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| Benj Gallander of Contra the Heard |
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| TOP PICK | ATS Automation | ATA-T | 6.310 | The only problem they have is the photo op operation in France. It has now gone into bankruptcy and they have taken huge write-offs on it. Thinks there will be more problems with it going forward. Management thinks that in the next 6 months it will be done. Have a tremendous backlog. Profitable after the write-downs. Potentially a $20 stock. | 2012-01-17 | ||
| Comment | CAE Inc | CAE-T | 10.700 | Had looked at this a lot in 2003-2005 when it was way out of favour and was at about half its current value. Doesn't interest him at this price point. Have done a great job overall in terms of marketing their product and revenue but their debt load is quite heavy relative to revenue. Has about a 50% upside based on historical values and he normally looks at a minimum 100%. | 2012-01-17 | ||
| Comment | Carnival Corp. | CCL-N | 29.600 | Had a severe drop today because of the sinking of their ship. He also doesn't know their financials. People are going to keep on cruising but there will be a lot of people with a knee-jerk reaction. | 2012-01-17 | ||
| HOLD | EnerCare Inc | ECI-T | 9.580 | There is a group in New York that has been buying a lot of this stock. He could see this stock in double digits. Some of the restraints they have to deal with are coming off so he can see them becoming more competitive. Great dividend. | 2012-01-17 | ||
| DON'T BUY | Eastman Kodak | EK-N (Dead) | 0.531 | There is an excellent possibility that this company is going under. They have so much debt and have been losing money for so long that he thinks they will be dead in the waters. Risk is way too great for him | 2012-01-17 | ||
| TOP PICK | Flextronic International | FLEX-Q | 6.210 | Has over $30 billion in revenues. Good balance sheet. Have $2 billion in debt. Have made money in the last 2 years. Can see it going over $20. Has a lot of potential. | 2012-01-17 | ||
| HOLD | Intertape Polymer Group | ITP-T | 3.350 | Insiders have been buying. He can see it going up to double digits. | 2012-01-17 | ||
| Comment | Manitoba Telecom Services | MBT-T | 30.910 | This one doesn't interest him at all. He is looking for capital appreciation and a dividend. | 2012-01-17 | ||
| Comment | Microsoft | MSFT-Q | 28.255 | This was on his watch list in 2009. Since then it has had resurgence. It is way past where he would look to buy it. This is a leader in its field. | 2012-01-17 | ||
| BUY | Norsat International | NII-T | 0.510 | The takeover of St. Clair has had to be digested and has created some problems to some degree. Longer term, it is going to do well. Corporate side has just about doubled in revenues. He has a target price of about 3 times its current price. | 2012-01-17 | ||
| BUY on WEAKNESS | Research In Motion | RIM-T | 17.760 | This is a stock he has been interested in for quite a while. Would like to see it at $15. They are now talking about changes at the top and a possible sale to Samsung in South Korea. (Samsung has denied any interest in this company.) Stock has potential to go up quite a bit. Have lots of cash, no debt and some good products. | 2012-01-17 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. In 18 of 21 presidential years, there has been about an 86% batting average. He expects the markets to go up this year. At the same time, a lot of people are going to get tired of the negative interest rates in some of the foreign countries and people are going to look at alternatives in North America and start forgetting about some of the risks and will start looking for a higher return. 20% of the portfolios that he manages are in financials and this is an area where a lot of people can still do well. He also sees opportunities in US real estate. | 2012-01-17 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold. There are no gold companies on his screen at this time. He only owns one company, Richmont Mines (RIC-T) of which he has sold 90% of it. | 2012-01-17 | ||
