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BUY

Trading at a reasonable valuation. Good revenues and earnings.

Business Services
BUY on WEAKNESS

Has a lot of runway. Made an acquisition in Europe. They are just rolling out their strategy. In a lot of the European gas stations, you can buy only gas and oil but this company is offering customers merchandise similar to what we have in North America. They’ll make other acquisitions as well. She buys this on a pull backs.

food stores
BUY

On a macro picture, there is still a valuation mismatch between our shares and US shares. Feels that is just beginning to close and this company will benefit from that. On top of that there is a global economic growth and she thinks 2014 gets better, which will pull oil along. As well, Warren Buffett entered into the stock this summer, which gives it a halo effect.

integrated oils
COMMENT

The only bank that disappointed in earnings. Also, disappointed on their domestic lending platform. Not her favourite bank but the macro backdrop is very positive for the Canadian banking system. This will be okay and you will probably make more than the coupon but she feels you will make more in the other banks and lifecos.

banks
N/A

What bank would you suggest to take advantage of US housing? The US housing rebound is continuing. There was some backup in interest rates in May and June, but it is still quite strong and she thinks it has years ahead of it. US banks is a great way to play it. There are banks, you could play, but are expensive. Prefers the money centers, the bad banks during the downturn. There are fresh management teams in there and there has been time for healing their balance sheets. They are not perfect, but they are certainly better and they are really cheap. Bank of America (BAC-N) and Citigroup (C-N) are trading at less than BV. There is the steep yield curve as well as the housing market and these 2 things are a great way to play a recovery in the US economy and in the housing market. She owns these 2 banks.

Unknown
BUY

Fresh management teams since the downturn and there has been time for healing their balance sheets. Not perfect, but certainly better and really cheap. Trading at less than BV. The steep yield curve and the housing market are a great way to play a recovery in the US economy and in the housing market.

banks
BUY

Fresh management teams since the downturn and there has been time for healing their balance sheets. Not perfect, but they are certainly better and really cheap. Trading at less than BV. The steep yield curve and the housing market are a great way to play a recovery in the US economy and in the housing market.

banks