PAST TOP PICK
(A Top Pick Oct 11/23, Up 13%)

NGT and AEM have overtaken ABX as the monsters in the industry by market cap. Well run. Keeps his exposure in the gold sector to 5% or less. Often a good buffer in troubled times.

PAST TOP PICK
(A Top Pick Oct 11/23, Up 48%)

Great, well-run Canadian company. Expects to see them expand in other geographic areas. Multiples are still fairly good, he'd still recommend it as a buy.

BUY
Canadian banks.

Likes the banks right now, a good place to be in troubled times. Yes, we do have to worry a bit about credit quality with the possible resurgence of inflation. But the banks always seem to pull through.

HOLD

Operating margin gets hit by a lot of factors, not least of which is lumpy earnings from various segments. Demand for pilot training has been slower than hoped. Pickup on defense side, and those margins should improve.

HOLD

He got shares from the spinoff, and now has to decide what to do. He hasn't had time to investigate thoroughly. A lot of their business is already contracted going forward, so revenues will be fairly consistent and predictable. Dividend should be stable. Not in a hurry to sell, and might even buy more.

HOLD
Trump wants to revive Keystone XL.

Shows that Trump realizes that getting energy from Canada is very important. One of the most stable in the group, and usually trades at a premium because of it. He owns only a little bit.

HOLD

He looks at capex programs going forward and how much they're investing in infrastructure. More infrastructure means more cashflow and, hopefully, more dividend increases.

HOLD

He looks at capex programs going forward and how much they're investing in infrastructure. More infrastructure means more cashflow and, hopefully, more dividend increases.

WATCH

He's in a bit of a conundrum right now given how far it's come down. Yield is now in excess of 10%, which is usually a big warning sign. Dividend is frozen to be able to fund recent US acquisition; first time in a long time they've done that. Company probably loath to cut the dividend; MFC did it, and was in the doghouse for years. If he found a horse with a better total return, he'd switch.

Telecom industry is seeing more competition and fighting for market share. None of the telcos will see much margin expansion in the near term.

BUY

Good, diversified portfolio of light-oil properties, which are always in demand. Great positions in Alberta and elsewhere. Fairly good last quarter. Well managed, consistent. Good dividend, with a good chance that it can expand. Fairly inexpensive relative to some others.

DON'T BUY
Only now getting back to pre-pandemic highs.

Has done extremely well. This has been an extremely good performance year for long-term-care REITs. Not sure there's much more in terms of capital gains from where we are now. Unless substantial pullback, wouldn't buy now.

DON'T BUY

This has been an extremely good performance year for long-term-care REITs. Not sure there's much more in terms of capital gains from where we are now. Unless substantial pullback, wouldn't buy now.

DON'T BUY

This has been an extremely good performance year for long-term-care REITs. Not sure there's much more in terms of capital gains from where we are now. Unless substantial pullback, wouldn't buy now.

BUY

Has done fairly well recently, but still thinks there's more that can come from it. Has diversified its investment holdings. Doing better and better. As it gets larger, seems to have more opportunities to make substantial additions to its portfolio. Yield's not what it used to be, but still pretty good and expects increases.

SELL

Recently, a lot more interest in hydrogen, which might be a spur to break its longtime downward trend. Very small company, not grabbing his attention. Better things to invest your $$ in.