Markets: We had a 5% pullback and now it is over. People are surprised by the surge in share prices so far this year. We have a lot of support from governmental but he still thinks lots of cash is piling up on the sidelines. At some point there is going to be an interesting strong move in some direction. The fiscal cliff is reality. As we get closer to the election, Romney is going to have an interesting effect if poll numbers go up. There is some hard medicine that is going to have to be taken soon. Bearish on oil. Nudging into nat. gas but basically he is defensive.
These kinds of mutual fund companies get hurt in this environment. At the end of the day the ETF market has been very, very strong. Behind this one is BNS and it is supporting the stock price. It was tough in '08 but even this year it was up 10% with a dividend above 4%.
He doesn't have any signal that rates are going higher so for the time being you will collect a nice yield from this. Thinks you will be okay for a while yet.
Got in in the first or second week in August. There is lot to be worried about with US politics. Everything is lining up for gold to move higher. Thinks this is great. A great way to catch the gold space. This is the time for the gold bugs to be right. About Jan or Feb next year.
This is more a story about their competitors. Tablets are cannibalizing the space. Vmware is a competitor. HP has lost its way and he has avoid the stock. Whose to say the X-CEO might not buy this if the stock stays down low. Wouldn't be surprised if Oracle has not had talks with them.
Intrigued. Between surface tablet and Windows 8 and the huge marketing campaign, also the retail stores, there are really interesting things going on there. He would be okay to hold it. Just corrected 10%. Take a look at it.
Fallen about 30% in the last few months. Don't average down. Don't sell. It is a pretty good entry point. Dollar Tree has a little bit more competition that Dollarama in Canada.
US competitors may have more presence in Canada in 3-5 years. Dollarama has good relationships with landlords, good inventory management but not much competition. Likes it but it is rather expensive here. Wishes he owned it.
Owns the XFM ETF instead. Had a good year in terms of total return. Little headwinds in terms of guaranteed withdrawal programs. Less volatile and not exposed to individual company risk.
(Top Pick Sep 13/11, Up 30.80%) There are a lot of naysayers. LLL continues to execute and grow their stores. They go into a community and open a show house and host yoga classes and figure out what demand and take-up is.
They took some tough medicine and cut their dividend in half. This is a value play with 50% gas exposure and 50% oil exposure. Could be a turnaround position. In 6 months this name will do very well.
Sirius radio 50% control. A mature name with good diversification. They are going to get a good chunk of every move in Sirius Satellite. They also own the Stars Network and Atlanta Braves. An excellent company.
Markets: We had a 5% pullback and now it is over. People are surprised by the surge in share prices so far this year. We have a lot of support from governmental but he still thinks lots of cash is piling up on the sidelines. At some point there is going to be an interesting strong move in some direction. The fiscal cliff is reality. As we get closer to the election, Romney is going to have an interesting effect if poll numbers go up. There is some hard medicine that is going to have to be taken soon. Bearish on oil. Nudging into nat. gas but basically he is defensive.