COMMENT
Comment Markets. Doesn't look at this as a buying opportunity yet. Hasn’t had a confirmation yet from the TSX 60 that this is anything more than just a bounce off a set back. Financial stocks in particular are acting poorly. If there is no leadership from the financials, he is always suspicious. (Stay with gold.)
BUY
Earnings are soaring on this company and the forecasts for 2012 are doing quite well. Doesn't appear to have stepped on any land mines. Yield of 2.6% is not exciting. His upside target is as much as $70.
BUY
In an interesting situation. Earnings forecast for 2011-2012 are not going anywhere, and if anything it is a slight drift downwards. Good news is that it has a nice yield. Very close to a very long-term low in price to book terms.
COMMENT
Like all gold stocks, this company is waiting for evidence that gold can press above $1900 level.
COMMENT
Feels that commodities are going to tend to do well in the long-term. Expecting commodity inflation. On a price to book value, this is a lot cheaper than Potash (POT-T).
WAIT
Stock has been in very solid, wide swinging uptrend. He has a technical target of $320, which is 4X Book Value, which has been a pretty reliable point where this company has changed direction.
DON'T BUY
Expects they will hold their dividends. Management has said they have a lot of money but can't lend it to anyone, which means their margins are being squeezed. Earnings forecasts for 2012 have been literally falling like a stone. Would be much more interested at $36-$37.
DON'T BUY
Not bad. Has been running up against some technical resistance that it will have to get over it it's going to go any higher. Up in the higher end of its valuation range of the last 25 years in Price to Book terms. Has some long-term risks.
TOP PICK
One of the most reliable golds that there is. Stocks have reached a point where they have lagged behind bullion so much that if there is another movement in bullion we are going to have a nice movement in stocks, which may well outperform gold bullion itself.
TOP PICK
Earnings forecasts have been ratcheting upwards quite nicely. Strong yield of 7.6%.
TOP PICK
(A Top Pick Sept 7/10.)
PAST TOP PICK
(A Top Pick Sept 7/10. Up 51.56%.) Still likes and would still be a Hold.
PAST TOP PICK
(A Top Pick Sept 7/10. Up 17.16%.) Still likes and would still be a Hold. This one is all about the dividend. Almost 7.5% yield.
COMMENT
There are 2 opposing influences going on in the market. One is the confidence crisis in Europe and the other is the US which refuses to fall into a recession. Data in retail sales, housing starts, etc. seems to be somewhat better than expected. Feels 2012-2013 will be years of modest economic growth.
DON'T BUY
Recently sold his positions. Currently yield of about 13% and feels the market is pricing in a dividend cut. Pretty obvious the company can’t support current dividends. Expects dividend cut of 50% in 2013. Also Brazilian mobile penetration has gone through 100%.