Doesn’t know why it went down this morning. Dividend is safe. They know their holders are long term and want income. There is increasing competition in that whole space and something may have happened that put BCE down.
Chairman has bumped production rate for this year and it could produce 50-60 cents per share. Before buying it, realize only two people covering it. He is very bullish on it.
Gold/Silver play. Believes in diversifying between the two metals. No futures contracts so you are getting the pure goods. Believes gold will become part of the new world financial system. It is a currency and there is no liability. Highly attractive. Feels gold will go higher.
Never thought the third party contract for management was the main driver behind stock price. Conservatively run company. Management’s objective is to make sure there is enough cash flow to cover the distribution.
Seen 20% in S&P and 10% in Toronto since October lows. Likes it because of the demand from China. Would buy except for worries for a short-term pullback in the markets.
He would hold it but not buy it. He wants to see how the new team works, what they will focus on going forward. They have a great franchise, new operating system so he is not despairing about the company.
Sold after tsunami on Japan. One has to have a good view on uranium, which he does not have yet. He would not play Uranium right now and would play Uranium participation units if he did.
Because of what they are doing at Horizon they are throwing off huge amounts of cash and will pay down debt or acquire other companies. He may double his holdings.
Would nibble away at this stock at these levels. Dividend is safe. If gas went to $1.50, they would cut capital spending. They would take money from DRIP programs and they would sell extraneous land, so the dividend is safe.