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Owns a good position in Great West Life (GWO-T) and a big mutual fund company. If the markets are able to keep on growing under lots of QE stimulus, he thinks the mutual fund companies will tend to do well. Nice diversified portfolio and a nice 4.3% yield. Could move 15%-20%.
Owns a good position in Great West Life (GWO-T) and a big mutual fund company. If the markets are able to keep on growing under lots of QE stimulus, he thinks the mutual fund companies will tend to do well. Nice diversified portfolio and a nice 4.3% yield. Could move 15%-20%.
Went into the Dow on a fairly modest valuation, which he finds intriguing. There is an ongoing recovery in the US banks. This has one of the smartest managements going. Yield of 1.23%.
Went into the Dow on a fairly modest valuation, which he finds intriguing. There is an ongoing recovery in the US banks. This has one of the smartest managements going. Yield of 1.23%.
Trading at about a 50% discount to its Book Value. Has a lot of cash on its balance sheet. About half of the price of the stock is in cash. Has a very nice leverage on the price of gold, so when the price of gold goes up, this one tends to go up much faster. You also get a yield of 5.06%.
Trading at about a 50% discount to its Book Value. Has a lot of cash on its balance sheet. About half of the price of the stock is in cash. Has a very nice leverage on the price of gold, so when the price of gold goes up, this one tends to go up much faster. You also get a yield of 5.06%.
Big healthy dividend but not a lot of growth. Earnings forecasts, going out this year and next, are pretty flat. A little slippage this year so there is not a lot of dynamic momentum behind the stock. Recently has been slipping back a little. There is some risk to about $24 a share from a technical standpoint but that's all he can see. He has a Hold on the stock. If it goes back to $24, he would probably put it back to a Buy.
Big healthy dividend but not a lot of growth. Earnings forecasts, going out this year and next, are pretty flat. A little slippage this year so there is not a lot of dynamic momentum behind the stock. Recently has been slipping back a little. There is some risk to about $24 a share from a technical standpoint but that's all he can see. He has a Hold on the stock. If it goes back to $24, he would probably put it back to a Buy.
Stock is cheap enough so you don’t have to worry about downside risk. However, you do have to worry as to whether there is a comeback in commodity stocks. China is showing some signs of easing back on some of their restraints, so hopefully commodities can get on the move again.
Stock is cheap enough so you don’t have to worry about downside risk. However, you do have to worry as to whether there is a comeback in commodity stocks. China is showing some signs of easing back on some of their restraints, so hopefully commodities can get on the move again.
Stock got up to about 4X its BV and when he looked at the ROE and all the valuation metrics, it reached his target. Difficult to see that the stock can go any higher than its recent peak price. Given earnings forecasts, the only way he can see it going higher is as a pure momentum play. You might consider Discover Financial (DFS-N), which is a lot cheaper and has a decent ROE and could move higher.
Stock got up to about 4X its BV and when he looked at the ROE and all the valuation metrics, it reached his target. Difficult to see that the stock can go any higher than its recent peak price. Given earnings forecasts, the only way he can see it going higher is as a pure momentum play. You might consider Discover Financial (DFS-N), which is a lot cheaper and has a decent ROE and could move higher.
On top of everything else, China entered the fertilizer fray by taking 13% of a Russian potash producer. China is not looking to maximize its return on investments, but to maximize its return on cheap fertilizer. This would suggest that prices are still likely to work lower. He also sees downside risks for both Potash (POT-T) and Agrium (AGU-T).
On top of everything else, China entered the fertilizer fray by taking 13% of a Russian potash producer. China is not looking to maximize its return on investments, but to maximize its return on cheap fertilizer. This would suggest that prices are still likely to work lower. He also sees downside risks for both Potash (POT-T) and Agrium (AGU-T).