| DON'T BUY | Netflix Inc. | NFLX-Q | 94.720 | Stock has dropped quite a bit. Now you play or value trap? BV is $7+ and the stock is trading at more than 10X the BV so it is not a value play to him. Feels the top brass is overcompensated. Stock price could go up a ways. They also have debt. | 2012-01-17 | ||
| HOLD | Bellatrix Exploration Ltd. | BXE-T | 4.460 | Reporting good numbers. Seem to be in a turnaround mode. Management has done a great job. What is killing them is the price of natural gas. Currently at 10 year lows. He is happy holding it at this level. | 2012-01-17 | ||
| DON'T BUY | Domtar Corp. | UFS-T | 87.850 | Have had a tremendous turnaround from when they were losing money. Doesn't interest him in the least. Stock price is way too high. Still have a big debt load, even though they have cut it back. Believes insiders have been selling. If he owned it, he would be looking to get out. | 2012-01-17 | ||
| HOLD | Magic Software Enterprises Inc | MGIC-Q | 6.250 | Sold part of his position at $7+ and will sell the balance at $10+. Company is doing very well. Record earnings and revenues. Great balance sheet and no debt. Just bought more of a South African distributor. Technology they are the leading edge. | 2012-01-17 | ||
| SELL | Fastenal Company | FAST-Q | 46.790 | Beautifully managed. No debt and great earnings. A couple of negatives in that the BV is quite low and he believes insiders have been selling. If he owned it, he would be looking to get out. | 2012-01-17 | ||
| PAST TOP PICK | Star Gas Partners LP | SGU-N | 4.640 | (A Top Pick Jan 4/11. Down 8.92%.) Sold the portfolio holdings but still owns personally. Lost money last two quarters. Often have lumpy earnings. A lot of people are afraid that they might cut the dividend. Often times, the winter is a good time for them. | 2012-01-17 | ||
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| PAST TOP PICK | NTN Buzztime | NTN-A | 0.260 | (A Top Pick Jan 4/11. Down 35.06%.) Sold his holdings when they announced a stock consolidation. The stock consolidation got turned down. Balance sheet is cash poor but virtually no debt. A lot of competition. | 2012-01-17 | ||
| PAST TOP PICK | Magnetek Inc. | MAG-Q | 12.400 | (A Top Pick Jan 4/11. Down 14.51%.) When they announced a stock consolidation, he decided to get out and did so at $10.20. | 2012-01-17 | ||
| SELL | Celgene Corp | CELG-Q | 73.110 | Has done very, very well. Stock price is skyrocketing. Have a lot of debt. Thinks insiders have been selling. BV of around $45 is reasonable. If he owned, he would be looking to get out. | 2012-01-17 | ||
| TOP PICK | TeamStaff Inc | TSTF-Q | 2.190 | Staffing in healthcare sector. Revenues have been North of $40 million for years but have had losses of over $4 million for years. New CEO 2 years ago decided to take on bigger contracts with higher margins. That seems to be working. Have taken on 2 contracts that are than $125 million. There are some negatives that have to be looked at. One major insider has sold a lot of shares. Can see it tripling from here. | 2012-01-17 | ||
| SPECULATIVE BUY | Bank of America | BAC-N | 5.780 | Regulators could step in. But he thinks BAC has been doing very well. He will either hit a grand slam or nothing. If company recovers the dividend should shoot up. Doesn’t think they will go bankrupt. | 2011-12-06 | ||
| DON'T BUY | Bank of Nova Scotia | BNS-T | 47.890 | There is no Canadian Bank stock that attracts him. They are all fully valued. | 2011-12-06 | ||
| PAST TOP PICK | Cangene Corp | CNJ-T | 1.820 | (Top Pick Nov 11/10, Down 42.22%) Revenues are down. Major positive is a new CEO with a good track record came on a while ago. This company could be sold in a take-over, perhaps. | 2011-12-06 | ||
| BUY on WEAKNESS | General Electric | GE-N | 16.720 | Under $20 or under $16 it is a pretty good buy. | 2011-12-06 | ||
