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A great company. Had a terrific run over the last couple of years. Not only has there been a real global story to auto sales in places like China, but the NA recovery has been a terrific story too. The only caution is that the company has gone through a re-lift of its multiple. It used to trade in a 7 or 8 times earnings, but is now trading at around 12.5 times. North American auto sales numbers are already high, so he doesn’t know if you are going to see huge growth going forward. For a cyclical recovery story, he would prefer US housing over the auto sector.
A great company. Had a terrific run over the last couple of years. Not only has there been a real global story to auto sales in places like China, but the NA recovery has been a terrific story too. The only caution is that the company has gone through a re-lift of its multiple. It used to trade in a 7 or 8 times earnings, but is now trading at around 12.5 times. North American auto sales numbers are already high, so he doesn’t know if you are going to see huge growth going forward. For a cyclical recovery story, he would prefer US housing over the auto sector.
Really likes the story. Very well-run. Last year it got to a very high valuation level. Ran into some trouble in the 2nd half of 2014, when Alberta had its energy problems. It got down to the low $30s and he started accumulating at that time. The outlook is fairly flat for earnings growth this year, but over the next 2 or 3 years he thinks it will have very strong earnings growth. Have a lot of opportunity to make more acquisitions given some of the weakness in Western Canada.
Really likes the story. Very well-run. Last year it got to a very high valuation level. Ran into some trouble in the 2nd half of 2014, when Alberta had its energy problems. It got down to the low $30s and he started accumulating at that time. The outlook is fairly flat for earnings growth this year, but over the next 2 or 3 years he thinks it will have very strong earnings growth. Have a lot of opportunity to make more acquisitions given some of the weakness in Western Canada.
A security monitoring company that is cutting edge, moving the security video world from analog base to an IP based solution, at a very high level and a very high resolution. It has a massive addressable market that it can play into, because the entire world is using analog cameras that are not very good. Growing at 30%-35% a year. Not cheap, trading in the low 20 multiples, but he really likes the story. This is a premium grower.
A security monitoring company that is cutting edge, moving the security video world from analog base to an IP based solution, at a very high level and a very high resolution. It has a massive addressable market that it can play into, because the entire world is using analog cameras that are not very good. Growing at 30%-35% a year. Not cheap, trading in the low 20 multiples, but he really likes the story. This is a premium grower.
This is one of several of semiconductor stories that are not tremendously expensive. The global semiconductor cycle cannot get itself going, so it is not an expensive stock, but the growth outlook was cut recently.
This is one of several of semiconductor stories that are not tremendously expensive. The global semiconductor cycle cannot get itself going, so it is not an expensive stock, but the growth outlook was cut recently.
This is the only bank that he buys, because a lot of the Canadian banks have being constrained. Canadian banks are fantastic franchises and are dominate in many of the financial services. What is unique about TD is that they more branches in the US than they do in Canada. His personal preference would be a US pure play such as Bank of America (BAC-N) or Citigroup (C-N). (See Top Picks.)
This is the only bank that he buys, because a lot of the Canadian banks have being constrained. Canadian banks are fantastic franchises and are dominate in many of the financial services. What is unique about TD is that they more branches in the US than they do in Canada. His personal preference would be a US pure play such as Bank of America (BAC-N) or Citigroup (C-N). (See Top Picks.)
Energy stocks have had a terrific run recently, and we are at the point where a lot of them are anticipating higher energy prices. He is not sure energy prices will move a lot higher from where they are. Would prefer some of the alternative plays that are still at their bottoms such as service plays or sand producers which are still at their lows.
Energy stocks have had a terrific run recently, and we are at the point where a lot of them are anticipating higher energy prices. He is not sure energy prices will move a lot higher from where they are. Would prefer some of the alternative plays that are still at their bottoms such as service plays or sand producers which are still at their lows.
(A Top Pick Oct 14/14. Up 32.6%.) This company is always going to go from a position that it is such a big company, people won’t believe it is going to grow any more. The iPhone 6 is a very specialized iPhone and is taking market share from other vendors. Dividend yield of 1.61%.
(A Top Pick Oct 14/14. Up 32.6%.) This company is always going to go from a position that it is such a big company, people won’t believe it is going to grow any more. The iPhone 6 is a very specialized iPhone and is taking market share from other vendors. Dividend yield of 1.61%.
