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| Brendan Caldwell of Caldwell Securities |
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| DON'T BUY | Apple | AAPL-Q | 348.200 | 75% or more of its products didn’t exist 5 years ago. It’s a company that constantly has to reinvent itself. Concerned about Steve Job’s health. Has had a good run but there are others in the technology sector to make money on. | 2011-05-03 | ||
| BUY | Agrium | AGU-T | 83.550 | Going forward, fertilizer companies will do very well over the long term. Agricultural needs are not going to let up any time soon. | 2011-05-03 | ||
| BUY | Bank of America | BAC-N | 12.600 | A wonderful play on the recovery of the market and the economy. They have the ability to generate a tremendous earnings power. | 2011-05-03 | ||
| TOP PICK | Canadian Imperial Bank of Commerce | CM-T | 81.620 | Has the highest dividend and the cheapest valuation and banks do tend to revert to the mean, so that those that underperform, tend to pull up their socks. Looks very good on a technical basis. Over 4% yield. | 2011-05-03 | ||
| PAST TOP PICK | Cirrus Logic | CRUS-Q | 16.200 | (A Top Pick March 14/11. Down 27.02%.) Components for hand held devices. Earnings have been very strong but they guided lower so it just recently got hit. Likes because if you are going to participate in the technology sector, it makes sense to own one that’s grows with the potential of being taken over. | 2011-05-03 | ||
| BUY | Manulife Financial | MFC-T | 16.800 | Very good way of playing both the stock market and interest rates. One of the few ways to make money if interest rates rise. Also a positive leverage to the stock market with their variable annuities. | 2011-05-03 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 51.460 | Going forward, fertilizer companies will do very well over the long term. Agricultural needs are not going to let up any time soon. | 2011-05-03 | ||
| Comment | Research In Motion | RIM-T | 45.920 | You own this if you are wonderfully excited about their products. Hand held market is going to get very competitive very fast. They’ll have to constantly innovate and develop new products or it’ll have some issues. | 2011-05-03 | ||
| PAST TOP PICK | Trican Well Service Ltd. | TCW-T | 22.230 | (A Top Pick March 14/11. Up 12.58%.) | 2011-05-03 | ||
| Comment | Crescent Point Energy Corp | CPG-T | 41.890 | Have a wonderful property in the Bakken. On the other hand, they have been raising equity on an ongoing basis in about the amount it takes to pay out its distribution. Seems it has to continually tap into the capital markets to pay for the distribution. As long as energy prices remain strong, the dividend should be safe. | 2011-05-03 | ||
| PAST TOP PICK | Retrocom Mid-Market REIT | RMM.UN-T | 5.950 | (A Top Pick March 14/11. Up 6.44%.) Commercial leasing company. Owns malls with a lot of Zellers stores. This is a way of playing Target moving to Canada. | 2011-05-03 | ||
| Comment | Silver Wheaton | SLW-T | 35.170 | A silver company that doesn’t actually produce silver. They have contracts to buy silver as a by-product from a number of mines whose main business is gold, copper, etc. Recent drop may be due to profit taking. Chicago Mercantile Exchange has been increasing margins required for owning silver contracts and this has put pressure on silver prices. | 2011-05-03 | ||
| TOP PICK | Canadian Tire Corporation Ltd. (A) | CTC.A-T | 58.850 | This is one that really gets hit when “The Americans are coming”. It is now at the low end of its P/E multiple range. Growth rate and earnings predictability are very good. This is a way of participating in the economic recovery in retail. | 2011-05-03 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 13.830 | When it starts producing its Quebec mine, it will be the owner of Canada’s largest gold mine. Could be a strong take over candidate. Safe jurisdiction. | 2011-05-03 | ||
| TOP PICK | CIT Group Inc. | CIT-N | 42.000 | Commercial lender. A way of really playing growth in the US on the financial services side. Good management. Bought a Canadian company (formerly Newport Credit) that was going bankrupt. The trick will be getting marginal borrowing rates down. In an economic recovery situation, it is leveraged to growth. | 2011-05-03 | ||
