N/A
Markets don’t go straight up or straight down. REITS are fairly valued. Changes in rules allow them more wriggle room in what they can and can’t do.
Unknown
BUY
Prayers should not be a part of an investment strategy. Yield is 20%. Business model is that they pay out all of their earnings. He would be a seller at this level. Pure yield vehicle. Risk is not there due to Fannie Mae and Freddie Mac guarantees mortgages.
Financial Services
BUY
Apartment REIT. Will see significant growth over next two years. You will do very well. Will do accretive acquisitions this year.
REAL ESTATE
COMMENT
OneREIT
You should count on the multiple being flat and about 14-15 times. Significantly over distributing but doesn’t see it being cut any time soon.
investment companies / funds
DON'T BUY
Bullish factor is migration into cities from rural Chinese. Would invest in N.A. where you have drivers for growth.
E.T.F.'s
TOP PICK
Liked for a number of years. Trading at a discounted multiple right now. Would expect to generate 14-15% returns (all in) this year. Growing free cash flow per unit.
property mngmnt / investment
TOP PICK
Biggest name in TSX. Less than 5% in US and moving to 10-15%. Successful in the US.
property mngmnt / investment
TOP PICK
Great job of delivering inline results each quarter. 14-15% (all in) from here. Very conservative management. Own a lot of stock themselves so they are on the same page.
investment companies / funds
PAST TOP PICK
(Top Pick Jan 19/10, Up 43.88%)
property mngmnt / investment
PAST TOP PICK
(Top Pick Jan 19/10, Up 21.88%)
property mngmnt / investment
PAST TOP PICK
Primaris REIT
(Top Pick Jan 19/10, Up 32.08%)
property mngmnt / investment
HOLD
Suncor Energy Inc
The number one company in the sector. Hang on to it until the price of oil goes through $100.
integrated oils
RISKY
Katanga Mining Ltd.
Is the best way to buy cobalt in the world. You are in the Congo. It is producing. They are on the pullback. A good buy at the $1.20 level.
metal mines
HOLD
Precision Drilling
Similar chart to all the drillers. Went through a difficult time and has been successful since. He would prefer one of the other drillers, but hold it. Prefers TCW or Pheonix.
oil / gas field services
TOP PICK
Likes the merger. Cold-blooded management that is now in place is terrific and is focused. The synergy is in place and you will see 5 new partnerships this year. They will make one sizeable acquisition also.
Healthcare