BUY
Has become the 10th largest engineering firm globally. There are a lot of things getting built in the world that need engineering services. Do very well in China and all the developing parts of the world. This is a good time to buy.
HOLD
The general view is that this company is very good at making the auto industry more efficient. If you own, it would be worthwhile to be patient with it.
TOP PICK
Not for the faint of heart. North Sea oil producer. Ramping up its production quite dramatically over the next year, year and one half. Very well managed. Will potentially get back to $3. Buy it for an 18 month hold and don't put your life savings into it.
TOP PICK
Mid stream processor. Extracts natural gas liquids and sells it, essentially near the oil price. Very good business. Pays a good yield.
TOP PICK
Had a very good quarter based on their copper and coal. An enormously good play on China and Asia. Likes how they came through after acquiring Fortis. Very good management team. Hoping to sell at in the mid-$60's.
PAST TOP PICK
(A Top Pick July 19/10. Up 35.2%.) His largest and favourite holding. A real gem over the next few years.
PAST TOP PICK
(A Top Pick July 19/10. Up 6.59%.) Still likes but has been moving into the Corporate Bond ETF (HAB-T).
PAST TOP PICK
(A Top Pick July 19/10. Up 17.5%.) Still likes.
COMMENT
Make trains and planes and trains are good for cash flow, but lousy margins while the planes have good margins but not good cash flows. You rarely get a market where they are selling big volumes in both trains and planes at the same time. If you are going to own it, be in it for a short pop only your it
BUY
Would be happier to see oil at $90 because of the effect on motorists in a slowing economy. This and Husky (HSE-T) are probably the most undervalued energy companies.
COMMENT
Thinks this is down generally because of the market malaise. Doing an excellent job of becoming more efficient and competitive. Expects there will be no dividend cut, but gradual dividend increases.
BUY
Now in a buying range. (Just bought some.) Movie industry in North America is very soft in the 1st 2 quarters compared with 2 previous years, partly due to Avatar, which was a huge driver in 09. Box office now starting to pick up and there are some big movies coming out. Lots of room to raise the dividend.
COMMENT
Got out of this when they were misstating their acreage a decade ago. He questions if they are misstating something small, there could be other larger things as will. If you are in this, be very nimble.
HOLD
2 things he worries about. Shifting where natural gas is being found in North America means they are having significant trouble filling their main gas line from Alberta. They have a big natural gas plant in New York and have recently been hit with what they feel are very unfair rate issues. Feels the Keystone project will get green lighted.
TOP PICK
Likes exposure to met coal and copper longer term. These are commodities that China needs.