| Expert | Implied Signal | Company | Symbol | Price | Opinion | Date Entered |
|---|
| N/A | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | A new box on our front page “Help in finding extra information about the comments” will give you valuable insight on how to get the most out of our site. Give it a try and I think you'll be pleased.
Bill | 2008-05-10 |
| Bruce Campbell | DON'T BUY | Bank of Montreal | BMO-T | 49.000 | His least favourite bank. Doesn't like the direction they are going. Had some problems but had a decent rebound. | 2008-05-09 |
| WAIT | Barrick Gold | ABX-T | 39.510 | Have come a long way from having a hedge book and clearing out their hedge book. Came out with some great results the other day. Well diversified. Gold tends to take off in the July timeframe and he thinks there is a pause in gold right now. The technical picture on the company is not that bad. Has come down to the same level as the “left shoulder” on the chart. Wait until July. | 2008-05-09 |
| Bruce Campbell | BUY | Barrick Gold | ABX-T | 39.510 | To be a Buy you have to be reasonably confident about the gold price. Seasonally, gold usually moves May to September. If gold where to run again and take a shot at $1000, which he thinks it could reasonably do, this would be a good entry point. | 2008-05-09 |
| WAIT | CAE Inc | CAE-T | 12.870 | The company is in a good position. Well recognized internationally. Technically, the chart is showing a symmetrical triangle. Would wait for it to break out of the symmetrical triangle on the up side. | 2008-05-09 |
| Bruce Campbell | TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 15.200 | Labs and imaging business. Made an acquisition in the US and reported a 1st-quarter including this. Numbers were good. Did an issue to pay for it afterwards and it has been weak ever since even though the numbers were good. Have the ability to pay the dividend when they are taxable in 2011. | 2008-05-09 |
| Bruce Campbell | HOLD | Encana Corp | ECA-T | 86.520 | Great company. He would like to add on weakness and you may get that chance in the summer being that it is gassy. | 2008-05-09 |
| Bruce Campbell | Comment | Hudbay Minerals Inc. | HBM-T | 18.140 | As a zinc play you need economic activity. The chart does not look great and that just reflects the North American economy. | 2008-05-09 |
| Bruce Campbell | Comment | Iamgold Corp | IMG-T | 6.080 | Latest news release that they will be able to mine in Ecuador was positive. Sold their Peruvian position to Rio Alto, which was also positive. Has a project in Ecuador that is to come on stream in 2010. Current production is fairly high cost. If gold where to go back over $1000 this will probably do quite well. | 2008-05-09 |
| TOP PICK | Kellog | K-N | 50.870 | A safer way to play the market right now. Good consumer products and good brand recognition. Managing their input costs quite well. Very little downside. Decent dividend. Get out of this on October 28. | 2008-05-09 |
| Bruce Campbell | DON'T BUY | Loblaws | L-T | 32.650 | One of the reasons you may want to own it is because there is $30 a share in real estate value, but that is not the operating business and that would only come to light if they were in distress. It is actually valued quite expensively compared to other stores. Margins of all the grocers are going to get squeezed. | 2008-05-09 |
| Bruce Campbell | BUY | Manulife Financial | MFC-T | 37.370 | Trades at 11.5X earnings, which is a slight premium to both the banks and the other insurers. Has the best long-term growth. CEO announced he would be leaving next year. Longer term he is not worried at all. | 2008-05-09 |
| BUY on WEAKNESS | Potash Corp of Saskatchewan | POT-T | 198.500 | Great chart showing a solid trend and the stock is still well above that trend. It could pull back to the $135-$140 level and he would buy at that level. It across that level and showed weakness he would sell. | 2008-05-09 |
| Bruce Campbell | HOLD | Power Corp | POW-T | 33.450 | The underlying assets are Great West Life (GWO-T) and IGM Financial (IGM-T). In poorer markets, there is leverage on the mutual fund play. Great West reported the best numbers of the three Canadian life insurance companies but market concentrates on the Putnam group in the US. It will be fine. | 2008-05-09 |
| BUY | Research In Motion | RIM-T | 133.350 | Has broken through its all-time high recently. From a technical basis, it looks good. Solid uptrend. | 2008-05-09 |
| BUY | SPDR Health Care E.T.F. | XLV-A | 31.470 | (A Top Pick Oct 27/07. Down 11%.) This was basically a defensive play to the end of the year and was up at that time. | 2008-05-09 |
| WATCH | Suncor Energy Inc | SU-T | 125.780 | Might be in a blow off (rapid rise) in oil, which makes it very difficult, especially when there are no fundamentals actually driving it. The big build in oil inventory should have driven the oil price down but oil still went up. Once past the seasonality, that is when the big drops can occur. Technicals look not bad. Chart shows an ascending triangle and it has broken through very nicely. You might wait for a pullback to the resistance point of about $105. | 2008-05-09 |
| WAIT | Yamana Gold Inc. | YRI-T | 14.880 | Technically, it formed a triangle in 2006 and then broke through, broke into a down trend line in 2007 and then went into an uptrend from mid-2007. It could have a bounce from this level if gold does well. If you own, you could be looking at $19 when you might want to unload. Thinks there will be weakness in gold into the summer months. | 2008-05-09 |
| Bruce Campbell | DON'T BUY | Teck Cominco Ltd. (B) | TCK.B-T | 48.100 | Coal has been really hot in this one is about one third coal. You could buy it here if you are desperate to hold it, but the upside is only 8% to 10%. It may pull back as coal quiets down. Would prefer paying $45 or lower. | 2008-05-09 |
| Bruce Campbell | BUY | Thomson Reuters Corp | TRI-T | 37.300 | He bought this in 2 traunches at $33 and $35. It popped since then based on the closing of the merger and a good first quarter. | 2008-05-09 |
| Bruce Campbell | BUY | Toronto Dominion | TD-T | 67.170 | Skated all the sub prime. Have a little bit of US exposure through Commerce Bank, which is retail exposure. Had a long enough ramp up before the closure so were able to get them to clean up any problems before they actually brought it in. | 2008-05-09 |
| TOP PICK | Trans Canada Corp | TRP-T | 38.340 | A good way to play the oil at this point. Fairly good yield at about 3.8%. In a trading range and is near the bottom at this time and will go back up to the top of its range and possibly beyond that. | 2008-05-09 |
| Comment | TSX Group | X-T | 47.980 | The TSX has had a fantastic rally. Up to all-time highs. Chart shows it is bouncing off the top again, which is a positive sign if it can break that level. However, there is a downward trend on the lows, which concerns him. Technically, you are waiting for the breakthrough. | 2008-05-09 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Seasonal Investing: - As a seasonal investor, you would take small investments and rotate through the different sectors of the market. When does oil too well, when does Gold do well, when does technology do well etc.? You end up with a basket of these and you are averaging out over time. If you can get 70%-80% of those trades working, then you will be in the market. | 2008-05-09 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Has been a fairly reliable trade every fall. About 70% of gold is consumed by jewellery. India has a Diwali festival, which has a huge consumption of gold. Fabricators start to buy the gold in July, which tends to drive gold up until the end of September. He is a Bull on gold and thinks it will go back above $1000. | 2008-05-09 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: - Trade between Feb 5th and May 9th has been a very reliable time to trade. 23 of the last 25 years has been positive and beaten the market. What is actually happening is that the oil refineries are producing more and more gasoline for the summer driving season. The next opportunity that occurs is basically in July, which is when they refineries are starting to produce oil for the heating season. | 2008-05-09 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Food Companies: - What is happening here is that they are being squeezed and are having difficulty passing on price increases. What you want to see is a good solid name with a lot of Brand in the industry. Food tends to be in the consumer staple industries, which is a good place to be at this time. | 2008-05-09 |
| Bruce Campbell | BUY | Avenir Diversified Income Trust | AVF.UN-T | 8.130 | Have announced a deal to sell their managed trust business and got a good price for it. Also selling their real estate. What will be left is a trust with a whole big pile of cash and a small oil/gas business. Expect they will pay a special dividend or collapse the company down. Pays 12%. | 2008-05-09 |
| Comment | Bear Creek Mining | BCM-X | 7.150 | Silver is used in industry so on a seasonality basis, it will probably go with the economy. This would mean it would probably pick up in the October time frame into May when it will then start to slack off. | 2008-05-09 |
| Bruce Campbell | TOP PICK | Addax Petroeum Corp. | AXC-T | 50.000 | An oil play. A multibillion-dollar market cap oil stock, but because it is international it was lagging. Just reported and cash flow was annualizing at $12. Still has quite a ways to go. | 2008-05-09 |
| PAST TOP PICK | SPDR Technology E.T.F. | XLK-A | 24.500 | (A Top Pick Oct 27/07. Down 12%.) Technology sector tends to do well in the fall, from October into the beginning of January. The consumer Las Vegas electronics show tends to be a big driver. People tend to buy technology ahead of that. January was the suggested Sell date. Not a big fan of the technology sector at this point. | 2008-05-09 |