| BUY | BCE Inc. | BCE-T | 34.500 | In the process of buying CTV. He has been buying this recently. Dividend is strong and stock has been going up since the bottom in 2009. The services they provide are growing more than people would imagine. | 2011-03-14 | ||
| TOP PICK | Cirrus Logic | CRUS-Q | 21.830 | He has been invested in the bigger names like Apples, Ebay and Google, but as be looks at the run up they have had and the combined cash they have on the books, they are particularly positioned to make acquisitions. This is a large supplier to apple (third of their sales). He thinks this one has a greater capacity to grow than a larger one. | 2011-03-14 | ||
| DON'T BUY | Cisco | CSCO-Q | 17.850 | He held it for a long time. It should have been positioned to participate, but look at how all the tech stocks have done. If it hasn’t run during this big tech stock rally, when it IS going to rally. He would prefer to own companies that CSCO might want to take out – the second tier tech stocks. | 2011-03-14 | ||
| DON'T BUY | Halliburton Co | HAL-N | 45.060 | Relative to the big energy producers, these have not had to the same extent. There are some concerns about the middle east. He prefers Canadian oil service companies. | 2011-03-14 | ||
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| BUY | Research In Motion | RIM-T | 60.700 | Great technology stocks get to a point where they are not able to grow any further. He homes Jim will break this trend. He is encouraged by the new product line and that fact that Jim is focused on the business. You can’t take on the business and the NHL at the same time. | 2011-03-14 | ||
| DON'T BUY | SNC-Lavalin Group Inc. | SNC-T | 54.900 | It’s not one that he has a core position in. Wanted to stay away from North American situation because it will probably get worse before it gets better. | 2011-03-14 | ||
| BUY | Suncor Energy Inc | SU-T | 42.090 | Is continuing to add to it. Thinks energy prices will continue to be strong. Could grow their dividend. It has pulled back to the trend line but did not break it to the downside. It is one of those core energy stocks you would rally want to have. | 2011-03-14 | ||
| PAST TOP PICK | Viterra Inc | VT-T | 10.900 | (Top Pick Nov 25/10, Up 19.07%) | 2011-03-14 | ||
| TOP PICK | Trican Well Service Ltd. | TCW-T | 20.430 | He is looking for a way to participate in the energy sector with companies that have not yet moved. This is a company that provides equipment to drilling companies. Looks good technically. No exposure to the North Africa. Because of the difficulties in Japan, there may be less Nuclear going on. | 2011-03-14 | ||
| PAST TOP PICK | TSX Group | X-T | 38.410 | (Top Pick Nov 25/10, Up 11.15%) Doesn’t look at it as falling into the hands of London. It could be a good deal. Doesn’t know what the politicians should do. The banks putting together the alpha was really a re-mutualization of the business. The regulators could theoretically block the deal. It could mean longer trading hours, trans-continental listings, exposure of the largest mining and venture capital market to the world. | 2011-03-14 | ||
| DON'T BUY | Crescent Point Energy Corp | CPG-T | 44.740 | Naked short selling is a derivative strategy. They have to raise a lot of money each year to finance their CAP-X activities. He has been out of this one and looking at other stocks since this did not appear to be a sustainable business model. His math says it is not. | 2011-03-14 | ||
| TOP PICK | Retrocom Mid-Market REIT | RMM.UN-T | 5.680 | Have a preponderance of Zellers stores. His feeling is that it is the way to play Target coming to Canada. Real Estate investment trusts are the way to go because Canadian Real Estate is stlll under valued compared to to others. | 2011-03-14 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Japan: Wonders about the long-term affect on Oil. What about the number of reactors being taken out by one nuclear reactor. Price of Natural Gas is quite low and will stay low if our fields are allowed to develop, or if nuclear reactors are allowed to developed that they don’t get washed away so easily. It depends on what is really happening in Japan. Wonders if metal prices are squeezed because it is not in their best interests to see metal prices increase. | 2011-03-14 | ||
