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| David Cockfield of Northland Wealth Management |
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| BUY | Barrick Gold | ABX-T | 46.520 | Thinks gold has bottomed. Was predicted to go a lot lower. It bounced and there was good demand out of china. This is a good company. If you want a gold stock, this is probably the best. | 2012-01-20 | ||
| BUY | BCE Inc. | BCE-T | 42.140 | Likes the drip program, especially with a stock like BCE. Will probably move sideways. They will probably raise the dividend. | 2012-01-20 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 23.300 | Feels the management needs to be more heads up. On a longer term basis the demand is there and they will do ok. He has tended to stand back from this one, though. | 2012-01-20 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 24.650 | People almost look at it as a utility. Pretty good at digging it out of the ground and processing it. Payout ratio is too high. They have big capital plans. They are tight on the money side. In the past when this happens they cut the payout. Will be fine on a long term basis. | 2012-01-20 | ||
| DON'T BUY | Encana Corp | ECA-T | 17.690 | Nat Gas: Was a big fan about a year ago. When they spit he got out of it. Price of gas has gone lower than he figured. Cash flow will slow considerably. | 2012-01-20 | ||
| BUY | Inter Pipeline Fund | IPL.UN-T | 18.050 | One of his favorites. Still likes it and feels it is reasonably priced. Good to hold for yield. Potentially could increase dividend this year. May back fill for a little while. | 2012-01-20 | ||
| BUY | Kinross Gold | K-T | 10.360 | His number 3 gold company. Stock has been acting rather badly. They wrote off a big chunk of good will, but it tipped the scales. He is thinking of adding at these prices. Not badly managed. | 2012-01-20 | ||
| BUY | NAL Energy Corp | NAE-T | 7.560 | Just added to his positions. Liked the company and where they are drilling in Alberta. They are good managers, but someone has been selling it and it has been significant and it has brought the stock down. They did cut the dividend but it is still at 8%. Will do quite well over the next couple of years. | 2012-01-20 | ||
| SPECULATIVE BUY | Norbord Inc. | NBD-T | 10.830 | Strand board producer in the US. Stock has started to turn around. It’s a long shot. No earnings or dividend. European operations have been quite positive. People are getting hopeful. You have to have a long horizon to buy this company. The US new housing sector has to come back. | 2012-01-20 | ||
| BUY on WEAKNESS | Parkland Fuel Corp | PKI-T | 12.820 | Has not been adding to it, but watching it. Likes it because it has a good payout but the ratio is rather high. It was more predictable in the past and were good managers, then got into the fuel distribution and done well, but he is watching it until he gets a better fix on how the expansion plan has worked. Add closer to $10. | 2012-01-20 | ||
| HOLD | Research In Motion | RIM-T | 17.240 | He averaged down when it was in the 20’s. Has clients that do like this stock. Multiple is incredibly low. Off shore markets are doing better. He keeps hoping that someone will stop up and throw some money on the table. Thinks they have to get bought out for $25. No dividends, but earnings are still coming in. They have a good product. They are adding more apps. | 2012-01-20 | ||
| BUY | Royal Bank | RY-T | 53.850 | A lot of the concern that was expressed was well overdone. He is not concerned about any of the chartered banks. Has the largest dividend in Canada and is a pretty well run bank. He considers banks core stocks. They suffered from what has been happening south of the border but they were not affected. It’s a good sign that people are coming back in to the banks. | 2012-01-20 | ||
| HOLD | Sunlife Financial | SLF-T | 20.680 | Doesn’t think they are in the same territory as MLF, which has pulled it down. If you want to own a lifeco, this is probably one of the best. He did it through power corp. | 2012-01-20 | ||
| WEAK BUY | Sherritt International Corp. | S-T | 6.200 | Liked the stock and what they were doing in Cuba and then along came Madagascar. A question mark from a political standpoint. They could start producing and so he is looking at it again. It’s not the kind of stock he buys in this king of environment. 6 months from now we will see how the commissioning goes. | 2012-01-20 | ||
| DON'T BUY | Viterra Inc | VT-T | 10.330 | On a long-term basis, you are ok. But short term he prefers AGU-T | 2012-01-20 | ||