| PAST TOP PICK | HOLDRs Retail E.T.F. | RTH-A | 94.440 | (A Top Pick Oct 27/07. Down 4%.) Retail sector tends to do very well every year from the end of October to the end of November. This was a very short-term trade. His results where flat or slightly down. | 2008-05-09 |
| Bruce Campbell | TOP PICK | Anglo Potash Ltd | AGP-X | 6.070 | Junior potash play, adjacent to the big guys in Saskatchewan. Won’t be in production for about 5 years however it is in a joint venture with BHP Billiton (BHP-N). Potash is the one hot mineral that Billiton does not have and the easiest thing for them to do would be to buy the company and do it themselves. Also, if you value this company like you do potash you have an asset value of about $12. | 2008-05-09 |
| TOP PICK | SPDR Consumer Staples E.T.F. | XLP-A | 27.840 | From a currency perspective, he wants to be in something safe in the US. On a seasonal basis, consumer staples tend to do well at this point. From a technical perspective, the chart shows a solid trend line in place. Get out of this on October 28. | 2008-05-09 |
| Comment | U.S. Gasoline Fund E.T.F. | UGA-A | 59.330 | The big thing with seasonality is that you buy before the seasonal impact takes place. Technically, the chart looks very good but on seasonality, he is expecting there will be some weakness. The one thing not factored in, will people be making adjustments on their driving habits this year. Would start getting out of this position now. | 2008-05-09 |
| Cameron Webster | WAIT | Agrium | AGU-T | 87.840 | Has had a huge run. There is a consistent message that it may not be as strong by the end of the year. The market has been pricing it up for perfection. He feels there will be a pullback in some of the commodity prices, which would be a more opportunistic time to step in. Good diversified business. | 2008-05-08 |
| Brian Acker | Comment | Alcoa | AA-N | 39.650 | He has a model price of $41.23, a positive 8% differential. He thinks the high on this one will probably be about $42.20 and if it broke up through there he would use $42.20 as a Stop. | 2008-05-08 |
| Brian Acker | SELL | Bank of America | BAC-N | 37.330 | Model price of $36.89, a -3% differential. Thinks the US banks have a big head wind. Once we get through the credit crisis, (he thinks the federal reserve is letting inflation go) and once we get over this phase he expects a substantial increase in interest rates. | 2008-05-08 |
| Cameron Webster | SELL | Barclays Bank PLC | BCS-N | 36.190 | Being impacted by the credit markets. The UK is a bit of a rough market to be in. They don't have direct lending in terms of sub prime but have had some recessionary clues in terms of that market. Use any type of strength to lighten up and diversify into other sectors or a different geography. | 2008-05-08 |
| Brian Acker | BUY | Barrick Gold | ABX-T | 41.000 | His favourite in golds. His model price is $46.70, a 20% positive differential. | 2008-05-08 |
| Cameron Webster | TOP PICK | CAE Inc | CAE-T | 12.350 | A global star if you look down their revenue streams and where they're getting their money. Pretty much outside of North America and Europe. Not super cheap, but the order book last year was really strong. There is a worldwide shortage of pilots and they pretty much do all the simulation. | 2008-05-08 |
| Brian Acker | DON'T BUY | Cameco Corporation | CCO-T | 40.760 | His model price is $37.21, about an -8% differential. | 2008-05-08 |
| Brian Acker | DON'T BUY | Canadian Pacific Rail | CP-T | 74.480 | (Market Call Minute.) Model price is $66.21 giving it a -8% differential. | 2008-05-08 |
| Brian Acker | DON'T BUY | CanWest Global Comm. | CGS-T | 4.030 | (Market Call Minute.) A model price of $3.76. A -8% differential. | 2008-05-08 |
| Cameron Webster | BUY | China Mobile Hong Kong | CHL-N | 84.870 | A really good proxy for the emerging market consumer. European, UK and US consumers may struggle for the next 12 to 18 months. The Asian consumer is still employed and earning higher wages with a pent-up demand for these toys. This is the biggest player there. | 2008-05-08 |
| Brian Acker | Comment | ConocoPhillips | COP-N | 89.450 | Still in his Top 10. He has a model price of $128.41, a 46% positive differential. | 2008-05-08 |
| Brian Acker | DON'T BUY | El Paso Corp | EP-N | 19.120 | His model price is $15.33. A -16% differential. Sees a lot more value elsewhere. | 2008-05-08 |
| Brian Acker | TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 118.070 | This has made it into his Top 10 of his US 50 fund it has to be in the top 100 of the S&P 500 by market cap. He is surprised that it made it. It is a materials (copper) company. His model price is $146.68, which is a 29% positive differential. | 2008-05-08 |
| Brian Acker | BUY | Gerdau Ameristeel Corp | GNA-T | 16.290 | This company is not big enough to make it into his portfolio. However, the fundamentals are quite good. Based on their December balance sheet, his model prices $24.76, a positive differential of about 54%. Any pull back to $14.50 would be a great buying opportunity. | 2008-05-08 |
| Brian Acker | Comment | Kinross Gold | K-T | 20.540 | His model price is $20.55, a 6.6% upside. Would prefer Barrick (ABX-T) to this one. | 2008-05-08 |
| Brian Acker | PAST TOP PICK | Lehman Brothers Holdings | LEH-N | 42.930 | (A Top Pick May 2/07. Down 42%.) Still has a model price of $75.31. That's a 72% positive differential. He would trade this now as opposed to Buy and Hold. Be cautious with this group. | 2008-05-08 |
| Brian Acker | Comment | Manulife Financial | MFC-T | 36.900 | (Market Call Minute.) His model price is $38.88, a -1% differential. | 2008-05-08 |
| Brian Acker | TOP PICK | Marathon Oil | MRO-N | 52.910 | Has a model price of $77.93, a 50% positive differential. Has a larger refining business than most of the others. Very cheap. | 2008-05-08 |
| Brian Acker | DON'T BUY | Merrill Lynch & Co | MER-N | 47.940 | His model price is $35.94. That is a -26% differential. Fundamentals have deteriorated. | 2008-05-08 |
| Brian Acker | PAST TOP PICK | National Bank of Canada | NA-T | 52.330 | (A Top Pick May 2/07. Down 12%.) This is the one bank that has kind of held in there. Never had the disasters of the CIBC (CM-T) or Bank of Montreal (BMO-T). His model price is $71.44, a 36% positive differential. | 2008-05-08 |
| Brian Acker | DON'T BUY | Oilexco Inc | OIL-T | 16.560 | His model price is $24.87, which is a 50% positive differential. It would be great to see some upside earnings revisions but he is expecting a negative revision. | 2008-05-08 |
| Brian Acker | TOP PICK | Petro-Can | PCA-T | 55.880 | His model price is now $92.15, a 70% positive differential. This is one of the cheapest oils out there. | 2008-05-08 |
| Brian Acker | PAST TOP PICK | Pfizer Inc | PFE-N | 19.970 | (A Top Pick May 2/07. Down 20%.) Still in his Top 10. His model price is $34.72, a 74% positive differential. | 2008-05-08 |
| Cameron Webster | BUY | Hanfeng Evergreen | HF-T | 12.380 | An interesting play on fertilizer. Listed in Toronto but the entire business is in China. Very interesting play and you are probably getting up at a decent discount to Agrium (AGU-T). Agrium owns a big chunk of this one. | 2008-05-08 |
| Brian Acker | Comment | Potash Corp of Saskatchewan | POT-T | 202.650 | He has a model price of $136.54, which is a -32% differential. This is a situation where the stock price is anticipating the model price jumping up. Prefers Agrium (AGU-T) which he thinks is better value. | 2008-05-08 |
| Brian Acker | DON'T BUY | Sandisk Corp | SNDK-Q | 29.200 | (Market Call Minute.) Model price of $32.04, a positive 9% differential. He would look for value elsewhere. | 2008-05-08 |
| Brian Acker | BUY | Viterra Inc | VT-T | 14.120 | His model price is $16.91, a 23% positive differential. | 2008-05-08 |
| Brian Acker | Comment | Staples | SPLS-Q | 21.440 | The model price is $28.46, a positive 30% differential. Thinks this would be consumer discretionary, which is not the favourite of most portfolio managers, but this is done very well to hang in there. Not cheap enough to get into his portfolios but doing a very good job in a hostile retail environment. | 2008-05-08 |
| Brian Acker | BUY | Talisman Energy | TLM-T | 23.200 | This one is now in his Top 10. It has had a huge (underline that) boost in earnings estimates. He has a model price of $31.11, a 39% positive differential. | 2008-05-08 |
| Brian Acker | BUY | Yamana Gold Inc. | YRI-T | 14.920 | The model price is $21.07, around a 50% upside. | 2008-05-08 |
| Brian Acker | Comment | Teck Cominco Ltd. (B) | TCK.B-T | 49.120 | He has a model price of $72.46, a 50% upside. Thinks the high would be about $49.70 and if it broke through that he would Buy and use $49.70 as a Stop. | 2008-05-08 |
| Brian Acker | SELL | Tellabs | TLAB-Q | 5.440 | The model price is $6.09 giving it an upside of 9%. He probably has sold his position. Expecting severe negative revisions. | 2008-05-08 |
| Brian Acker | BUY | UnitedHealth Group Inc | UNH-N | 33.000 | Has come close to buying this a couple of times. He has a model priced at $40.89, a 25% positive differential. It comes close, but he has not bought it yet. | 2008-05-08 |
| Brian Acker | SELL | Valero Energy Corp | VLO-N | 46.270 | Refineries are really having a tough time here. His model price is $79.26, a 66% positive differential. He still has it but it is no longer in his Top 10. There is going to come a time when these companies will make nothing but money. Consider changing to Canadian companies. (See his Top Picks.) | 2008-05-08 |
| Brian Acker | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: - Not sure the market has bottomed yet.