| DON'T BUY | Indigo Books & Music Inc. | IDG-T | 13.900 | Books are not a sustainable business. How does a traditional bookseller capitalized on current trends. Electronic books are taking over. Dividend is not safe and secure. | 2011-03-14 | ||
| PAST TOP PICK | Osisko Exploration Ltd. | OSK-T | 13.240 | (Top Pick Nov 25/10, Down 7.07%) | 2011-03-14 | ||
| WAIT | Denison Mines Corp | DML-T | 2.480 | Uranium plays might be the way to go at these levels. If there isn’t a melt down in Japan you could go into Uranium. | 2011-03-14 | ||
| Comment | Molycorp Inc | MCP-N | 45.700 | Doesn’t know if they would be wanting to buy Great West Minerals Group (GWG.T). Rare earth is is a hot sector but it has had a big run. | 2011-03-14 | ||
| BUY | Canadian Oil Sands | COS-T | 27.300 | Presume they will be able to maintain their dividend when they convert. Issues are coming out of the US about the “dirty Canadian” oil but their alternatives are limited. | 2010-11-25 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 46.200 | (A Top Pick March 5/09. Up 21.63%.) | 2010-11-25 | ||
| BUY | Power Financial Corp | PWF-T | 30.140 | Has both the Investors Group and life insurance assets. Really likes mutual fund business and feels it could run higher. | 2010-11-25 | ||
| Comment | RioCan Real Estate Investment | REI.UN-T | 21.870 | Real estate sector has done really well but it will be hard for them to go further. May not have the same performance as in the past. | 2010-11-25 | ||
| WEAK BUY | Research In Motion | RIM-T | 60.630 | Not been positive on this because Cdn tech stocks historically have not had staying power. In the last couple of months they’ve turned it around and looks like the new playbook is getting some traction. Technically it doesn’t look great but could turn around. Very cheapo. Cautiously optimistic. | 2010-11-25 | ||
| TOP PICK | Viterra Inc | VT-T | 9.400 | (A Top Pick March 5/09. Up 2.61%.) Very few ways to play the food business. There is a huge pick up now in everything to do with agriculture. Looks good technically. | 2010-11-25 | ||
| WATCH | Teck Resources Ltd. (B) | TCK.B-T | 49.800 | Base metals sector has a ways to go. If it can make new highs it will have room to run but will take a bit of effort to get through old highs.. | 2010-11-25 | ||
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| TOP PICK | TSX Group | X-T | 35.250 | (A Top Pick March 5/09. Up 25.52%.) As a proxy on the economy, you can do far worse. This is the best stock market in the developed world and we have the best economy. | 2010-11-25 | ||
| Comment | NYSE Group | NYX-N | 28.330 | Exchanges are wonderful proxies for the economies they serve. Looks like it’s on the mend. If it could get through the $31 level, $50 is a possible target. | 2010-11-25 | ||
| TOP PICK | Osisko Exploration Ltd. | OSK-T | 14.570 | Gold stocks have done well but not nearly as well as the price of gold itself. Very hard to develop, find, get approval for environmental assessments and create a new gold mine. This company has just brought on the biggest gold mine in Canada. | 2010-11-25 | ||
| HOLD | PetroBakken Energy | PBN-T | 18.950 | Hasn’t done as well as other Bakken plays and he doesn’t know why. Great dividend of about 5%. Great properties. Has a good shot at doing better. | 2010-11-25 | ||
| BUY | Barrick Gold | ABX-T | 36.990 | (Market Call Minute.) Really likes the gold sector. Still the 900 pound gorilla in gold. | 2009-03-05 | ||
| BUY | Agrium | AGU-T | 42.030 | Other than gold, food is the only other sector that he is bullish on. This is something that people just have to have. | 2009-03-05 | ||
| PAST TOP PICK | Bank of Montreal | BMO-T | 27.160 | (A Top Pick Feb 1/08. Down 49.1%.) Financials have had a difficult time and have not gotten any better. | 2009-03-05 | ||
