PAST TOP PICK
(A Top Pick May 07/18, Down 8%) A Japanese electronics company. It took a downdraft in late 2018, but its valuation is insane with no debt. You're buying the company for less than working capital. It's worth more than double the current share price. It trades at 7x earnings with a solid dividend.
COMMENT
They've suffered like all global banks, hurt by low interest rates. He likes this sector though, and this is a quality name with a safe, decent dividend.
COMMENT
Gold He's never owned gold, which he considers a lousy investment over the long haul. A disaster. Gold usually does well when investors expect inflation, but there's no inflation now. Rather, gold is up because of geopolitical fears, but those always blow over. Gold--why bother?
DON'T BUY
Bombardier bonds Don't buy one high-yield bond. Bombardier has long had negative cash flow that they haven't changed in years.
BUY
They make glass for cars and fiber-optics are back in a huge way (i.e. virtual reality). Trading at a cheap 14x earnings and have back a ton of stock in recent years. They benefit from the growth of technology and face few competitors.
DON'T BUY

Buy and hold or take profits? The payments world is changing. In China, you can't use your Visa or Mastercard, because they take Alibaba Pay instead, which costs retailer far less. He was surprised when he went to China last year. China uses mobile payments, not plastic. That said, Visa is incredibly well-positioned and performed so well. There's no reason that China will take on credit cards.

DON'T BUY
No one has ever explained Bitcoin to him. Why has it taken off like this? Says Warren Buffet: don't understand it, don't buy it. Why get paid in something that fluctuates so much? It's a pure speculation, but he doesn't know if it will keep going up or not.
WATCH
He's looking at this. Over the long haul, things will be pretty good for NTR. The long-term negative for fertilizer is that Monsanto keeps coming out with seeds that need less fertilizer. But NTR offers good cash flow and the stock price is interesting.
DON'T BUY
He sold it recently. They sold their eye-care division and are back to generic drugs, a lousy business for all companies. Invest elsewhere.
BUY
It's hitting new highs. Big cash flow, buying back stocks and raising their dividend. They're also developing new products, trading around 9x cash flow. All this in a slowly declining business. A defensive stock that he really likes.
TOP PICK
He hasn't recommended a Canadian bank in a while. BNS has long been under pressure from their Latin America operations, but the growth rate of that has been a huge 14%. Now is a great entry point. Pays a 5% yield. Today, they're selling operations in the Caribbean, a weak link. They've made big purchases in wealth management which will pay off. A great defensive. (Analysts’ price target is $80.07)
TOP PICK
A defensive stock. Expects surprising growth. (Analysts’ price target is $60.45)
TOP PICK
They make musical instruments, gaining market share and coming out with a slew of new products. They have a great presence in China. Has no debt and a lot of cash. They've been buying back shares and raising their dividend agressively. Earnings and revenues are up. Price target: Yen 5957.14 (Analysts’ price target is $5957.14)
COMMENT
High-yield bond funds Any short-term bond fund will be insulated if interest rates rise. As long it's a diversified fund, if it own US funds, make sure it's hedge. If the Canadian dollar goes up and you own USD bonds you will get hit by a negative currency move.
TOP PICK

Not the merged Dow. They're not focussing on packaging and materials. Pays a 5.5% dividend at 12x earnings. A defensive stock. He expects surprising growth. (Analysts’ price target is $60.45)