Financials: - His computer models are reflecting a serious deterioration in earnings estimates on US financials. Model price has gone substantially below some of the big banks. Huge headwinds going forward, so trade, not Buy, Canadian and US financials.
Energy: - Most mispriced sector in the market. There have been substantial increases in earnings estimates in the last 2 weeks. Values, especially Canadian, have not reflected the increases. | 2008-05-08 |
| Cameron Webster | TOP PICK | ABB Ltd. | ABB-N | 31.310 | A global play on electricity infrastructure. Over a full third of their revenues is in the high growth emerging markets. Also, their developed markets are growing at mid-double digits so you are getting a 20% earnings growth stock for about 17X earnings. Strong dividend growth. Anywhere around $28 would be a comfortable level to buy. | 2008-05-08 |
| Brian Acker | DON'T BUY | Precision Drilling Corp. | PD.UN-T | 27.670 | This is still in the trust structure and he does not allow trusts. His model price is $41, which would be a 58% positive differential but with all these companies they do have to convert, eventually, back to the corporate structure. There will be a 30% haircut somewhere. | 2008-05-08 |
| Cameron Webster | BUY on WEAKNESS | Mastercard Inc. | MA-N | 293.410 | 2 marquee stocks that he is watching right now are Visa (V-N) and MasterCard (MA-N). They have no credit risk. They are transactional-based businesses. The multiples in terms of earnings are a bit rich. Wait for a pullback. If you want global growth, MasterCard would be the better. | 2008-05-08 |
| Cameron Webster | TOP PICK | Nestle | NESN-VX | 0.001 | (German stock exchange.) Nice global platform. Have assets that are not getting full value. Own a big piece of L’Oreal (cosmetics) and a big piece of Alcon (eye care). Recently sold a piece of Alcon to Novartis (NVS-N). Core businesses are global in nature. Getting about 15%-20% earnings at 17X. | 2008-05-08 |
| Brian Acker | DON'T BUY | AbitibiBowater Inv. | ABH-N | 10.480 | Told a caller a couple of months ago to “head for the hills” when it was at around $20 something. Has now dropped into the $9 range. His model price is $3.73, a -60% differential. | 2008-05-08 |
| Cameron Webster | BUY on WEAKNESS | Visa Inc. | V-N | 87.300 | 2 marquee stocks that he is watching right now are Visa (V-N) and MasterCard (MA-N). They have no credit risk. They are transactional-based businesses. The multiples in terms of earnings are a bit rich. Wait for a pullback. If you want global growth, MasterCard would be the better. | 2008-05-08 |
| Brian Acker | DON'T BUY | Pro Shares Ultra Short Mid Cap 400 ETF | MZZ-A | 52.600 | Q: Jean-Francois Tardiff had this ETF Short as a Top Pick because of his views on the US economy. What do you think? A: He doesn't see it as a risk/reward. In 2002, he bought this index for some US clients and he still holds it. It is currently around 846 (?) and if it ever shot up to around 1100 (?) he would agree. | 2008-05-08 |
| Cameron Webster | Comment | Global Agribusiness Trust | AGB.UN-T | 8.380 | This particular product is a closed end fund, which tend to trade at discounts to go realizable value. The assets within these funds are usually and always publicly traded companies. Liquidity is pretty low. Look at their website to see what is actually held and compare it to other stocks in the agricultural side that you might he looking at. | 2008-05-08 |
| Cameron Webster | BUY | Mindray Medical International Ltd. | MR-N | 39.550 | Pretty diversified but really a play on medical devices and medical testing in China. Layer on the demographics and the need for continued health-care and support for that from the Chinese government. Stocks have been really beaten down but the businesses are still growing. Likes this one for the dynamics. | 2008-05-08 |
| Paul Thornton | DON'T BUY | Agnico-Eagle Mines | AEM-T | 62.750 | One of the better gold stocks. The gold sector does not look very good to him at all. Gold peaked almost 2 months ago. There is a huge amount of volume coming out of this and some of the other big gold performers and gold itself does not look very good. He is looking for a significant correction in gold stocks. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Agrium | AGU-T | 86.540 | Fertilizers are in a very interesting situation right now. Made huge long-term moves and very large short-term moves. Historically, the stock is very extended. Once a stock is 70% to 100% from its 200 day moving average, it is looking for a significant short-term decline. This is hanging in close to its high, which is a positive but a lot of the volume has been on the down side in the group since they peaked a couple of weeks ago. Very high risk right now. | 2008-05-07 |
| Paul Thornton | HOLD | Arch Coal Inc. | ACI-N | 63.600 | Coal is a sector that has been absolutely hot. Any coal stocks should be a Hold. The issue with the big winners is that they are quite extended from the start of their run. Long-term fundamentals for coal continue to look very good. A significant pullback of 15% or 20% would be your opportunity to buy. Sentiment will be negative at that point but it is a much better risk/reward ratio for a longer-term play. | 2008-05-07 |
| Greg Taylor | BUY | Barrick Gold | ABX-T | 39.190 | One of the few places in Canada where you can have a global leader and they have done a fantastic job in getting to that stature. Great management team. They don't have as good a growth profile right now as other senior gold companies. This is due to some permitting risks and timing delays they've had. He is positive on gold and the seniors. | 2008-05-07 |
| Serge Depatie | BUY | Bioniche Life Sciences | BNC-T | 0.810 | A vaccine that is used in cattle to reduce E. coli. The question is, does it immunize enough. Very promising. Very stable revenue. Trading at only 2X sales so you get their cancer and cattle products for free. | 2008-05-07 |
| Serge Depatie | DON'T BUY | Biovail Corp. | BVF-T | 11.840 | In a proxy fight with the founder trying to get back the company. Not a bad company but in a bad environment with the FDA right now. | 2008-05-07 |
| Paul Thornton | BUY | Bombardier Inc (B) | BBD.B-T | 6.530 | A very attractive looking stock here. Has been in a pretty good uptrend for over a year and is now clearing its range it has been in coming out of the bear market. | 2008-05-07 |
| Paul Thornton | HOLD | Canadian Imperial Bank of Commerce | CM-T | 73.400 | Undergoing a bit of a recovery, but it is a long way off the high. He would suggest not buying any Canadian banks right here, at least this one. He would like to see more of a recovery. Give it some time to go through a bottoming process but this could go on for a long time. | 2008-05-07 |
| Paul Thornton | BUY | Canadian Oil Sands Trust | COS.UN-T | 48.250 | Oil/gas sector is really hot and this is a long-term proven winner. | 2008-05-07 |
| Greg Taylor | BUY | Cisco | CSCO-Q | 25.780 | Really a play on the Internet, its growth and everything digital. They are the top IT company. He is positive on the tech companies and this company. $24 billion in cash on the balance sheet. | 2008-05-07 |
| Serge Depatie | TOP PICK | CryoCath Technologies | CYT-T | 4.170 | Treats atrial fibrillation (irregular heartbeat). This is a large coming market in cardiac area that is unsolved. The clinical trials they are doing in the US and Europe are indicating that the doctors are really adopting the product. Will probably be the leading therapy in this area. Expecting a takeout, especially if they get FDA approval. | 2008-05-07 |
| Greg Taylor | DON'T BUY | Crystallex International | KRY-T | 0.690 | This one highlights the political risk that has been seen in the gold sector of late. Venezuelan government just threw out their permit and it is now a big uncertainty as to what they actually own. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Delta Air Lines Inc | DAL-N | 0.620 | High cost of jet fuel has a significant impact on airlines. Airline industry in the US is undergoing consolidation right now because it is in big trouble. | 2008-05-07 |
| Paul Thornton | TOP PICK | Encana Corp | ECA-T | 84.570 | Canada's biggest natural gas producer. Natural gas price has doubled and the stock is in an uptrend. Thinks earnings growth is going to surprise people. | 2008-05-07 |
| Paul Thornton | HOLD | Fording Canadian Coal Trust | FDG.UN-T | 69.120 | Coal is a sector that has been absolutely hot. Any coal stocks should be a Hold. The issue with the big winners is that they are quite extended from the start of their run. Long-term fundamentals for coal continue to look very good. A significant pullback of 15% or 20% would be your opportunity to buy. Sentiment will be negative at that point but it is a much better risk/reward ratio for a longer-term play. | 2008-05-07 |
