BUY ON WEAKNESS

Really likes this name. Suffered a big downtrend earlier this year, which was almost entirely due to oil differentials. They really need a widening oil differential. Now that the differential is back up to around $24, this company is firing on all cylinders. Slightly overbought on a short-term basis, so you can probably expect it to come back to about $23.

COMMENT

Doesn’t know that we are going to run away with banks in the next few months so there is no rush to own. Has some resistance at about $60. If you want to buy some, your downside would be limited. It is above its 50 and 200 day moving averages on a yearly basis. He would rather add at $62 and above.

COMMENT

Just sold his holdings. Had a nice run. Insurance companies are certainly going to benefit if rates rise and equity markets move up. He is seeing a little bit of topping in the last little while although the trend is still there. It is susceptible to come down to the $27-$28 range. Looks like it is time for a pause. 4% dividend.

BUY ON WEAKNESS

Chart looks like it has had some pretty good support at around $120. If it breaks below $120, all the moving averages are really tight. Often when you get this convergence, it is usually an indication that we move higher but periodically can be an indication that it actually goes lower. Stochastic is at an exceptionally high level, close to 100. You can pick this up at $120.

BUY ON WEAKNESS

Chart shows a little bit of clustering this year. This one has a little bit more focus on natural gas which is part of the reason why. Chart shows a downward channel from early 2011. You could pick this up at around $35-$36, which is a reasonable valuation. 7.2% dividend is sustainable.

N/A

Markets. He doesn’t try to deal with the macro issues. He didn’t pay attention to the issue of QE easing, which ended up not happening. He picks good stocks, regardless of market direction. Opportunities are mid caps. They are under researched on the sell side and under owned by institutions. These are the sweet spot. He is constantly short stocks. He was one of the only funds in 2008 that had a gain.

BUY

Very positive. Could be taken out by Mattel. Good to hold toy stocks going into Christmas. He is short the common stock and long the warrants. There is a year and a half left in the warrants. This is how he plays megabrands.

BUY

Big pop again today, news related. A painful holding at some points. They hold patents and try to get economic value from them. They took a case to court recently and lost. Alcatel and HTE won the case. But there is still value in their patent portfolio. Here are catalysts coming soon. That is why they continue to hold it.

BUY

One of his largest positions. Had some operational issues. But the bar was set incredibly low by the street. He has confidence in the management. They need to deliver on their promised production levels of 3000 barrels per day. The dividend at 12.4% has raised alarm bells in the street, but he believes it is sustainable. They have some debt. They have the drip program but the payout ratio is close to 100%.

BUY

Likes it. They are a supplier to the pipeline industry with a product that heats up pipelines. Likes the management team. They will do good things going forward. Is a consolidation story.

BUY

Likes it and has owned it. It is a consolidation in an industry that is very fragmented. Is a consolidation story.

BUY

Loves the business. They have a nice niche in the auto market.

PAST TOP PICK

(Top Pick Jul 16/13, Up 7.14%) They are applying for a bank license and hope to get it either this month or next. Thinks this will surprise the market.

PAST TOP PICK

(Top Pick Jul 16/13, Down 0.54%) Now is the time to own them. They earned as much in Q2 as they did in all of last year and that is generally their weakest quarter. It is a play on the US housing market. They sit on a large real estate portfolio.

PAST TOP PICK

(Top Pick Jul 16/13, Up 15.02%) A play on consumer lending. It is still undervalued.