COMMENT

Markets. The hope that the central banks will do something seems to have kept the market rallying. Equities are cheap and, relative to bonds will do quite well over the next 5-10 years. There are a lot of short-term problems. Likes some of the industrial spaces such as auto parts and any Cdn names leveraged to US housing.

COMMENT

Very good company. A lot of US exposure. On the banking side, he would favour looking at US banks where the valuations are much more depressed. Feels US banks will benefit as the US housing market picks up.

TOP PICK

Big insurance company with a lot of bad assets through the financial crisis. Government had to bail them out but today it is wildly different. They've cleaned up their balance sheets so their assets are in much better shape. Because they have been raising a lot of cash, their core insurance businesses have been very profitable and have been able to gradually buy back the government's stake. Trades at only half of BV.

TOP PICK

One of the few ways for Canadian investors in the Canadian market to get exposure to a recovering US housing market. One of the largest oriented strand board producers.

TOP PICK
Top Short Feels this is just a distribution mechanism that doesn't really own a great content and will have to pay more and more to content owners over time to get content. DVD, their source of their profitability, is declining precipitously. Their streaming business is adding customers but not yet making any money but getting a lot of competition.
PAST TOP PICK

(A Top Pick Aug 9/11. Up 37.53%.) A lot of their business is long-term contract based with very big blue chip oil/gas and forestry companies. A little over 7% yield. Payout ratio is conservative had just over 50%.

PAST TOP PICK

(A Top Pick Aug 9/11. Up 4.71%.) Likes the attributes of this business. Big free cash flow generator.

PAST TOP PICK

(A Top Pick Aug 9/11. Up 32.69%.) 2nd largest public funeral and cemetery business in the US. Likes the long-term attributes of this one.

DON'T BUY

Very good company. Have done a fantastic job. He would prefer to look up the more beaten up one, Loblaws (L-T). The Canadian grocery store sector is difficult because of competition.

DON'T BUY

Blue chip Canadian mining company. Big asset exposure in copper, zinc and metallurgical coal. If you are looking for a way to play basic materials in Canada, this is about as good a place as you can find. His concern is the negative data out of China.

COMMENT

Good, global mining business over the long-term. Great assets. Diversified assets over many different countries. The challenge for any mining company today is the sentiment around China and slowing global growth.

HOLD

One of the leading oil/gas drilling companies in Canada. Have a big US business now making them at bit more diversified. There is been some concern with the pullback in oil and weak gas prices. Good long-term company to hold.

BUY

Not a stock that you can expect a lot of capital appreciation in. Have pricing power because they have unique attributes of their asset base. Dividend yield of 5%.

BUY

Larger companies with their global diversification are having more risks with their multi-political jurisdictions and cost overruns. Mid-caps like this, with their simpler businesses, have not had the huge cost overruns so have been reporting better quarterly results.

COMMENT

Has performed fairly well recently, partly because a lot of US industrials have rallied with the hopes of a stronger economic outlook. Also their finance business has been doing better. There are probably cheaper stocks to own.