| Paul Thornton | BUY | General Electric | GE-N | 32.570 | (Market Call Minute.) Investors could do well by buying in here and being patient. | 2008-05-07 |
| Greg Taylor | TOP PICK | Goldcorp Inc | G-T | 37.700 | The Canadian senior with the best growth projects going forward. Massive mine in Mexico that they are starting up right now, which is a good gold/silver deposit. Should have Firstgold Corp in the summer. You really want to own these companies when they start putting mines into production. Also good projects in Quebec. Also have the Red Lake project in Ontario. | 2008-05-07 |
| Paul Thornton | HOLD | Hillsborough Resources Limited | HLB-T | 1.010 | This is a winner from the coal group. One of the few junior stocks that is seeing any upside. | 2008-05-07 |
| Greg Taylor | BUY | Kinross Gold | K-T | 19.280 | Earnings yesterday were slightly disappointing but they have good diversified projects. You always want to buy gold companies just won a big project is coming on line and they've got that with Kupol in Russia. Seems like the tide is turning in Russia and it is getting better. | 2008-05-07 |
| Paul Thornton | PAST TOP PICK | Microsoft | MSFT-Q | 29.210 | (A Top Pick Nov 21/07. Down 13%.) Was not bound as much as other stocks during the Bear but it’s obviously not coming back either. Clearly the issue with Yahoo (YHOO-Q) is hanging over its head. Can't see any catalyst in the short run. Still a Hold for a few months and if it doesn't do anything, get rid of it. | 2008-05-07 |
| Paul Thornton | HOLD | NAL Oil & Gas Trust | NAE.UN-T | 15.110 | Has run from about $12-$13 to $15 which is pretty good percentage for an income trust. There may be a short-term pullback. Stick with your winners, especially in the income trust side. 13% yield. | 2008-05-07 |
| Paul Thornton | HOLD | Birchcliff Energy Ltd. | BIR-T | 10.850 | (Market Call Minute.) Had a pretty good run. Doesn't know that he would Buy here, but it is definitely a winner. | 2008-05-07 |
| Paul Thornton | SELL | Nortel | NT-T | 8.330 | Strong earnings growth is projected for this company but the stock is not responding. Cannot see at recovering. | 2008-05-07 |
| Paul Thornton | WATCH | Oilexco Inc | OIL-T | 16.520 | Potentially has a huge upside and could be $50-$60 a share. Production is expected to be 4X the current level. Has already made a big move and has been consolidating since last fall. He would like to see it move higher with significant volume, which would be your entry point. Stepping in now, there is a risk it is still consolidating and could drop back to $13-$14. | 2008-05-07 |
| Greg Taylor | BUY | Oilexco Inc | OIL-T | 16.520 | One of the best stocks to own for the last few years. In the North Sea and they have gone after some high profile targets. Probably on a lot of M&A lists right now as a target. | 2008-05-07 |
| Paul Thornton | BUY | Petro-Can | PCA-T | 54.430 | It just triggered a Buy yesterday as it is just clearing that range it has been trading in since it peaked last July. There is a lot of volume coming in and the price gain was good. Another oil/gas stock that is starting to move. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Potash Corp of Saskatchewan | POT-T | 199.700 | Fertilizers are in a very interesting situation right now. Made huge long-term moves and very large short-term moves. Historically, the stock is very extended. Once a stock is 70% to 100% from its 200 day moving average, it is looking for a significant short-term decline. A lot of the volume has been on the down side in the group since they peaked a couple of weeks ago. Very high risk right now. | 2008-05-07 |
| Paul Thornton | TOP PICK | Research In Motion | RIM-T | 131.000 | Keeps reporting triple digit growth in earnings and sales. There is really nobody competing with the Blackberry. A nice quiet mover, chugging higher. | 2008-05-07 |
| Greg Taylor | TOP PICK | Research In Motion | RIM-T | 131.000 | Best technology company in Canada. Stock just keeps delivering. Have a lot of room to go. Good slate of new products they are going to launch in the 2nd half of the year. | 2008-05-07 |
| Serge Depatie | BUY | Response Biomedical | RBM-T | 0.650 | Led by one of the most reputable and solid management teams in healthcare. In food agnostics right now and has the right partners. Diversified with 2 products, a hospital cardiac diagnostic tool. | 2008-05-07 |
| Paul Thornton | HOLD | RioCan Real Estate Investment | REI.UN-T | 21.650 | (Market Call Minute.) Really likes the REIT sector. A better alternative to bottom fishing in the banks. | 2008-05-07 |
| Paul Thornton | SELL | Starbucks | SBUX-Q | 15.950 | Suffered a giant decline from $40. You would think the decline was over, but he sees some things on the fundamental side that concerns him. He would be a seller despite the large decline. Concerned there will be more downside. | 2008-05-07 |
| Greg Taylor | Comment | Talisman Energy | TLM-T | 22.300 | Hasn't done as well as you would expect for an oil company. Started moving up as people get comfortable with the new CEO. Investor Day comes on May 21 and a lot of people are getting excited about what he will announce, where he is going to focus and where growth is going to come from. He has been taking profits in the last few days and will probably buy it back on dips. | 2008-05-07 |
| Greg Taylor | BUY | Yamana Gold Inc. | YRI-T | 13.810 | Earnings look fairly good. Stock has come down an incredible amount in the last few months. Wouldn't be surprised to see it get up in the high teens again. | 2008-05-07 |
| Greg Taylor | TOP PICK | Thomson Reuters Corp | TRI-T | 37.600 | You have a chance right now to get it at a bit of a discount. With the Reuters Thompson combination, you've got a powerhouse in the data management. Have a lot of growth going on in financials and legal systems. | 2008-05-07 |
| Paul Thornton | HOLD | Toronto Dominion | TD-T | 66.800 | (Market Call Minute.) Probably the best looking Canadian bank and if you were going to buy one this would be it. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Westjet Airlines | WJA-T | 15.960 | One of the few airlines that was a big winner a year ago but it just made another lower low, which is not a good sign. Pretty significantly off its highs. Would stay away from the airlines in general. | 2008-05-07 |
| Paul Thornton | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: - Market is moving higher. Jan/23 climax selloff marked a significant bottom. Went through a bottoming out process that ended March 17. A lot of selling has been done and a lot of companies continue to grow their earnings and sales. Most stocks are recovering. Stay away from financials. Junior resource stocks continue to be in a terrible Bear market. Doesn't know what it will take to get them out, so stick with large caps of over $10 billion market cap trading at least 7 or 8 hundred thousand shares a day. | 2008-05-07 |
| Greg Taylor | Comment | Absolute Software Corp. | ABT-T | 11.900 | He is positive on the IT sector. A great sector to be in for the 2nd half of the year. A lot of companies try to increase their efficiencies by looking for IT solutions. | 2008-05-07 |
| Paul Thornton | SELL | NYSE Group | NYX-N | 73.260 | Q: Should caller sell this and by Visa (V-N). A: NYSE Group is not really performing very well. Thinks this would be a reasonable trade but there could be a pullback on Visa in the short term. | 2008-05-07 |
| Paul Thornton | SELL | Kaboose Inc. | KAB-T | 0.950 | Was a big winner a couple of years ago but has been selling off badly and has just had another lower low. That's a sign that it is time to get out. | 2008-05-07 |
| Paul Thornton | TOP PICK | Brookfield Asset Management (A) | BAM.A-T | 34.350 | His segue into industrial/commercial real estate in general. Not a pure play of a REIT but a company that continues to do good business and were involved in a takeover during a credit crunch starting last year so the stock has come off quite a bit. Expect it will start to come back when credit starts to loosen up. | 2008-05-07 |
| Paul Thornton | BUY | Mastercard Inc. | MA-N | 291.010 | A lot of buying by big money has been going into this company. A benefit they have is that they don't carry the possible default risk. Up nearly 6X of the original IPO price. Could pull back in the short term, but long-term it looks like a big winner. Mutual funds will continue to accumulate this stock. If you own, continue to Hold. | 2008-05-07 |
| Paul Thornton | HOLD | Lundin Mining Corp. | LUN-T | 7.290 | (Market Call Minute.) Not a Buy. | 2008-05-07 |
| Paul Thornton | SELL | Garmin Limited | GRMN-Q | 42.890 | (Market Call Minute.) Stock has suffered a big decline. Its market share is being threatened. Failed to undertake an acquisition last year that Nokia made. | 2008-05-07 |
