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COMMENT
Market. Just saw statistics that indicated despite the volatility last week, Bulls went from 47.3% to 46.2% and Bears didn't tick higher. This indicates complacency in this market where people are assuming things will ultimately go higher but there are some risks in the market right now. The interest is in yield rather than in capital appreciation.
COMMENT
Finning (FTT-T) or Toromont (TIH-T) for long-term growth and dividends? This area is a little tough right now. Industrial equipment has been pretty beaten up in the last few weeks. He would prefer Finning, which has the oil Sands in Alberta as well as South America where they have a ton of mining. Toromont more focused on Ontario so there is some mining they can focus on but it is more construction, etc.
wholesale distributors
COMMENT
Finning (FTT-T) or Toromont (TIH-T) for long-term growth and dividends? This area is a little tough right now. Industrial equipment has been pretty beaten up in the last few weeks. He would prefer Finning, which has the oil Sands in Alberta as well as South America where they have a ton of mining. Toromont more focused on Ontario so there is some mining they can focus on but it is more construction, etc.
machinery
COMMENT
Gold. Looks like it is going higher and is benefiting from the current environment. Prefers physical gold to producers. Costs of bringing in new mines have gone up and increasing gold prices have not offset this. His preferences are Yamana (YRI), Eldorado (ELD-T), Allied Nevada (ANV-T) and Kirkland Lake (KGI-T).
TOP PICK
One of a handful of consumer goods companies that has pricing power and global growth. Growing very nicely in Asia and growing the best right now in Europe and are winning market share in the US. Margins are expanding. They own all the properties that their stores are on, which they rent to their franchisees. Huge free cash flow and they keep buying back stock.
food services
