Today, Michael Smedley commented about whether TOY-T, MIDD-Q, LULU-Q, HLTH-A, ENGH-T, CAR.UN-T, CTC.A-T, CSH.UN-T, BEE-X, MSL-T, GIB.A-T, CXR-T, JKPTF-5, GUD-T, NA-T, MITL-Q, GXE-T, GSY-T, CPH-T, IFA-T, ASG-X, WEF-T, PHM-X, KLS-T, EUO-X are stocks to buy or sell.
(A Top Pick Aug 6/14. Down 81.87%.) A very solid company in Western Canada. Have great assets. It has been afflicted by the Western Canadian energy sector and the global energy gloom and disease. The best thing you can say about this is that there are about 10 analysts on it and they all have target prices 100%-200% above the current price.
3 market sectors that give the least volatility over a 3-5 year period? Banks, utilities and usually pipelines. However, be selective with your pipelines because there’s all this political nonsense going on. He likes Fortis (FTS-T) and Enbridge (ENB-T). With the banks he would go as basic as possible with CIBC (CM-T), the closest thing to what a bank used to be.
(A Top Pick Aug 6/14. Down 36.03%.) Pulled back with the market and this is an opportunity. Bear in mind that it is one of those many Canadian financial companies, below the level of the big banks. They handle the kind of business that is considered to be in the risk category. Have built up a growing business in financial lending. A good company.