| Greg Taylor | WAIT | Gold Eagle Mines Ltd. | GEA-T | 7.850 | Possible acquisition by Goldcorp (G-T). Really interesting story. Right next to the Red Lake gold camp that Goldcorp owns and it looks like it is the extension of the high-grade zone. Incredibly deep and the land is under water so they've had a hard time drilling. Will need more time. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Mosaic Company (The) | MOS-N | 124.650 | Fertilizers are in a very interesting situation right now. Made huge long-term moves and very large short-term moves. Historically, the stock is very extended. Once a stock is 70% to 100% from its 200 day moving average, it is looking for a significant short-term decline. A lot of the volume has been on the down side in the group since they peaked a couple of weeks ago. Very high risk right now. | 2008-05-07 |
| Paul Thornton | DON'T BUY | Timminco Ltd. | TIM-T | 23.700 | Their technology is being challenged. Stock made a huge gain, but ever since then it has become very choppy and the way it trades. The big run-up was on expectation meaning there is no profit yet from that side of the business. Something does not seem right there. There are other sources for solar such as First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q). | 2008-05-07 |
| Serge Depatie | BUY | Prometic Life Sciences Inc. | PLI-T | 0.385 | The cat with 9 lives. Started off as a technology company to process biotechnology products. This is doing fine and will be a good business for them eventually. Have just disclosed phase 2 results for an immune drug that will compete with Amgen products. FDA almost took Amgen products off but there was no alternative. Now this company is coming in that could replace the therapy. On his radar screen. | 2008-05-07 |
| Paul Thornton | BUY | Thompson Creek Metals | TCM-T | 23.350 | A significant player in the molybdenum space. Starting to recover now. Can see at recovering to $27 giving you a short-term trading opportunity. | 2008-05-07 |
| Paul Thornton | BUY | Arise Technologies Corporation | APV-T | 2.190 | If you like the solar space, some of the companies that you could consider are First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q). | 2008-05-07 |
| Paul Thornton | PAST TOP PICK | Bidz.com Inc. | BIDZ-Q | 10.150 | (A Top Pick Nov 21/07. Down 42%.) This stock was red hot at the time. Had very good fundamentals. Investors abandoned small caps, especially ones that are relatively new to the market. Time to move on. | 2008-05-07 |
| Paul Thornton | BUY | Canadian Solar Inc. | CSIQ-Q | 28.290 | If you like the solar space, some of the companies that you could consider are First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q). | 2008-05-07 |
| Paul Thornton | BUY | First Solar Inc. | FSLR-Q | 276.850 | If you like the solar space, some of the companies that you could consider are First Solar (FSLR-Q), a rise technology (APV-T) and Canadian Solar (CSIQ-Q). | 2008-05-07 |
| Paul Thornton | BUY | Visa Inc. | V-N | 88.500 | They don't have the problem of a possible default risk as they are just processing transactions. Mutual funds will be accumulating this stock. | 2008-05-07 |
| Paul Thornton | PAST TOP PICK | CASH | CASH | 0.000 | (A Top Pick Nov 21/07.) Get your cash into the market now. | 2008-05-07 |
| Serge Depatie | TOP PICK | LAR Research Inc. | LRI-T | 7.740 | Located in Montreal which is a hub for clinical trials in this company has taken the opportunity there. Has grown tremendously and he sees no end in sight in terms of obtaining contracts by the pharmaceutical industry, which more and more has to outsource research work. They have quality contracts. | 2008-05-07 |
| Kevin Hall | TOP PICK | Altagas Services | ALA.UN-T | 25.390 | Gather and process natural gas in Western Canada. Has some good upside. 8.4% yield. | 2008-05-06 |
| Kevin Hall | PAST TOP PICK | Arc Energy Trust Units | AET.UN-T | 27.910 | (A Top Pick July 11/07. Up 36%.) This is one of those core holdings that you want to have in your portfolio for energy exposure. Good holdings in the Montne B.C. play. | 2008-05-06 |
| David Burrows | BUY | BCE Inc. | BCE-T | 36.560 | Believes the deal will get done at $42.75. Doesn't expect there will be a re-pricing. | 2008-05-06 |
| Kevin Hall | TOP PICK | Canadian Real Estate Investment | REF.UN-T | 28.540 | Very stable name. Great balance sheet. 75% payout ratio. Good financial flexibility. While diversified across retail, industrial and office. 4.7% yield and he would anticipate a distribution increase this year. | 2008-05-06 |
| Kevin Hall | PAST TOP PICK | Cominar Real Estate Inv Tr | CUF.UN-T | 20.650 | (A Top Pick July 11/07. Up 2%.) A good diversified REIT. Have done a good job in turning acquired assets from Montreal around. Management owns 25%. | 2008-05-06 |
| Kevin Hall | TOP PICK | Davis & Henderson Income Fund | DHF.UN-T | 17.290 | Dominant supplier of cheques to Canada's leading financial institutions. The selloff in February was overdone. Recommends a Partial Buy now and if it sells off more, add to it. | 2008-05-06 |
| Kevin Hall | Comment | Dundee REIT | D.UN-T | 33.910 | Sold a good chunk of their Eastern/Central Canada portfolio and held on to the Western B class and C class assets. With strong energy prices, there are signs that Alberta is picking up again. Good holding for now but would be out by 2009/2010 as there will be a lot of new construction in Calgary. | 2008-05-06 |
| David Burrows | BUY | Duvernay Oil Corp | DDV-T | 51.800 | Added 46% to their reserves last year. A good way for the more aggressive investor to play the Montne play. Will have to spend a lot of money to drill out the targets. There could be 17 TCF of natural gas in this area. | 2008-05-06 |
| David Burrows | TOP PICK | Encana Corp | ECA-T | 84.240 | He really likes gas. Well diversified portfolio. 8 different properties producing over 140 TCF of gas. Very strong growth. Biggest player in the Montne. Analysts are undershooting gas prices. Have been buying back stock. | 2008-05-06 |
| David Burrows | Comment | Fairfax Financial | FFH-T | 283.580 | Haven’t looked at this for the last month or so but up to that point they had a fairly significant bet against financials by shorting a very large number of financial services companies. This is a way to participate in shorting financials. | 2008-05-06 |
| David Burrows | TOP PICK | Fording Canadian Coal Trust | FDG.UN-T | 70.200 | One of the concerns was that prices would come down because Australia saw flooding and that constrained supply. China has really been out of the world coal market for the last 18 months. They have been buying metallurgical coal from the US at $350 a ton and offering 3 and 4 year contracts at those prices. | 2008-05-06 |
| Kevin Hall | Comment | Keystone North America Inc. | KNA.UN-T | 6.580 | Wasn't actually structured as an income trust but as an Income Depository Security that consisted of a common share and some debt paper clipped together. They are proposing to replace debt with more equity. Rights were issued to unitholders. This allows debt to be replaced with common shares. He feels it makes sense to exercise the Rights. | 2008-05-06 |
| Kevin Hall | Comment | H&R Real Estate Inv Trust | HR.UN-T | 20.190 | Quality in the base assets is quite high with long-term leases and long-term debt maturities. Bow development in Calgary has proven to be a challenge for them. Haven't secured their financing costs and haven't locked in 100% of their construction costs. Feels management will get through this. | 2008-05-06 |
| David Burrows | BUY | Husky Energy | HSE-T | 49.030 | Likes the big energy companies. Weekly charts would show they have broken out of 2 years of consolidation, which is extremely bullish. | 2008-05-06 |
| Kevin Hall | Comment | Labrador Iron Ore | LIF.UN-T | 56.990 | Iron ore prices have been going up substantially. Expect distributions will go up this year. If you own and you have made big gains, consider taking some money off the table. | 2008-05-06 |
| Kevin Hall | HOLD | NAL Oil & Gas Trust | NAE.UN-T | 15.120 | Benefiting from the higher energy prices. There is potential here for them to increase distributions. 13% yield. | 2008-05-06 |
| Kevin Hall | SELL | Penn West Energy Trust | PWT.UN-T | 31.800 | Had some challenges in the past in terms of their capital efficiency ratios. Has had a decent rally. Acquired Canetic Resources last year, which he didn't feel was a good one. There are better alternatives. | 2008-05-06 |
| David Burrows | Comment | Hanfeng Evergreen | HF-T | 13.050 | Likes the agricultural sector. This company is not quite proven so he prefers to own Mosaic (MOS-N), Potash (POT-T) or Agrium (AGU-T). | 2008-05-06 |