| WAIT | Intertape Polymer Group | ITP-T | 3.130 | Year after year it has lost money. He wants to see it make money on an annual basis, not a quarterly basis. | 2011-12-06 | ||
| HOLD | Kroger Co. | KR-N | 23.720 | Has done very, very well, nice balance sheet, profitable, reasonable dividend. Have proven they can take on the competition. Know what they are doing. The stock upside is too muted for him but for other systems it could be a good play. | 2011-12-06 | ||
| BUY on WEAKNESS | Manulife Financial | MFC-T | 11.350 | Don’t consider selling it. Didn’t like the preferred issue recently. Pays a good dividend. A Company he is watching quite closely. Longer term MFC could do well, but he would like to see it cheaper. | 2011-12-06 | ||
| BUY | Norsat International | NII-T | 0.465 | Continues to have it on the buy list. Change company when they bought Sinclair. New board member could be good for the board. When it moves it could move quickly and he expects it to happen quickly. | 2011-12-06 | ||
| TOP PICK | Yahoo! | YHOO-Q | 15.840 | There are so many suitors. Question is whether someone will gobble it up. Spec play on a take-over. | 2011-12-06 | ||
| PAST TOP PICK | Theragenics Corp | TGX-N | 1.660 | (Top Pick Nov 11/10, Up 27.69%) Got tired of management – salaries were too high. They took on debt. | 2011-12-06 | ||
| DON'T BUY | UEX Corp. | UEX-T | 0.590 | Often one company in an industry is taken out and all the others act like they are in play. Can this one finance the extraction of their deposits. Uranium is an interesting contrarian area. They don’t interest him because they are too confusing, their balance sheets are ugly or they are in countries that he doesn’t like. If the whole sector is down then it is good for each stock. | 2011-12-06 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: Bought 3 stocks starting in August and he is scouring for bargains. This is a time when a lot of people are doing tax loss selling and he buys stocks when they are out of favour. There could be the Santa Clause Rally follow by the January affect in the first few days of January. | 2011-12-06 | ||
| WAIT | Gildan Activewear Inc. | GIL-T | 18.800 | It is not beaten up enough for him. The next quarter should be a disaster and perhaps the one after it. They paid off a lot of debt over time and did some smart take-overs. Management seems to know what they are doing. | 2011-12-06 | ||
| BUY | Fairborne Energy Ltd. | FEL-T | 3.440 | In their vice president’s portfolio where they still think it is a buy. At some point it could have a run. There have been corporate issues for some time. They seem to be moving in the right direction now. The price of Nat. Gas has not been a help. | 2011-12-06 | ||
| DON'T BUY | Netflix Inc. | NFLX-Q | 68.140 | The book value is about $7+ so at this price it doesn’t make a lot of sense. He questions the value. | 2011-12-06 | ||
| DON'T BUY | Crocodile Gold Corp. | CRK-T | 0.370 | Operates in Australia. Has not come up on his screen. Gold sector is a tough sector and nothing interests him right now. | 2011-12-06 | ||
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| PAST TOP PICK | Hemisphere GPS Inc. | HEM-T | 0.650 | (Top Pick Nov 11/10, Down 37%) Over promised and under delivered. In fall numbers looked better, but they continue to loose money. Likes the space and he bought back in. | 2011-12-06 | ||
| BUY | Fidelity Southern | LION-Q | 6.060 | Could triple from here. Is happy collecting the dividend. Well-managed bank with good capital ratios. | 2011-12-06 | ||
| TOP PICK | Deswell Industries Inc | DSWL-Q | 2.290 | Made money for years but had a lot of difficulties recently. Losing money recently. But no debt, they pay a dividend. They can turn things around. | 2011-12-06 | ||
| TOP PICK | Bank of Commerce Holdings (CA) | BOCH-Q | 3.300 | Good capital ratios. Made money in every quarter. Small bank. Overall numbers look sweet on it. | 2011-12-06 | ||
