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Markets. Continues to be cautiously optimistic on the markets and economy. We are finally reaching the acceleration point where the economy starts to sustain itself. He thinks with stimulus restrained it will continue to grow slowly. The economy is doing quite well even though the labour market is slack. You should have a good solid portfolio of dividend paying stocks.

BUY

There are no foreign bidders in the spectrum auction. They haven`t moved back as much because of interest rates. The fundamentals for telecom stocks are quite good. If you can buy them cheaper here it is a good opportunity.

STRONG BUY

He debated having it a Top Pick today. Fundamental progress is slowing here a bit but over well it is a great, well managed company with good dividend policy.

BUY ON WEAKNESS

He owns the holding company. Thinks ultimately the growth in earnings in ENB-T is worth the lower yield. 5.6% yield but less capital appreciation.

DON'T BUY

He has no energy services except for Shaw Core. He looks for long term dividend outlook that extends beyond 5 years and cannot find a company in that sector. But they are due for some pretty good results in that sector over the next couple of years. Be ready for volatility.

DON'T BUY

Because of scandal he is not ready to wade into it at this point. The business that they are in requires a bit of this finessing of governments. He thinks they would have been okay if they had hiked the dividend when the news hit.

HOLD

8.5% dividend. He would say it represents a note of caution. Thinks they will be able to ultimately maintain their dividend but it will be close. Their old coal fired generation will be retired and they will be forced to take on new methods of generation. Would not accumulate but hold for the dividend. Watch it with a negative bias.

BUY

He is very positive on the banks. Thinks it will continue to increase the dividend and will experience increased capital growth.

HOLD

Only has in the mutual fund because he got it when it was spun out of BCE but he has not accumulated any more. It is largely legacy assets with a good cash flow. Not a lot of growth potential.

WATCH

He has been very impressed with them recently. Good at securing projects. Good solid dividend payer. Given progress on their major project right now it will need capital along the way so he would watch it over the next couple of years.

PAST TOP PICK

(Top Pick Mar 11 /13, Down 4.88%) Still a favourite of his. Everything he saw happening this year has happened but stocks have not reacted because US investors have abandoned Canadian energy stocks. At the top of his oil stocks to hold.

PAST TOP PICK

(Top Pick Mar 11 /13, Up 9.38%) US footprint is a big part of his reason for holding this. They also do a very good job with their customer experience which they have replicated in the US also. A well managed company with great dividend policy.

COMMENT

Initial reaction to today’s news is not all that much of a surprise. Fairfax has made a bid for the company. He says if they had declared a $1 dividend at $100 share price they would have protected their share price to some extent. It could get taken private from here. There is a market for the device and he thinks they have made some great strides.

BUY

He is quite positive on the fertilizer producers. This has been the more expensive of the two. The dust has settled after the attempted takeover. The dividend increase has caught his eye. He has seen a big ramp on the dividend so is looking to accumulate. Owns POT-T but is looking seriously at this one too.

BUY ON WEAKNESS

Has been a very positive story over the summer. Being a corp. opened them up to a bigger US investor base. They have so many opportunities to enter into new projects. There is an increasing production curve so there has to be a way to get it to market. A great story going forward. Had a good run so you might want to watch to see if it gives some of that back.