| David Burrows | BUY | Viterra Inc | VT-T | 13.790 | This is a great way to participate in agriculture. Have been vocal in saying they want to maintain a conservative balance sheet. Thinks they will be actively looking for acquisitions. This is a longer cycle issue. | 2008-05-06 |
| David Burrows | HOLD | Talisman Energy | TLM-T | 21.990 | Has gone through a makeover and are focusing on unconventional energy, specifically shale gas. There is new technology for extricating gas out of shale and they are a major player in this area. | 2008-05-06 |
| David Burrows | HOLD | Thomson Reuters Corp | TRI-T | 37.160 | Has been going through a makeover in the last number of years. On the one hand, they have created a global player that could be a significant growth player. The big concern is that their customers are financial service companies. He has nibbled and taken a very small bite of this one. | 2008-05-06 |
| Kevin Hall | DON'T BUY | TransForce Income Fund | TIF.UN-T | 7.560 | One of Canada's largest trucking firms. Trucking is very cyclical and will move with the economy. Thinks they are intending to convert back to a corporate structure and distributions will be reduced. A little early to be looking at this one. | 2008-05-06 |
| Kevin Hall | PAST TOP PICK | Yellow Pages Income Fund | YLO.UN-T | 10.700 | (A Top Pick July 11/07. Down 18%.) Guilty by association with global competitors that are in financial difficulties. Much better competitor landscape in Canada. Online strategy has been going quite well. Dividend is very safe. Still a Buy. | 2008-05-06 |
| David Burrows | Comment | Grande Cache Coal Corp. | GCE-T | 6.980 | Controversy on the spot price of coal at $300 and some believe it will not last. This company produces a couple of million tons of met coal. Some of the mines have relatively short lives. Developing another mine that could give them 5 years. (Also see Top Picks.) | 2008-05-06 |
| Kevin Hall | Comment | Trilogy Energy Trust | TET.UN-T | 13.090 | Predominantly natural gas. Low payout ratio, so he would expect a distribution increase. Benefits from a 20% ownership of Paramount Resources (POU-T). If you own, consider taking some profits after the distribution increase. There are better alternatives. | 2008-05-06 |
| Kevin Hall | Comment | Hungtingdon REIT | HNT.UN-T | 2.040 | Payout ratio is probably north of 140%. Will be difficult for them to grow in this kind of environment. Wouldn't be comfortable owning this. Expects distributions will be cut. | 2008-05-06 |
| Kevin Hall | PARTIAL SELL | Precision Drilling Corp. | PD.UN-T | 26.210 | Will be looking to expand beyond North America. This is the shoulder season for energy, soul if you own, he would recommend taking some profits. If you don't own, Wait. | 2008-05-06 |
| Kevin Hall | HOLD | Bell Aliant | BA.UN-T | 30.370 | Has probably been one of the best performing telecom stock. Pretty steady performer but wouldn't put new money in. | 2008-05-06 |
| Kevin Hall | DON'T BUY | Pengrowth Energy Trust | PGF.UN-T | 20.170 | Payout ratio on a relative basis to their peers is quite high. Also carry a bit higher than normal debt. Good assets. Would Prefer Arc Energy AET.UN-T), Crescent Point (CPG.UN-T) or Vermilion Energy (VET.UN-T). | 2008-05-06 |
| David Burrows | BUY | Visa Inc. | V-N | 87.530 | Thinks the stock goes higher in the intermediate term. The Visa issue was very popular because 1) there was very little credit risk involved and 2) it is a play on global transactions that are growing very rapidly. Not inexpensive, but feels it's a long-term growth story. | 2008-05-06 |
| David Burrows | TOP PICK | Companhia Siderurgica Nac | SID-N | 44.880 | One of the biggest steel companies in Brazil. Steel sector has been performing well all through this year. Steel demand globally is very strong and rose about 5.7% last year. Brazil is probably the best economy in the world right now. | 2008-05-06 |
| Sandy McIntyre | Comment | Algonquin Power Income Fund | APF.UN-T | 7.630 | Power generation trust. His least favourite sector as there is very limited pricing power. This one has a water processing business in the southwest US that is quite fascinating. Hopes they are able to surface the value in this business. A business that recycles and reprocesses a scarce commodity like water is one that you can grow a net value with. At an interesting price. | 2008-05-05 |
| Sandy McIntyre | PAST TOP PICK | Calloway REIT | CWT.UN-T | 21.750 | (A Top Pick July 3/07. Down 9% including distributions.) Actually, US real estate is going up. This one is amongst the top quality asset base in real estate and is trading at a discount to its value. Generates over 6% yield. We'll have a growth profile going forward. Still a Buy. | 2008-05-05 |
| Sandy McIntyre | HOLD | Canadian Oil Sands Trust | COS.UN-T | 44.500 | Doesn't have any near-term growth because its partners have not decided if they will expand production. As soon as there is an opportunity for growth, which involves capital, he will be increasing his holdings. 8% yield. Well managed. | 2008-05-05 |
| Howard Sutton | Comment | Allen-Vanguard Corp. | VRS-T | 4.050 | When you look at the earnings, this looks really cheap. Doesn't own it, but thinks he should revisit it. | 2008-05-05 |
| Sandy McIntyre | BUY | CML Healthcare Income Fund | CLC.UN-T | 15.230 | Dominant market is Ontario, which has no capacity to bring on new labs. Changing into a corporation in 2011 does not change them into a growth company, so they will stay as a trust. Good company. | 2008-05-05 |
| Sandy McIntyre | Comment | Boyd Group Income Fund | BYD.UN-T | 2.740 | Too much debt on the balance sheet 2 or 3 years ago. He understands that they have done a good job in tidying this up to a very acceptable level. Has insider buying, which is always a good sign. This is on his radar screen. | 2008-05-05 |
| Sandy McIntyre | HOLD | Consumers Waterheater Fund | CWI.UN-T | 12.900 | (Market Call Minute.) Stable income story but not much growth. | 2008-05-05 |
| Howard Sutton | TOP PICK | Corning Inc | GLW-N | 27.040 | A play on LCD televisions. They dominate the space in providing the glass for it. Historically trading at the low end of its earnings per share. | 2008-05-05 |
| Sandy McIntyre | BUY on WEAKNESS | Crescent Point Energy Trust | CPG.UN-T | 33.830 | (Market Call Minute.) A hold, but buy it on dips. Went up too fast for him. | 2008-05-05 |
| Sandy McIntyre | SELL | Fording Canadian Coal Trust | FDG.UN-T | 67.510 | Yield of less than 4%. One-year chart shows a steep climb of 148% and he has a difficult time buying companies like this. He would be a seller on a chart like this. The price of metallurgical coal at the current rate, he feels, is unsustainable. Highly speculative. | 2008-05-05 |
| Sandy McIntyre | Comment | Harvest Energy Trust | HTE.UN-T | 23.040 | 15.5% yield. Doesn't like the balance sheet. Too many issues of convertible debt. Have a refinery in Come by Chance Newfoundland, which has been going through a seasonally weak period and will likely come into a seasonally strong period through July and August. Would Sell, but wait until the strong period. | 2008-05-05 |
| Sandy McIntyre | HOLD | Inter Pipeline Fund | IPL.UN-T | 9.580 | The income stream has a very modest growth profile but of a long duration. Has pipeline development on the go. Expect they will be able to continue paying their distribution after 2011. | 2008-05-05 |
| Sandy McIntyre | PAST TOP PICK | Keyera Facilities Income Fund | KEY.UN-T | 21.410 | (A Top Pick July 3/07. Up to 17%.) Sees a step change in natural gas development west of 5. Going to deep wells and horizontal legs. The multi-fracturing development is bringing out gas that was previously not producible that will go through their facilities. | 2008-05-05 |
| Howard Sutton | DON'T BUY | Lyrtech Inc | LYT-X | 0.020 | Takes Texas instruments and chips and programs/customizes them for unique applications. There are better opportunities. | 2008-05-05 |
| Howard Sutton | DON'T BUY | Mortice Kerns | MKX-T | 1.750 | Software company that helps other companies develop software and manage portals. Their challenge is to have a trigger that will move them forward. They have wonderful software and wonderful customers, but they have to ramp revenues. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | Reitmans | RET-T | 17.750 | Dominant women's wear retailer in Canada. 4% yield. | 2008-05-05 |
| Sandy McIntyre | BUY | RioCan Real Estate Investment | REI.UN-T | 21.800 | (Market Call Minute.) Great value story. Great management team. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | Russel Metals | RUS-T | 30.430 | Chose this for the regular distribution. No net debt. $500 million in inventory. Beneficiary of an uptick in tubular for the oil patch. 6% dividend with a history of paying out all of its earnings in a dividend. Long-term growth profile. | 2008-05-05 |