| TOP PICK | Bank of America | BAC-N | 6.910 | There is an incredible risk here. Possibility of a chapter 11 filing or government regulators deciding to break up the company. Lost about $9 billion in the last quarter. 5 of 6 divisions are making money. Sells for about half book. Has about $700 billion in cash and cash equivalents. Good CEO | 2011-11-03 | ||
| DON'T BUY | Connacher Oil and Gas | CLL-T | 0.470 | Has being on his stock watch list for a long time but he finds it incredibly confusing. They are undergoing such a transformation that he finds it really confusing. He wants the clouds to clear. | 2011-11-03 | ||
| PAST TOP PICK | Cangene Corp | CNJ-T | 1.830 | (A Top Pick Nov 11/10. Down 51.45%.) Sold his personal holdings at $3.18. Recently have had some good news. The new CEO has a good track record and a lot of potential. Lots of cash and a good balance sheet but they don't have enough products to sell. | 2011-11-03 | ||
| DON'T BUY | Kinross Gold | K-T | 14.650 | Difficult for him to find value in the gold sector at all. This isn't one that really jumps out at him as a possible as a Buy him. Doesn't pass his initial inspection with income statement and cash flow ratios. | 2011-11-03 | ||
| Comment | Manulife Financial | MFC-T | 13.110 | Just reported a huge loss. When interest rates and stock markets go up they'll do better. Likes the stock but not cheap enough for him to buy. Would prefer it around $10.50. | 2011-11-03 | ||
| Comment | Nokia | NOK-N | 6.850 | On his stock watch list. Almost always makes money but they lost in this last quarter. Has the possibility of a major turnaround. Financials are really good. Would like to see them have a new product that would be popular. | 2011-11-03 | ||
| Comment | Richmont Mines Inc. | RIC-T | 12.650 | How do you determine when to sell? He originally paid $1.81 sold his 1st portion at $6.53 and then sold more at $10+. He only has 10% left. It is not easy deciding when to sell next. They just raised $10 million. Won't sell the rest before the year-end. | 2011-11-03 | ||
| Comment | Research In Motion | RIM-T | 19.020 | Trading below BV. Have lots of cash with no debt. Need another big product or 2. Would like it at $15. | 2011-11-03 | ||
| Comment | Superior Plus Corp | SPB-T | 6.530 | Have just cut the dividend in half. Payout ratio of about 40%-45%. Would like the 10% payout if it is secure and the possibility of a lot of capital appreciation so he is going to do some number crunching. | 2011-11-03 | ||
| HOLD | Viterra Inc | VT-T | 10.280 | Has been disappointing over the last couple of years. Would like to see them paying down more of their debt. Still has upside. | 2011-11-03 | ||
| PAST TOP PICK | Theragenics Corp | TGX-N | 1.600 | (A Top Pick Nov 11/10. Up 28.57%.) | 2011-11-03 | ||
| DON'T BUY | Arctic Glacier Income Fund | AG.UN-T (Dead) | 0.060 | He was discouraged because they had so many legal problems that they had to deal with. Also, financials didn't look very good. Have lost about $51 million over the last 6 months. | 2011-11-03 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. There are lots of opportunities. Was mostly selling in the 1st 6 months of the year and not doing much at all in the summer. Started to buy again in August. Doesn't know where the markets will go from here but there are lots of bargains out there. | 2011-11-03 | ||
| Comment | Student Transport of America Ltd. | STB-T | 6.040 | Transportation is a great industry to be but the numbers didn't excite him. Doesn't know what the payout ratio is so he can say how secure the dividends are. When companies are so exciting and there is so much praise about them, that is a good time to think about getting out. | 2011-11-03 | ||
| SELL | Azure Dynamics Corp. | AZD-T | 0.110 | He sees this one continuing to head down. Revenues are going up like crazy and they are in a really interesting field and doing good work. With almost 700,000,000 shares, there is a possibility of a stock consolidation. | 2011-11-03 | ||