| Comment | Canadian National R.R. | CNR-T | 38.820 | Canada's premier rail company. We are in a tough economic environment and rail is an economically sensitive sector. Performance going forward will be somewhat dependent a turnaround the overall economy. This has already been priced into the shares with the pullback it has had. If we stay at this level, the stock should do well. | 2009-03-05 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 19.120 | A bet on a company that is highly leveraged to the price of energy. At $40 a barrel, oil sands is hard pressed to make very much in the way of money. If you think oil is going to go back to $75 (which would take something extraordinary) you will get more bang for your buck because production cost is higher. | 2009-03-05 | ||
| SELL | Eastman Kodak | EK-N (Dead) | 2.450 | (Market Call Minute.) It would take a miracle to turn this one around. | 2009-03-05 | ||
| Comment | General Electric | GE-N | 6.660 | Chapter 11 would be the last option they would go for. They have a little ways to go. You would need to see the car companies completely wiped out. Their financial services is a millstone around their neck. | 2009-03-05 | ||
| TOP PICK | Goldcorp Inc | G-T | 38.450 | Gold is the one commodity in this uncertain world that people are going to have demand for. The increase in the US$, of which gold is really just the flip side, is simply unsustainable. | 2009-03-05 | ||
| Comment | Manulife Financial | MFC-T | 10.000 | Have segregated funds, which they guaranteed the performance that you get all your money back after 10 years. Didn't do a lot in the way of hedging so their exposure to the market is considerable. However, if this market turns around, this company could be one of the best performing financials on the way up. | 2009-03-05 | ||
| Comment | Power Financial Corp | PWF-T | 15.950 | Holds Great West Life (GWO-T), which has less exposure to the market than Manufacturers Life (MFC-T). Also has the Investors Group (IGM-T). This is a way of investing in the market, leveraged to the market and if there is a turnaround this should do better than the market as a whole. | 2009-03-05 | ||
| Comment | Research In Motion | RIM-T | 48.820 | There is something on un-Canadian about creating a high-tech company that really works. They get to a certain point and he worries that they can’t get any further. Margins are under pressure because of competition. | 2009-03-05 | ||
| HOLD | Stantec Inc | STN-T | 20.580 | (Market Call Minute.) Infrastructure type plays are going to be a tough row to hoe but this is a good company with a global reach. | 2009-03-05 | ||
| TOP PICK | Viterra Inc | VT-T | 9.200 | Likes the food business. Will probably take a while to get it through $11 but as a way of playing the food business, it is one of the few and very well run companies that should do better. | 2009-03-05 | ||
| PAST TOP PICK | Teck Resources Ltd. (B) | TCK.B-T | 3.420 | (A Top Pick Feb 1/08. Down 90.2%.) Doesn't like the sector and doesn't think there is a lot to drive this to get a whole lot better. Extremely speculative. | 2009-03-05 | ||
| HOLD | Talisman Energy | TLM-T | 11.380 | One of the best energy companies in the country but he is not bullish on energy at this time. His one concern is that they always seem to get themselves into the worst PR jams. | 2009-03-05 | ||
| BUY | Wal-Mart Stores Inc. | WMT-N | 49.750 | (Market Call Minute.) Really likes companies that people use every day. Clearly this one is picking up market share from other stores. | 2009-03-05 | ||
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| TOP PICK | TSX Group | X-T | 30.430 | (A Top Pick Feb 1/08. Down 34.1%.) Merger with the Montreal exchange was a good move. All the other exchanges in North America are getting hammered but this one is doing well. | 2009-03-05 | ||
| HOLD | Yellow Media Inc | YLO-T | 5.140 | (Market Call Minute.) Have done better than some of their counterparts in other countries that there seems to be a lack of recognition. | 2009-03-05 | ||