| Howard Sutton | TOP PICK | Sierra Wireless | SW-T | 18.690 | Really kicking butt in the market. Have cards that make the conductivity for laptops to run through cellular networks. Hitting the product cycle right, but even better is their main competitor Novatel Wireless (NVTL-Q) has missed their product cycle. Had a 50% run in the last couple of weeks, so wait for a pullback to below $17. | 2008-05-05 |
| Sandy McIntyre | BUY | Trimac Income Fund | TMA.UN-T | 7.780 | Outlook for recovery is very good. This is one of the dominant truckers in the bulk business. Well capitalized and management owns a ton of stock. Very well run. 13% distribution, which is fully funded out of cash flow. | 2008-05-05 |
| Howard Sutton | Comment | Triant Technologies | TNT-T | 0.550 | Extremely large clients and pretty sophisticated software for fault detection to help monitoring primarily for semiconductor companies. Doing some flat-panel display work. The biggest hindrance is 1) it's a tough market for semiconductors and 2) it is too small and needs mass. Need some M & A. | 2008-05-05 |
| Howard Sutton | BUY | Wi-Lan Inc. | WIN-T | 2.000 | The patent trolling/licensing sector took a hit because of a fear of a patent reform bill. It now looks like the bill is stalled and will not be going through. Has about $1 in cash. Has the capital to execute. So cheap, the downside is limited with potential upside. | 2008-05-05 |
| Sandy McIntyre | PAST TOP PICK | Yellow Pages Income Fund | YLO.UN-T | 10.710 | (A Top Pick July 3/07. Down 17% including distributions.) A couple of US yellow page providers got into difficulty in funding dividends and this was guilty by association. Would be a buyer in the $9 range. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: - He is playing the junkier end of the spectrum such as Bank of Montreal (BMO-T) and National Bank (NA-T), the ones where people have over discounted problems. Treat them as trades. (Canadian Imperial (CM-T) has one more shoe to fall. Buy this one on the news.) | 2008-05-05 |
| Sandy McIntyre | BUY | Pizza Pizza Royalty Income Fund | PZA.UN-T | 9.130 | The dominant pizza chain in Ontario. | 2008-05-05 |
| Sandy McIntyre | BUY | Mullen Group Income Fund | MTL.UN-T | 20.430 | Largely concentrated in transportation out west. Their specialty is moving rigs in and out of the oil fields. Drilling environment is becoming pretty dynamic and this is a prime beneficiary. | 2008-05-05 |
| Howard Sutton | TOP PICK | VIQ Solutions | VQS-X | 0.400 | Digitize courtrooms but the application is also used in policing and healthcare. It's a great market and they are the best in the world at it. The global opportunity unfolding for them is just tremendous. | 2008-05-05 |
| Sandy McIntyre | BUY | K-Bro Linen Income Fund | KBL.UN-T | 12.280 | Linen supplies for hospitals and hotels. 9% yield. | 2008-05-05 |
| Sandy McIntyre | Comment | Futuremed Healthcare Income Fund | FMD.UN-T | 10.270 | Sells supplies to nursing homes, which is a growth industry long-term. Good management team. | 2008-05-05 |
| Sandy McIntyre | BUY | Teranet Income Fund | TF.UN-T | 9.560 | (Market Call Minute.) Land Registry office for the province of Ontario. Great technical capability. | 2008-05-05 |
| Sandy McIntyre | HOLD | Pengrowth Energy Trust | PGF.UN-T | 20.250 | (Market Call Minute.) Too high a payout ratio. Needs to right size its distribution. | 2008-05-05 |
| Howard Sutton | Comment | Timminco Ltd. | TIM-T | 19.200 | Upgrades metallurgical grade silicon. The key advantage they have is cost. The supply/demand for solar is way out of whack. This will be corrected in a couple of years. The question is, can they go from 400 metric tons this year to 14,000 metric tons by 2010. If they can do that and keep costs under control, this would be a Buy. | 2008-05-05 |
| Jeff Parent | BUY | Agrium | AGU-T | 84.000 | A great stock in a great sector. There are a lot of very positive fundamental trends. Had a very steep run from the beginning of April and recently pulled back about a third. That is about the right range for a pullback. Good buying opportunity right now. Start reducing your position if it drops below $75. | 2008-05-02 |
| Jeff Parent | PAST TOP PICK | Aecon Group Inc | ARE-T | 15.640 | (A Top Pick Dec 14/07. Down 23%.) Briefly traded higher. The industry group is holding up on a relative strength basis. Currently in a holding pattern. Coming out with earnings in May 7th and will look at it at that time. | 2008-05-02 |
| Jeff Parent | TOP PICK | ING Canada Inc. | IIC-T | 40.300 | Financials are bottoming out and turning around. Think they will add a lot to the TSX until the end of the summer. Chart shows a bit of a double bottom. $37.50 would be his stoploss. | 2008-05-02 |
| Jeff Parent | PAST TOP SHORT | I Max | IMX-T | 6.760 | (A Top Short Dec 14/07. Up 2%.) The call was, if it traded above $7 he would reduce his position. Didn't trade about this for a very long so he kept his position. Still shorting. | 2008-05-02 |
| Jeff Parent | TOP PICK | Inmet Mining | IMN-T | 79.330 | This is a short term trading idea. Has a nice trend with a good support level. Very volatile. Just looking to make $10 but if it continues and there is momentum he'll continue holding. Would be careful if it dropped below $75. | 2008-05-02 |
| Som Seif | Comment | iUnits S&P Financial | XFN-T | 50.450 | Based on the Canadian S&P/TSX Financial sub index, which is a quarterly rebalance and market cap weighted. If you believe in the financial market place in Canada, this is a good place to be. | 2008-05-02 |
| Som Seif | Comment | iUnits S&P/TSE Energy E.T.F. | XEG-T | 100.020 | There are several different ways to play the oil industry. In Canada there is the iUnits S7P/TSE Energy E.T.F. (XEG-T) and Claymore Oil Sands E.T.F. (CLO-T). The XEG will be much more gassy and CLO is more oil. There is also the U.S. Oil Fund E.T.F. (USO-A) for crude oil. | 2008-05-02 |
| Jeff Parent | PAST TOP PICK | Manulife Financial | MFC-T | 40.290 | (A Top Pick Dec 14/07. Down 1%.) Thought this would be stable through a difficult time in the market. As a financial it performed very well. More of a longer-term Buy and Hold. From a technical perspective, it will be trading in the low $40's for a while and in a couple of years in the high $40's. | 2008-05-02 |
| Jeff Parent | Comment | Petrobank Energy and Resources | PBG-T | 51.350 | Chart indicates it won't go up that much. Sideways motion for the next 3 or 4 months. Because of the volatility with the dip in January and uptick in February plays well into a covered call strategy. | 2008-05-02 |
| Jeff Parent | PARTIAL BUY | Fairborne Energy Ltd. | FEL-T | 9.370 | $9.77 is its resistance point and $11.15 is the next one. A good time to buy. If it breaks through the 2 levels than you buy additional amounts. Use $7.50 as your downside guide. | 2008-05-02 |
| Jeff Parent | BUY | Trans Canada Corp | TRP-T | 37.500 | This is a stock people are buying for the dividend. Probably has the capacity to increase their dividend, which is good in the long term. | 2008-05-02 |
| Jeff Parent | BUY | Tusk Energy | TSK-T | 2.390 | Natural gas. Longer-term chart shows the stock has lost a lot of value. Fundamentally, natural gas stocks are starting to find more positive earnings. Great buying opportunity right now. | 2008-05-02 |
| Jeff Parent | Comment | Westjet Airlines | WJA-T | 17.030 | Tricky stock to analyze because it is very jumpy. A positive note is that it hit a support level twice and the downward motion is consolidating towards a point. (Technical= a triangle) Has the potential to move up. There is some risk with this. Expects resistance at the $20 level. If it broke down through the $16 level, consider shorting. | 2008-05-02 |
| Jeff Parent | DON'T BUY | streetTracks Gold E.T.F. | GLD-N | 84.580 | Gold is very tricky here. Thinks $850-$900 is going to be a new range for it and you'll see big swings. Looking for it trading in a tight range of $850 plus or minus $30 for a while. Doesn't think it will go up to the $1000 level until the end of the summer. | 2008-05-02 |
| Som Seif | Comment | streetTracks Gold E.T.F. | GLD-N | 84.580 | This is his favourite ETF for gold investing. This one is a physical gold product and holds actual gold in a vault. Low cost at 0.4% MER. A great gold product if you like gold. | 2008-05-02 |
| Jeff Parent | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Materials: - There is huge non-North American demand for metals and materials. A lot of these stocks are a great buying opportunity. Chart shows an upward trend, which is fairly strong. | 2008-05-02 |
