Latest Stock Buy or Sell? Make More Informed Decisions!

Markets. Coming into Q3 earnings seasons which starts heavily in the US next week and estimates have come way down so it will be interesting to see how companies report. China uses 40% of all commodities so this has a large impact on Canada. Has a little bit of cash but he can see himself getting more defensive because of the global slowdown.

Has done very well. Very acquisitive and has added to its growth. Trying to focus on top office buildings both in major urban areas and suburban areas. Have spun off their industrial properties recently. As they focus and put that money back to work, they should get a multiple re-rating. It is still a good time for the REITs. You might possibly get a better entry point for this one.

Payout ratio is in the high 70s but thinks the payout is safe in the near term. Lowered their cash flow growth estimates a few times this year and disappointed a few people that way. They own half the Alliance Pipeline and have a gas plant in the Chicago area. 7.9% yield but doesn’t expect you will see a lot of growth in the near-term.

From a land and a long-term perspective, there is opportunity but from a near-term in operations, growth in cash flow, production growth and their dependence on natural gas, this is why people don’t like this right now. Gas prices have to stay fairly high for their dividends to be safe. There are better near-term operators at the moment. 8.2% dividend.

Likes this as a company. 5.2% dividend is sustainable. Problem going forward is the pricing power on steel. Utilization rates of steel mills in US are in the low 70s and they need to be north of 80 in order to have any pricing power. A little expensive right now. Prefers in the low $20’s.

Small producer in Western Canada focused on heavy oil. Have re-created themselves with a few mergers and paid out a dividend. Got a multiple re-rating because people are more attracted to dividend stocks right now. Have done a very good job of increasing their production. Have a hybrid model where they are expecting 5%-6% yield but only 3% of production growth. 6.2% dividend.

All the banks have been very good dividend growers and he thinks this will continue. This one is the most international of the banks and is far less impacted by what happens in the Canadian market.

Tried to do a bottom of the market acquisition and issued equity to do it. Ultimately they are going to be dependent on natural gas prices doing well to hedge forward their production. 7.99% dividend yield and it is possible they can maintain this, but it is far from certain.

Have skilled nursing facilities in the US as well as long-term care homes in Canada. Thinks the dividend is sustainable at the moment. Have about a 75% payout ratio with a yield of about 10% which should make you worry. Face a lot of headline risks because their biggest payers are Medicare and Medicaid. Got a 1.9% raise this fall but if there is no agreement in Congress, they’ll lose 2%. On the positive side they have good demographics working for them.

Great company. Heavy oil producer in Western Canada. New CEO. Good solid producer.

(A Top Pick May 15/12. Up 9.92%.)

(A Top Pick May 15/12. Down 9.57%.) Performance is getting better, so he hopes they are on the road to repair.

(A Top Pick May 15/12. Up 8.7%.)

Converting to a REIT. Basically holds industrial properties for Magna (MG-T). Much, much cheaper than the majority of REITs. This is largely to do with the tenant risk and concentration risk with Magna. 40% of revenues come out of Europe and tend to be in Austria and Germany, which are in the stronger areas. Very strong balance sheet and are looking to diversify. 5.6% yield.

Had problems for a long time, but a new CEO came in and it is really a turnaround story. Wasn’t very well run and there is a lot of low hanging fruit, doing things better and focusing on customer service. Could see it north of $10 in 12 months. 6.5% dividend yield.