TOP PICK
Owned in the past and it did him very well. One of the best and largest life sciences in the S&P 500. Once of the best assets in that space. A similar company was bought for a 40% premium. Government safety program, diagnostic equipment.
TOP PICK
Surveys suggest high response rate to buying an iPhone 5. Loves what is in store for apple during the next 3 months. Has a really strong lead that is going to be hard for people to catch up on.
PAST TOP PICK
(Top pick Sept. 27/10, Up 13.18%) Best known in Toronto for Liberty village.
PAST TOP PICK
(Top pick Sept. 27/10, Up 47.45%)
PAST TOP PICK
(Top pick Sept. 27/10, Up 43.56%)
N/A
Markets: A very tough environment for all investors. All kinds of conflicts. There are certain binary outcomes that are all or nothing and it is difficult for investors to factor the risks. This is one of those times when you don’t want to be all out there. Close to 40% of securities are income producing. Gold, Cash. It is a time to be in things that you could be comfortable in if things turn down. Earnings may decline in the fall.
BUY
Corn and Wheat prices had been quite strong. Fertilizer companies make a lot of sense. He would buy the stock. They beat the latest estimates. Longer term he thinks agriculture is a good place to be. He thinks there will be a forth quarter rally. He owns CF industries, AGU is more diversified. It is one of the few industries he is focused in.
DON'T BUY
Nat Gas is a tough business right now. In energy he has gone from overweight to underweight (8%). He wants a yield in energy stocks. This one is only 3%. The stock is not responding. The big producers are performing badly. He would prefer to stay away unless it has a bigger yield. Prefers mid-stream assets in energy.
BUY
Not the type of stock he buys. Wants higher growth. But technically all these tech stocks topped out in 2000, while growth rates have been slow. MSFT has grown earnings much more, multiple is quite low. It will under perform if tech stocks do extremely well. It is safe, though
DON'T BUY
Invests in mortgages on a leveraged basis. Tends to well in a falling interest rate environment. 15% dividend. Has owned in the past. Not now because lots of talk about trying to force American financing mechanism to the detriment to this company. A very, very well run mortgage REIT. IF you can assess risks, you could own it.
HOLD
Pulp prices have been quite strong and distributions have been very good. Believes distribution is safe. But if you look at this summer, weakness in economy would wash over this company.
DON'T BUY
Thinks integrated oil and gas companies will be under pressure. Own a pure producer. Prefers income-producing equities at this point.
PAST TOP PICK
(Top Pick Sept. 28/10, Down 17.82) Thought that market was improving with capacity to fill up. In Q4 it turned out they weren’t filling up. They weren’t able to hit the numbers so he exited. Business fundamentals were deteriorating.
PAST TOP PICK
(Top Pick Sep 28/10, Up 1.22%) He would buy today and will likely buy back. Is going to convert in January to a REIT. There had been concerns about cell company mergers for a while.
PAST TOP PICK
(Top Pick Sep 28/10, UP 14.60%) Would still buy it today. 40% revenues from China. Dominate fast food in China. Asian markets were the first to start rolling over so he got out. He is a little bit sorry it got out of it. They continue to execute very well. He would buy it here. He would like to see the markets stabilize a bit.