| Jeff Parent | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Energy: - Energy stocks are a little tricky as they can be subdivided further. You have large caps (which are doing really well) as well as smaller service companies and drillers etc. Chart shows positive results but the larger companies drive this. Some of the smaller companies are bottoming out. Very positive signs. Thinks people shorting oils are going to get burnt. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Natural Gas: - This market has seen a great run in the last couple of months with prices now close to $11. Still thinks it's under priced relative to European’s Liquefied Natural Gas (LNG). A great area right now for investors to look at. Storage levels and inventories are still low. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Water Sector: - A fantastic area for long-term investors to be looking at for their portfolios. This is a significant area of need. Not water filter or bottling companies, but companies that are creating the water infrastructure and providing fresh water sources to the global population. This will be important for over the next 10 to 15 years. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Preferred Shares: - The key that you always want to look at with preferreds is higher quality. The risk is always going to be around. Not at the top level of a bond but if you go with companies that are not going bankrupt, you get paid very well. | 2008-05-02 |
| Jeff Parent | BUY | Baffinland Iron Mines Corp. | BIM-T | 3.300 | Likes iron ore. A really interesting stock in that it is very consistent with ups and downs. Very cyclical nature to it. Based on its history, it is set for another spike. Has a lot of trading at its support level where it is now. $4.05 is its first resistant point and then $4.50 it will hit more resistance. Approximately $2.90 you should exit. | 2008-05-02 |
| Jeff Parent | Comment | Canfor Pulp Income Fund | CFX.UN-T | 11.240 | Chart has a double bottom formation, which is fairly significant. Increasing nicely. Just touching the 200-day moving average right now, which will be a resistance point for it. He isn’t really high on anything to do with paper, forest and pulp as they will do poorly. If it broke through its resistance level of $11, you might see another $1 this summer. | 2008-05-02 |
| Jeff Parent | Comment | Dejour Enterprises | DEJ-X | 1.530 | Natural gas. Lost $1 since last summer, which is quite a bit. Because of the tight range, it is looking for some news. The drop in January indicated a fairly substantial selloff. Settling down to a new, fairly tight trading level of $1.40 to $1.60. Wouldn't hesitate to buy if you know a little bit about the company. A drop below $1.25 is a signal that it will probably go below $1. | 2008-05-02 |
| Jeff Parent | Comment | Timminco Ltd. | TIM-T | 19.880 | Looks like a good Buy right now but there is huge volatility. Very good trading stock. They are reporting earnings on May 8 and this will help propel the stock, either up or down depending on results. Very difficult to predict. | 2008-05-02 |
| Som Seif | Comment | Claymore S&P/TSX Preferred E.T.F. | CPD-T | 17.790 | With credit markets going away, corporate bonds and fixed income type products like preferreds, their price goes in the opposite direction because of credit worries. The swing has gone too far and he actually likes preferreds now. You can now get very good tax efficient yields. He expects the spreads to tighten in the next short while and preferreds will benefit from this. | 2008-05-02 |
| Som Seif | Comment | Claymore Oil Sands Sector E.T.F. | CLO-T | 26.560 | There are several different ways to play the oil industry. In Canada there is the iUnits S7P/TSE Energy E.T.F. (XEG-T) and Claymore Oil Sands E.T.F. (CLO-T). The XEG will be much more gassy and CLO is more oil. There is also the U.S. Oil Fund E.T.F. (USO-A) for crude oil. | 2008-05-02 |
| Som Seif | BUY | Market Vectors Agribusinesses E.T.F. | MOO-A | 59.770 | There is a strong demand for commodities right now and a long-term secular movement into commodities. The run that we have seen is not anywhere close to what the prices over the next 5 years will be. | 2008-05-02 |
| Som Seif | BUY | Claymore Global Agriculture E.T.F. | COW-T | 24.280 | There is a strong demand for commodities right now and a long-term secular movement into commodities. The run that we have seen is not anywhere close to what the prices over the next 5 years will be. | 2008-05-02 |
| Jeff Parent | WEAK BUY | Geodex Minerals Ltd. | GXM-X | 0.750 | Tungsten. Has good support at $.70 with resistance from $1.05 to about $1.15. The stock is waiting for some news. Volume is quite sporadic and has entered into a very narrow range. You might want to trade for $.10. Really requires news to move it. If it drops below $.60, Sell. | 2008-05-02 |
| Jeff Parent | TOP PICK | Phoscan Chemical Corp. | FOS-X | 1.750 | In fertilizer, you have nitrogen, potash and phosphates. Developing a phosphate mine with a view to both mining and producing. Nice incline in the price in the last year. Volume is very good. Stop loss would be $1.50 and a target price would be $3 or $4. | 2008-05-02 |
| Som Seif | Comment | U.S. Oil Fund E.T.F. | USO-A | 93.400 | There are several different ways to play the oil industry. In Canada there is the iUnits S7P/TSE Energy E.T.F. (XEG-T) and Claymore Oil Sands E.T.F. (CLO-T). The XEG will be much more gassy and CLO is more oil. There is also the U.S. Oil Fund E.T.F. (USO-A) for crude oil. | 2008-05-02 |
| Som Seif | Comment | Claymore Global Advantage Dividend E.T.F. | CYH-T | 21.260 | A Canadian global dividend E.T.F. that is hedged. This pays out a monthly income with about a 5% yield. | 2008-05-02 |
| Peter Brieger | PARTIAL BUY | Agrium | AGU-T | 79.600 | Potash has had rampant speculation over and above the basic investment demand. Changes in diets in emerging markets will mean a long, steadily rising demand for high-protein food. This is one of the leaders in the area. Start nibbling and average down. At $75, he could see a $25 upside. | 2008-05-01 |
| Peter Brieger | Comment | BCE Inc. | BCE-T | 36.860 | The chart looks terrible and screams that this is not about a deal that will be completed at $42.75. He wonders if there isn't a re-pricing in the works or something worse. | 2008-05-01 |
| Peter Brieger | HOLD | Bombardier Inc (B) | BBD.B-T | 6.570 | (Market Call Minute.) Would like to see exactly how well they do with theC7, as it could be a tremendous albatross if anything goes wrong. | 2008-05-01 |
| Peter Brieger | BUY | Bonavista Energy Trust | BNP.UN-T | 31.050 | (Market Call Minute.) Good gas exposure. A long-term hold. | 2008-05-01 |
| Peter Brieger | TOP PICK | CAE Inc | CAE-T | 11.850 | Leader in global pilot training/retraining. Airline industry needs about 16,000 new pilots a year. Also a leader in the manufacture of the training modules. | 2008-05-01 |
| Peter Brieger | TOP PICK | Canadian National R.R. | CNR-T | 53.900 | Looking ahead to an economic recovery. This and Canadian Pacific (CP-T) are the cheapest in North America. Historically this has been the most efficient operator. | 2008-05-01 |
| Dennis Dasilva | TOP PICK | Canadian Natural Rsrcs | CNQ-T | 84.740 | Horizon, their oil sands project comes on this year. Should be full steam by mid-2009. Significantly undervalued by the market. | 2008-05-01 |
| Dennis Dasilva | BUY | Canadian Oil Sands Trust | COS.UN-T | 43.800 | A core position for most portfolios. A very well run trust. Has one of the more strategic assets that you could own, the oil sands. | 2008-05-01 |
| Dennis Dasilva | HOLD | Compton Petroleum | CMT-T | 11.530 | Had an early successful history. Hit the wall in 2000-2001. Its Achilles heel has been that it is great in assembling and growing its reserves at a low cost but has stumbled on production growth. Always over leveraged. Now up for sale. | 2008-05-01 |
| Peter Brieger | BUY | Crescent Point Energy Trust | CPG.UN-T | 31.970 | Has exposure to an oilfield in Saskatchewan that overlaps and goes into the US. Have vast undeveloped acreage that will shore up their reserves substantially. 7.3% yield. | 2008-05-01 |
| Dennis Dasilva | Comment | Crescent Point Energy Trust | CPG.UN-T | 31.970 | Very focused company in the Bakken region. Thinks it will convert back to a corporation. | 2008-05-01 |
| Peter Brieger | PAST TOP PICK | Deere & Co. | DE-N | 84.400 | (A Top Pick May 16/07. Up 42%.) The more farmers grow and the higher the price for the commodities, they will continue to buy new equipment. Metrics a year ago indicated that 90% of US farmers’ equipment was more than 5 years old. Very cheap. Still a Buy. | 2008-05-01 |
| Dennis Dasilva | TOP PICK | Duvernay Oil Corp | DDV-T | 47.930 | One of his core intermediate positions. A premier management team. Close to 25,000 barrels equivalent a day. Gas weighted. Tight gas and long life, which is why it trades at a premium multiple. | 2008-05-01 |
| Peter Brieger | BUY | Fort Chicago Energy Partners | FCE.U |
