BUY
Good entry point. They are probably the leaders in moving over to the wealth business. It is the cheapest of the bunch.
WEAK BUY
Sold at higher prices, having done well. Top end of the farm equipment business includes Deer. Can be up to $550,000 with Deer. AFN produces equipment ($10k) that gathers wheat up from feels and puts into silos. Steel prices rising hurt the bottom line a bit. If you a have long time horizon you can own the stock, has a descent yield.
WEAK BUY
If you want to play the overall fertilizer space this will be a good compliment to Atrium but get Atrium first.
BUY
Will raise share price over the next couple of years. Family has to raise the dividends to keep up with the lifestyle.
WEAK BUY
One of the companies that fits into CPG’s portfolio. ARN is producing and CPOG owns 19.9%. CPG will likely take them over as they develop.
BUY
Prefers to TRP but would like to see it a bit cheaper. Great company and an interesting possibility of pipeline from Alberta to BC.
WEAK BUY
He owns GM. Pent up demand in North America. Terrific company going forward but prefers GM. Will be much higher in 3-5 years.
BUY
Old pipeline Income Trusts: He owns IPL. IPL will have additional pipelines, he thinks. Leader in bulk liquid storage space, which is a cash cow.
BUY
Likes it. Have one a whole much of contracts. Coat pipelines.
TOP PICK
Chairman took over the company. Is in production, good management team. All sorts of resources that are potential reserves. Took over a past producing property from 1860. Safe area close to infrastructure and great reserve potential. Over 5 years will move from 20K oz to 100k oz.
TOP PICK
Bought in August because it was on sale at that price. Even at today’s price, two things will drive it. Two drivers are (i) and first class management and (ii) businesses they are in: Pipeline (additional pipelines built) and Bulk storage business in UK and Europe. Both are cash cows. Also have liquids business, which is having a tough time. More acquisitions. Further dividend increases.
TOP PICK
Cheapest of the 4 he covers. Great land location in Alberta. Drilling inventory of 1350 wells over 5 years or more. Lots of horizontal drilling.
PAST TOP PICK
(Top Pick Nov 16/10, Down 5.96%) Weren’t helped by the nuclear disaster. Increase in demand from refineries in the middle east and Africa more than offset nuclear.
N/A
Market: Europe. This is the start of act one of a multi act farce or pantomime. Greeks will be voting Feb 23 and gash knows what is going to happen between now and then. It’s a mess and not sure what people can do to solve it. Nov 23, the super committee is reporting on budget deficits and he is not very hopeful they will come to any resolve. Seeing hopeful signs: Better Q3 earnings and reasonable guidance going into Q4; Slightly better employment picture; Some indication that rental housing market is taking off and will eat in to oversupply of unsold homes. Bought something to day that was down on an earnings miss and was cheap in their eyes.
PAST TOP PICK
(A Top Pick Dec 7/10. Up 5.97%.)