| Comment | Yamana Gold Inc. | YRI-T | 11.320 | Apparently 4th quarter earnings report beat expectations by a wide margin. Thinks gold producers will continue to surprise to the upside. | 2009-03-05 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Q: Should I borrow to invest in dividend-paying vehicles? A: Although he himself has done it in the past, it has never worked out and he has never seen it work out. Specifically, you are borrowing short to invest long. | 2009-03-05 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Cdn$: A tough one to call. Cdn$ has been weak because the US$, relevant to the rest of the world, has been so egregiously strong. No fundamental reason why the US$ is as strong as it is but is still being considered as the world's reserve currency. Cdn$ will ultimately be tied to energy prices. | 2009-03-05 | ||
| SELL | TriStar Oil & Gas | TOG-T | 7.920 | (Market Call Minute.) Doesn't like energy that much. | 2009-03-05 | ||
| Comment | NYSE Group | NYX-N | 15.100 | Market share and margins are really the issue. The only businesses in the financial services that have done well are the exchanges. There are 40 different alternative trading platform systems in the US, which will be hurt even more than this. Has a global reach and involved in a wide product mix. | 2009-03-05 | ||
| SELL | Brookfield Asset Management (A) | BAM.A-T | 15.100 | (Market Call Minute.) Doesn't see real estate turning around for a protracted period of time. | 2009-03-05 | ||
| WEAK BUY | Jovian Capital Corp. | JOV-T | 0.230 | (Market Call Minute.) Beta Pro shares and ETF's have got a lot of traction. Market is just in its infancy on how to use them. | 2009-03-05 | ||
| TOP PICK | Agnico-Eagle Mines | AEM-T | 62.000 | Potential to increase production over the next number of years. Not hedged. Low cost producer. | 2009-01-19 | ||
| PAST TOP PICK | Bank of Montreal | BMO-T | 31.630 | (A Top Pick Feb 1/08. Down 39.8%.) Have been buying this recently. Close to 9% yield and is probably safe for the near future. | 2009-01-19 | ||
| SELL | Cameco Corporation | CCO-T | 21.750 | (Market Call Minute.) Wouldn't be a holder of this one right now. | 2009-01-19 | ||
| BUY | Goldcorp Inc | G-T | 32.540 | (Market Call Minute.) Likes gold very, very much. | 2009-01-19 | ||
| BUY | NovaGold Resources Inc | NG-T | 2.100 | (Market Call Minute.) Likes gold very, very much. | 2009-01-19 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 89.250 | The advantage with a food stocks is that there is not the stockpiling issue as there is with other commodities. Demand will continue to be fair. | 2009-01-19 | ||
| BUY | Power Financial Corp | PWF-T | 24.200 | (Market Call Minute.) Likes financial services and gives a 6% yield. | 2009-01-19 | ||
| TOP PICK | Royal Bank | RY-T | 32.600 | Canada's premier bank. Good management. Continues to build its franchise. Hasn't been tagged with the US banking problems. 6.1% yield. | 2009-01-19 | ||
| Comment | SNC-Lavalin Group Inc. | SNC-T | 37.020 | Infrastructure has been a big theme in the market to some degree has anticipated this. Hard to know which company is going to be the beneficiary of it. You could also look at a fund that focuses primarily on infrastructure. | 2009-01-19 | ||
| DON'T BUY | Sherritt International Corp. | S-T | 3.680 | Anything in the base metals sector is going to have a real struggle. His preference in mining would be gold. (See Top Picks.) | 2009-01-19 | ||
| BUY | Viterra Inc | VT-T | 8.540 | Between Potash (POT-T) and this, he would prefer this stock as you will get more bang for your buck. Has been hit harder than it should have been. | 2009-01-19 | ||
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| Comment | Toronto Dominion | TD-T | 42.440 | Not any worse off than any of the other banks. | 2009-01-19 | ||
| TOP PICK | Teck Resources Ltd. (B) | TCK.B-T | 5.820 | (A Top Pick Feb 1/08. Down 83.9%.) If you have to have a play in the mining/metals sector, this would be a good bet if things do turn around. | 2009-01-19 | ||
| DON'T BUY | Talisman Energy | TLM-T | 11.760 | Hasn't been hit ridiculously hard relative to the way energy stocks have performed but he is having a hard time being bullish on energy, as he doesn't see an economic recovery in the near future. | 2009-01-19 | ||
| PARTIAL BUY | Trans Canada Corp | TRP-T | 34.700 | Has been nibbling away at the pipelines. Have a good yield and have performed reasonably in this period. 4.25% yield. | 2009-01-19 | ||
