PAST TOP PICK
(A Top Pick Dec 7/10. Up 4.7%.)
PAST TOP PICK
(Top Pick Dec 6/10, Up 2.5%) Unbelievably cheap. There is and press about fracking. Governments on either side of border may put restrictions on what they do any time.
PAST TOP PICK
(Top Pick Dec 6/10, Up 16.28) Took profits. It was a valuation call. Might come back into it. Management is fantastic and made good acquisitions over the last 6 months.
BUY
Only owns two gold companies and this is one. A good chart. This is what you want. Long slow up trend. A great stock to own. These are guys that are not learning as they go.
HOLD
He is short this stock but thinks he might be wrong. He is thinking it is more of a hold. He would wait until the market was at a bottom and then would cover his short. Earnings are starting to back fill. It is not a screaming buy, but doesn’t know if there is much downside.
BUY
Not normally about the dividend. They are more of a growth company. You will continue to see steady increases. They did put out a disappointing quarter and this is a good entry point. Some think they are the best-managed bank in Canada. Hasn’t had a loss quarter in 20 years.
DON'T BUY
Not a lot of downside. Doesn’t like the financials that are linked to lifecos. It’s fine but there are financial institutions he prefers. There is better value in the small to mid-cap financials.
RISKY
A kind of lottery ticket company (a boutique financing house, a merchant bank). When company is bullish, harvest this stock and when everyone is bearish you accumulate it. Very counter intuitive.
HOLD
It is a Merry Christmas for BCE shareholders. Just raised dividend. Not all the good news is in the price right now. Just keep watching it.
BUY
One of the best-managed financials in Canada. Good long-term hold. He prefers the one from top picks tonight, but there is no problem with this one.
BUY
Still a buy. Went down for no particular reason and then up again. He has no intention of selling it.
BUY
Love’s the company. Can’t believe how cheap this company is. You are going to wake up one day and one of the major mining companies is going to buy it up. It is about as undervalued as you can find them.
BUY
5.5% dividend. Earnings in 2012 will be 25-30% higher. Dividend should go up in first or second quarter to stay above 5%, which is their policy. It is a cash cow on wheels. Right up at the top of his list.
TOP PICK
His top holding. Likes them because of value creation, return on capital. Had a great move this year. 52 week high today. Will perform very, very well next year. Has held it since he started the fund, but was buying a week and a half ago.
TOP PICK
Favourite financial stock. Return on equity of over 20% for 15-16 years. Compelling valuation. Has hit a bottom and is ready to move back up. May raise dividend this year.