COMMENT

He thinks the macro fundamentals for gold are positive for the first time in a while. He is adding it to his portfolio. We are crossing into a new paradigm with how much government support is driving this market. There will eventually be a cost for this and gold is a good hedge to the "fiscal recklessness". He purchased ABX, because of the dividend yield that went with it.

BUY ON WEAKNESS
He has never purchased this, even though watching it for along time. The recent price rebound may be getting ahead of itself again, he thinks. The company has good assets and strategy, but is fighting an uphill battle in how retail is changing. They have done a good job on the dividend yield given how mature the company is. Not what he is looking for now at this valuation.
RISKY
A re-capitalization of the older company. It has started to come back. They signed a contract to get pellet supply, that seems favourable. They have some valuable land holdings in Hamilton. A nice risk-reward for some people on a small scale. He does not see enough safety around the dividend to recommend to his clients.
COMMENT
It was a darling 2-3 years ago. There is a limit to how much money they can make on their low margin business. He would need to see a 5% dividend yield before feeling comfortable to own given the competitiveness of the retail space.
COMMENT

People are now fishing for companies that were the most beaten up -- like airlines, etc. The long term thesis is still good for this space, but he sees other ways to play this. He would favour CSH.UN instead.

COMMENT

People are now fishing for companies that were the most beaten up -- like airlines, etc. The long term thesis is still good for this space, but he sees other ways to play this. He would favour CSH.UN instead.

TOP PICK
He liked this around $18. He does not know why it has been a laggard for so long. If are really are in a full recovery, assets values in personal wealth should recover -- although he is a little skeptical. You would be well served owning it below $20. Yield 5.82% (Analysts’ price target is $22.22)
TOP PICK
For seniors, there are some legal ramifications post-pandemic. If people want to stay home instead of go into a long term care facility, their mobility products for seniors will do well. He likes the sustainability and growth potential of the dividend. Yield 3.32% (Analysts’ price target is $14.91)
TOP PICK
The premium company in the space. There is a lot of tempered excitement about Keystone XL. That project represents upside and not a lot of downside. Their natural gas pipeline grid encompasses much of North America. He likes it in the low $60s price range. Yield 5.07% (Analysts’ price target is $72.70)
N/A
Market. He does not like the market here from a valuation perspective. The market is seeing something he is not seeing. He thinks there is a lot more economic damage to come. Today there were numbers suggesting quite a bit of job recovery. He does not see the US dollar selling off a whole lot more. The Canadian dollar is trading along side the US dollar and he does not see it getting a whole lot stronger.
N/A
Another Market Downturn Still to Come? He thinks we will not shut everyone down during a second wave. We are more prepared to handle this round. He still thinks we could get to the lows of a few months ago at some point, maybe a bit below. The fundamentals of the economy will not come back as rapidly as the decline took place.
DON'T BUY

They will probably have no trouble collecting their rents. Their business will be challenged by the AMZN-Q model. He would not chase them here as they are expensive.

WEAK BUY
It is a healthcare play with a covered call overlay. He likes it as a more defensive way to play healthcare. It may depend on the US election this fall.
DON'T BUY
When you look at the momentum names and value names, the latter tend to be more banks. The online stuff has pulled back a bit. He would not chase COMM-T at present, however.
BUY ON WEAKNESS
Gold ETF recommendation. You are not early on this story. It is his favourite asset class by far. However it will be extremely volatile for the next couple of years. Once we get through the deflationary time it will be an inflationary one. ZGD-T for equities. GLD-N is the biggest ETF for gold. [Larry's audio connection was too broken up to capture other tickers he mentioned].