| BUY | Wells Fargo | WFC-N | 18.680 | (Market Call Minute.) Thinks the US financial services stocks are a Buy. | 2009-01-19 | ||
| TOP PICK | TSX Group | X-T | 29.740 | (A Top Pick Feb 1/08. Down 36.8%.) Good proxy for the market. Oversold. Seems to have bottomed out and wants to have higher. Likes management. | 2009-01-19 | ||
| BUY | iUnits S&P Financial | XFN-T | 15.470 | A reasonable way to play the financial sector. Relatively low fees. His own preference would be to own the bank stocks directly and get the dividends. | 2009-01-19 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | US$: Our dollar is very much tied to energy prices and he doesn't expect it to strengthen against the US$ a great deal. | 2009-01-19 | ||
| BUY | Ritchie Bros Auctioneers Inc. | RBA-T | 22.510 | Being a big auction house, you would think that in this difficult time, people are going to use their facilities more than they would have otherwise. One of the few ways to play a recession. | 2009-01-19 | ||
| Comment | Astrazeneca P L C | AZN-N | 36.620 | Doesn't know this as well as some of the others. Stocks he likes the most in this sector are Abbott Labs (ABT-N) and Novartis (NVS-N), which have good pipelines and good growth potential. | 2008-10-27 | ||
| Comment | Boeing | BA-N | 42.360 | People will still fly but not as much. Company hasn't been hit as much as the rest of the market. Had labour problems. If we are really in a recession and it turns really bad and takes a long time to recover, demand for aircraft will turn down very sharply. Not wildly enthusiastic about this one going forward. | 2008-10-27 | ||
| HOLD | CitiGroup | C-N | 11.730 | Big financial services stocks that have made it through this far are going to make it through. They are in a very enviable position strategically. | 2008-10-27 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 25.710 | Question: If oil prices were $55 in 2009, which of Canadian Oil Sands (COS.UN-T), Suncor (SU-T) or Husky Energy (HSE-T) would you buy?Answer: Probably Husky. It is an integrated with a lot more diversification. Suncor is integrated but is mostly heavy oil. Canadian Oil Sands is entirely heavy oil. Heavy oil is the most vulnerable to the changes in energy prices. | 2008-10-27 | ||
| HOLD | Cemex SA | CX-N | 5.780 | (Market Call Minute.) Not his favourite. | 2008-10-27 | ||
| DON'T BUY | Encana Corp | ECA-T | 51.040 | Prefers the integrated producers. This is the best and brightest among the producer stocks. If you want some energy exposure, this is probably the one you want to have. He is not bullish on energy going forward. | 2008-10-27 | ||
| WEAK BUY | Husky Energy | HSE-T | 30.800 | Question: If oil prices were $55 in 2009, which of Canadian Oil Sands (COS.UN-T), Suncor (SU-T) or Husky Energy (HSE-T) would you buy?Answer: Probably Husky. It is an integrated with a lot more diversification. Suncor is integrated but is mostly heavy oil. Canadian Oil Sands is entirely heavy oil. Heavy oil is the most vulnerable to the changes in energy prices. | 2008-10-27 | ||
| BUY | Coca-Cola Company | KO-N | 41.010 | This is something that people use every day. Stock has come off like every other stock. Feels that going forward these kinds of companies will probably be market leaders. The only thing better would be financials. | 2008-10-27 | ||
| TOP PICK | Manulife Financial | MFC-T | 21.170 | Great international diversification. Well positioned in Asia. Good opportunity for a stock that has been really beaten down. | 2008-10-27 | ||
| Comment | Petro-Canada | PCA-T | 24.100 | Of the biggest players in the industry, this would be his favourite. Broadly diversified. Very cheap on a cash flow basis. Energy prices may continue to come down. | 2008-10-27 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 81.800 | (Market Call Minute.) Thinks it will have a big bounce back. Doesn't think agriculture is going to go away. | 2008-10-27 | ||
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| Comment | Russel Metals | RUS-T | 19.300 | (Market Call Minute.) In this sector, it would be a Buy. Great dividend. | 2008-10-27 |
