BUY

(Market Call Minute.)

HOLD

(Market Call Minute.) Have a lot of cash so it is safe. She is waiting to see what the next product line is going to be.

DON'T BUY

(Market Call Minute.) Metal prices on nickel and cobalt as well as thermal coal are working against them right now and she would like to see how their new mine in Madagascar ramps up.

TOP PICK

Banks had a nice run but they all pulled back and didn’t really participate in the rally because of concerns on the Canadian housing market. 60% of their residential mortgage loan book is insured. The other 40% has a very long to valuation ratio of 47% so there is a lot of cushion built-in. Very nice diversified revenue stream. Personal and commercial lending is about half of their earnings. Yield of 4.19% which they continue to increase. Trading at about 11X forward earnings, which is very attractive.

TOP PICK

Largest operator of seniors housing in Canada. Also, have a presence (26%) in the US. Likes the demographics of their industry. People are living longer. Penetration of people living in retirement homes is quite low, which plays in their favour. Did a couple of acquisitions in Canada and have been selling out of non-core areas in the US. Good chance they will be increasing the distribution this year. Yield of 4.73%.

TOP PICK

The global leader in the luxury brands industry. They are in fashions, leather goods, spirits, jewellery, etc. They do retailing in all the duty-free stores in the big airports. Relatively recession resistant. Well-positioned to meet emerging and developed markets demand. Dividend yield of 2.74%.