| Comment | Lloyds TSB Group PLC | LYG-N | 1.870 | On his watch list. Could possibly buy except that he already has 5 financial stocks. Would also like further clarity on it. Has potential of a huge return. If you own, consider the possibility of tax loss selling. Also look closely at their debt loads. | 2011-11-03 | ||
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| HOLD | Pengrowth Energy | PGF-T | 10.620 | Just came out with earnings of $.29 a share in the 3rd quarter. They pay a good dividend. Have a lot of debt on the books but they managed to continuing to be profitable. Could be good upside. | 2011-11-03 | ||
| Comment | Thompson Creek Metals | TCM-T | 7.260 | Benj’s partner thinks this is in a major growth mode. He doesn't know this one well enough. On his radar screen as a possible play. | 2011-11-03 | ||
| TOP PICK | Hemisphere GPS Inc. | HEM-T | 0.640 | (A Top Pick Nov 11/10. Down 25.6%.) Bought at $.72 and sold at $1.19. Then bought it back. They were overpromising and under delivering. Just reported best 3rd quarter revenues ever but they continue to lose money. Wants to see them have black ink for an extended period of time. Tremendous potential. | 2011-11-03 | ||
| Comment | Bank of Ireland (Gov & Co) | IRE-N | 5.330 | Had a stock consolidation of 10 to 1. Has gone way down in value because of the consolidation. If you own, consider using it for tax loss selling. | 2011-11-03 | ||
| Comment | Sprott Physical Silver Trust | PSLV-N | 16.000 | Physical silver. Doesn't know what the management expense ratios are, which is critical. If you want something managed for you, this could be the route to go. Silver has had a tremendous run but doesn't capture his imagination. From this point, it will be difficult for companies to have the potential for at least 100%. | 2011-11-03 | ||
| DON'T BUY | Magnetek Inc. | MAG-Q | 1.000 | Just sold his holdings last month when they talked about a stock consolidation. Usually, after a stock consolidation, the stock goes down and overall they are bad for investors. | 2011-11-03 | ||
| TOP PICK | CDI Corp. | CDI-N | 13.150 | Thinks it can reach $30 again. $1 billion in revenues. Clean balance sheet. Lost money in the last 2 years but seem to be turning the corner. | 2011-11-03 | ||
| HOLD | ATS Automation | ATA-T | 6.000 | Had a much harder row to hoe than he expected. Still likes. He is hopeful that they'll off their solar unit before the end of the year. This plan has been in the making for a couple of years now and it looks like they are closer to a final solution. Hopefully there will be some traction when the economy improves. Target price of $20+. | 2011-10-04 | ||
| TOP PICK | Bank of America | BAC-N | 5.760 | When Warren Buffett bought in, the risk element went down. 5 of the 6 divisions are making money but the sub prime one is killing them. Lost about $9 billion in the last quarter with about $8 billion for settling a lawsuit. Targeting it at $38 but you have to realize the possibility of a chapter 11. | 2011-10-04 | ||
| DON'T BUY | Bioniche Life Sciences | BNC-T | 0.540 | Losing money. Have a negative cash flow of about $1 million a month, which could continue possibly the end of 2012. This is a real danger signal. | 2011-10-04 | ||
| DON'T BUY | Celestica Inc | CLS-T | 7.670 | Not a company at this point in time that he is interested in. Feels people there are overpaid. Seems to have difficulty gaining traction. There are a lot of companies that are of greater interest to him. | 2011-10-04 | ||
| PAST TOP PICK | Cangene Corp | CNJ-T | 1.370 | (Top Pick Nov 11/10, Down 56.50%) He got out of it personally but fund has it. Heard quarterly numbers were going to be bad and didn’t see it turning around for quite a while. New CEO that came on in August has quite a track record. | 2011-10-04 | ||
| DON'T BUY | Eastman Kodak | EK-N (Dead) | 1.120 | Owned at one time but sold because of too many danger signals. Market cap of about $300 million, so hypothetically if someone wanted the company, they could offer 66% premium. On the other hand, someone might want to pay $1 billion for the patents without the company. Too risky. | 2011-10-04 | ||
