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COMMENT

There is a bit of a trend for the banks in Canada, where they are starting to miss their numbers. Could possibly be a stock split as a couple of the other banks have done that and they are in the price range.

banks
COMMENT

Switch from this to Toronto Dominion (TD-T)? This would involve some taxable gains. TD is getting a new CEO in the next little while. Not sure if this would be worth a switch at this time.

banks
HOLD

What effect will quantitative easing have on this stock? This stock has had a big run. Their sensitivity in their portfolio to interest rates and the stock market has been substantially reduced. They were hedging out their exposure to the stock market as the stock market was rallying. Now they are hedging out their exposure to interest rates. Doesn’t think there is a much exposure as there used to be. This has an OK yield. Has a lot of capital locked up in the balance sheet that if things ever recover down the road they will be able to start taking some gains back into their income.

insurance
PAST TOP PICK

(A Top Pick Oct 25/12. Up 19.61% as at Feb 28/13 when it was taken over.) Had bought this when the deal was brought into question by the government and he had felt very strongly that it was not a national asset and the government would give approval.

oil / gas
PAST TOP PICK

(A Top Pick Oct 25/12. Up 33.03% as at July 8/13 when it was taken over.)

entertainment services
PAST TOP PICK

(A Top Pick Oct 25/12. Up 151.15%.) Feels this has got pushed to the point where all the potential acquirers can’t afford to buy it based on the valuation.

Oil and Gas (Integrated Oils)
DON'T BUY

Thinks the dividend growth is going to slow down from what it has been in the past. The dilemma with telcos is that the federal government has a meany (?) on for them right now. Generally speaking, you don’t want to fight the Fed. This is making the telcos be more competitive. This company has done a number of acquisitions, but having lost the hockey night franchise is a bit of an issue. Would consider selling his own holdings if he didn’t have such a big gain in it.

telephone utilities