BUY

One of the larger biotech companies. Biotech has been outperforming pharma. You can also look at BBH for exposure to the sector. Just pulled back into the moving averages.

DON'T BUY

Their revenues are levered to food prices so be careful. We are seeing some disinflation in food prices. Grocery stores have a hard time with margins when food pricing is coming down. He has virtually no exposure to consumer staples.

COMMENT

Convertible debentures. (Market Call Minute) Thinks there are a lot of bells and whistles on the shares. Nice yield but you are levered up 3 times.

DON'T BUY

(Market Call Minute) Avoids heavy oil and oil sands.

DON'T BUY

(Market Call Minute) Stay away from lawsuits.

DON'T BUY

(Market Call Minute) Be careful in the interest rate sensitives.

BUY

(Market Call Minute) Becoming a little more aggressive and valuation is becoming more attractive.

TOP PICK

Sector has been out of favour for a long time. New net buyers. Shares had a great year and there is lots of runway going forward. 3.41% yield and a strong dividend policy.

TOP PICK

With falling inflation and strong cash flows the consumer is in better shape. There is a slowly recovering housing market in the US. Returned 19 Billion dollars to shareholders over the last two years and more than that to come in the next two years through share buybacks and dividend increases. Shareholder friendly management.

TOP PICK

Benefits from the big energy boom in the US in energy. Biggest input cost is Nat Gas. Big cost advantage against global competitors. As business improves for industrials in the US, they will grow their earnings 25% for the next three years. Yield over 3%.

N/A

Markets. The pullback is just normal market nervousness. There are no significant changes in the environment. Some of the numbers coming out of the US have been pretty good. There are some good earnings numbers. Even a hint that the budget issue in the US will get settled is probably good news. Doesn’t think tapering is going to happen until March. Not quite sure how the Obama care will affect the US economy. Feels the TSX should play some catch up in 2014. Our banks are still reasonable in terms of pricing. A little concerned about the energy side, but thinks that price will be picking up as we go into 2014.

BUY

Has done very well. They are in a tricky business because of the problems in the price of cotton. They run a tight ship and just keep rolling along. Expect they will continue to do what they have done in the past. Had a little bit of a pull back so now might be the time to step in. Or, if you want, you could buy a half position now and the rest later.

N/A

Real estate or Financials in ETFs? He would prefer financials, particularly the banks, which he feels are reasonably priced and have good yields. Power Financial (PWF-T) would be another good choice. Real estate has had a pretty good run. Some of the REITs got really hammered so the volatility might be a little unnerving.

COMMENT

They have their problems out West. Have a long standing record of maintaining their dividend. Have some reasonably old coal burning facilities in Alberta.

WATCH

Has been hitting new lows, partially due to tax loss selling. The big problem was when they went into the Madagascar project. Politics there are a little bit turbulent. There are a number of environmental issues and the press has not been good to them. The project has reached the point where it looks like it is going to be producing some reasonable cash flow, however, metal markets are not nearly as good as they were when they started the project. Their coal and Cuban assets are still quite good. After all the tax loss selling is done, we may see the stock turn up.