONG BUY
Non-standard mortgage originator. Just reported very strong earnings. Loan loss ratio has been terrific. Trades at a lower multiple than the banks with a much lower dividend yield (1.2%).
BUY
Likes both the coal and zinc stories. Feels the demand for steel will be very supportive of metallurgical coal. Demand for metals in Asia will support the price of zinc. Well managed, Balance sheet is coming back into shape.
DON'T BUY
Still too early to buy. You still have to wait at least another year or two to see how the mess plays out. All the big US banks are effectively black boxes and nobody really knows what their assets are or what they are worth. Their earnings are subject to re-statement if they find out if they’ve overvalued these complicated securities, which they still own.
BUY
This is a case where emotion has gotten in the way of reason. Global nuclear reactors are not going to be shut down. There will be a uranium shortage going forward. This is the power of the 21st century.
DON'T BUY
Paper manufacturer. During the bad times, they closed down a lot of inefficient plants and are benefitting from very low pulp prices. Easy money has been made.
TOP PICK
Well off its peak because their results were impacted by the big breakdown in their oil upgrader. If they are in full production next year, can see them trading at about 4.5 -5 times cash flow. Also, you are getting 40-50 years of oil reserves.
TOP PICK
Sobeys grocers, Crombie REIT, Empire cinemas, etc. Grocery stores have been in a price war. Loblaws (L-T) reported better margins, so expect this will too. If you count all the pieces of this company, they add up to much more than the stock price, probably $70-$75 a share.
TOP PICK
Fallen almost 20% from where it was recently, but the story is still in place. Reported to have 200 years of reserves in the ground. Stock is down. Demand is going to be steady and is going to grow from Asia. There is a lot of talk about world food shortages, which means demand for fertilizers and agricultural products can only increase.
PAST TOP PICK
(A Top Pick May 10/10. Up 7.15%.) Good stable of TV channels, radio stations, billboards, etc.