| BUY | General Electric | GE-N | 14.860 | An incredibly global company. Have increased the dividend twice. This target price is the mid-$30 or higher. | 2011-10-04 | ||
| Comment | I Max | IMX-T | 15.180 | (Caller indicated directors are buying stocks with their $4 options and selling the stock at $15.) If this is the case, that is not a good sign. Still too expensive for him. | 2011-10-04 | ||
| BUY | ING Groep NV | ING-N | 6.800 | On the watch list. Could potentially buy any time. Owns 5 banks so had a lot in financial right now. If he didn’t, he could see buying it. Key for the economy in Netherlands. Thinks eventually it will prosper again. | 2011-10-04 | ||
| HOLD | Intertape Polymer Group | ITP-T | 1.840 | Finally made money this past quarter and things are looking better for them. CEO says competitive pressures have lessened. Major competitor is 3M (MMM-N) who are now looking for margins rather than market share. | 2011-10-04 | ||
| DON'T BUY | Norsat International | NII-T | 0.520 | When they did their takeover, it doubled the size of the company. After something like that happens, there is a certain amount of rationalization that takes place. In this case it is the amortization of some of the Sinclair properties. When that happens, it means they are going to have bad, negative income going forward. | 2011-10-04 | ||
| Comment | Research In Motion | RIM-T | 22.200 | Huge amount of cash on the books. No debt. Well-managed. He would classify it as a contrarian company but not contrarian enough for him to buy, but worth looking at. He would look at it more closely under $15. | 2011-10-04 | ||
| DON'T BUY | Rogers Sugar Inc | RSI-T | 4.960 | Looks at this one about once a year and then always decides it is not for him. Doesn't interest him at this time. Yield of 8%. | 2011-10-04 | ||
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| Comment | Superior Plus Corp | SPB-T | 6.180 | Looked at this company years ago but never bought. Has done very well over all. Managed to sustain their high payout. Current yield is almost 20% and there are questions if it is sustainable. The high-yield is a dangerous sign. | 2011-10-04 | ||
| TOP PICK | Yahoo! | YHOO-Q | 14.460 | One of the biggest names out there. After they turned down the takeover offer, often someone comes back with another offer. Thinks there will be one or more takeover offers in the next 6 months at $18 or better. Even if not taken out there is tremendous upside. | 2011-10-04 | ||
| PAST TOP PICK | Theragenics Corp | TGX-N | 1.250 | (Top Pick Nov 11/10, Down 2.30%) out of it personally but fund holds it. Is on their buy list. | 2011-10-04 | ||
| HOLD | Bellatrix Exploration Ltd. | BXE-T | 3.200 | Quite content to hold this one. Seem to be moving in the right direction. Management that came in a few years ago seems to know what they are doing. A nice play on the natural gas sector. At some point, natural gas will move up. | 2011-10-04 | ||
| DON'T BUY | Nuvo Research | NRI-T | 0.080 | After he went to the AGM he decided he was not interested. They don’t manage to do what they say they are going to do. Can’t seem to gain traction. Concerned about a stock consolidation in the future. | 2011-10-04 | ||
| DON'T BUY | Transat A.T. Inc (B) | TRZ.B-T | 5.740 | Has come down quite a bit, but still not a buy for him. He watches this type of thing for a minimum of 6 months but often for a number of years. There is a possibility of more competition in the marketplace. | 2011-10-04 | ||
| TOP PICK | Hartco Inc | HCI-T | 2.610 | IT solutions out of Quebec along with retail outlets. Had about $150 million in revenues this past quarter. Clean balance sheet. Looking for a double. Not a lot of liquidity, so a tough one to trade. | 2011-10-04 | ||
| Comment | National Bank of Greece SA | NBG-N | 0.591 | He will probably sell his position and take a tax loss before the end of the year. The question is, will it be nationalized at some point. If there is a further write off of Greek bonds, this will be hurt badly. High, high risk. | 2011-10-04 | ||
| PAST TOP PICK | Hemisphere GPS Inc. | HEM-T | 0.640 | (A Top Pick Nov 11/10. Down 38.61%.) Sold his holdings when they came out with horrendous numbers in March. Numbers seemed to turn quite a bit so he bought back in at $0.66. Volume today doubled and he assumes a big block traded hands. His target is $3. | 2011-10-04 | ||
| Comment | MagIndustries Corp. | MAA-T | 0.125 | Possible takeover by a Chinese company. If they are not taken over, how much further will they drop and can they possibly fulfill their mandate as to what they want to do? | 2011-10-04 | ||
| Comment | B2Gold Corp. | BTO-T | 3.350 | Very experienced management that has done well in the past. Found their IPO was too inflated in price. Since the stock has moved this far, it is not of interest to him. If you are a momentum player and think that they can keep on building it might be worthwhile. | 2011-10-04 | ||
| BUY | Iteris Inc | ITI-A | 1.130 | Insiders were recently buying at the current level. Traffic flow is a good space. Government contracts may wane a little bit now. Clean balance sheet with a little bit of debt. They generally make money but recently had a bad quarter when they took a write-off. Could see this doing a triple. | 2011-10-04 | ||
| SPECULATIVE BUY | Bank of Ireland (Gov & Co) | IRE-N | 0.970 | People often look at tax loss selling at this time of year. Is a high-risk position. You have to think that you will possibly loose all the money you invested but if you keep it and it turns around it could be a 10 bagger. He has a top pick tonight in a similar ballpark. | 2011-10-04 | ||
| SELL | Ballard Power Systems | BLD-T | 1.270 | Used to follow it. He avoids companies that keep on loosing money. | 2011-08-25 | ||
| BUY | Brick Brewing Company Ltd. | BRB-T | 1.120 | Playing it for the second time. Now is their season. Summer was a good one for them. They had to increase their utilization of their plant. They were at 40% underutilized. Since it was there he bought Seagram’s coolers to increase utilization. Debt, AR has increased and cash is low. He is looking forward to the quarterly results for the summer season. | 2011-08-25 | ||
| Comment | Canadian Western Bank | CWB-T | 28.610 | Is not a major bank – a smaller player. Does not follow the other banks. | 2011-08-25 | ||
| PAST TOP PICK | EnerCare Inc | ECI-T | 7.270 | (Top Pick Aug 17/10, Up 75.02%) Consumers Water Heater changed the name. Lovely dividend. Were badly beaten up. Could see them going double digit. Regulatory constraints come off next year. Pay you to wait. | 2011-08-25 | ||
| TOP PICK | General Electric | GE-N | 15.450 | Dividends. Paid more than for it then any stock in years. Part of reason is that dividend was slashed. Has tremendous upside as economy recovers, and it will. He likes companies that make money. Looking for a 100% gain. | 2011-08-25 | ||
| BUY | Intertape Polymer Group | ITP-T | 2.060 | On his buy list. Numbers have improved. Excellent chance they will get better. First time in years they have said competitive pressures have eased. They are now trying to make sure they have better margins. They lost a lawsuit and were supposed to loose $13 million but it was scaled back to $1 million. They have lost money for 5 years so he needs to see a few quarters of positive earnings. He would consider buying it if he didn’t own it. | 2011-08-25 | ||
| WEAK BUY | Magellan Aerospa | MAL-T | 3.400 | On his stock watch list. Have tremendous potential. Debt problem. Made a marvelous recovery. One critical shareholder. Less attractive at $4 than earlier. Not as attractive as other companies but he will re-visit it after most recent earnings. | 2011-08-25 | ||
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| SELL | Mitec Telecom | MTM-T | 0.030 | He got killed on it. They just did a deal with another company. They just don’t seem to fulfill their promises at all. They are facing so many headwinds that he is not interested in it at all. | 2011-08-25 |