| PAST TOP PICK | Toronto Dominion | TD-T | 79.150 | (Top Pick Jan 21/11, Up 9.27% Total Return) His favourite bank. Successful at getting into the US. They are just very good managers. | 2012-01-20 | ||
| DON'T BUY | Talisman Energy | TLM-T | 12.080 | Likes it but with the price of gas where it is, it is hard to make money. These kinds of companies are going to go sideways. | 2012-01-20 | ||
| BUY | Trans Canada Corp | TRP-T | 41.810 | Did a little profit taking about a month ago. This whole issue is not going to come back until after the election. He is happy holding it whether keystone goes ahead or not. | 2012-01-20 | ||
| PAST TOP PICK | Baytex Energy Corp | BTE-T | 57.000 | (Top Pick Jan 21/11, Up 24.33%) A major holding personally. Pumpable heavy oil. Would not be surprised if they raise the dividend again. | 2012-01-20 | ||
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| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: There is a sentiment shift and we could be in for a good market run in the short term, especially if the Greek owners sort out their haircut problem. Bond issues have been going reasonably well. The bigger problems with debt piling up still have to be solved, but it at least buys some time. Corporate earnings are up and dividends are increasing. Some stocks are bargains on a long-term basis. A lot of people are very afraid of the market. Telcos are not going under. Just sit back and relax. The tightening in China has stopped and real estate has been hit. They are concerned they don’t over do it. They would like to see the real estate market correct a little more and he believes they are in for a soft landing. | 2012-01-20 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | BMG Bullion Fund (Top Pick Jan 21/11, Up 22.29%) Wanted tot get into the actual bullion. This has gold, silver and platinum in thirds. He decided to sell when silver and platinum weren’t looking that good. | 2012-01-20 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Sprott Gold Bullion Fund. Low management cost. Pure gold fund. Held up well in this market and outperformed gold stocks in recent times and he things this will be the pattern going forward. | 2012-01-20 | ||
| TOP PICK | Bell Aliant | BA-T | 28.070 | Slow and steady and a nice dividend. Doing well in their market area. A good, reasonable income producing stock. Best dividend of any Telco stock. | 2012-01-20 | ||
| HOLD | Canfor Pulp Products | CFX-T | 14.200 | Yielding about 11%. Thought was that the payout was cut but months have gone by and it has not been cut. The price of pulp has been coming down, but stabilized recently. Thinks it will be ok even if it cuts its payout. | 2012-01-20 | ||
| WEAK BUY | PetroBakken Energy | PBN-T | 15.740 | Has been less than happy with in the past. It really got a way from its basic business. It was over levered. They also came out with predictions on declines in the wells they were drilling that the analysts didn’t buy. They are coming out with pretty good numbers now. Thinks it will make some progress on the upside. He is not super positive and would like to see more of the results. Likes CPG better. | 2012-01-20 | ||
| TOP PICK | Claymore Advantage High Yield Bond ETF | CHB-T | 20.360 | High yield corporate bond ETF. Yield is close to 7%. Lots of diversification. If interest rates look like they are starting to go up, you exit quickly. | 2012-01-20 | ||
| HOLD | Agnico-Eagle Mines | AEM-T | 43.980 | Well-run company, but it's gold and copper, which is the reason it is not acting so well these days. As long as there are the concerns from Europe copper will be vulnerable. Probably a little late to bail if you own. When it starts to move, it moves quite well. | 2011-12-09 | ||
| TOP PICK | BCE Inc. | BCE-T | 40.740 | 7th time they have raised their dividend in the last 3 years. Good yield. Strong management. Has good growth prospects. | 2011-12-09 | ||
| Comment | Bank of Nova Scotia | BNS-T | 48.980 | Has always liked their Caribbean, Central America connection. Stock performed extremely well and actually got a little ahead of itself and subsequently has been backing and filling. Has been trimming his banks but this is one that he would add back. | 2011-12-09 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 20.920 | This is not one of his favourites. If he wants yield, he goes to some of the older, smaller income trust oil/gas companies. They have a lot of business ahead of them in terms of keeping their facilities up and running. High maintenance costs and have some high capital costs coming. | 2011-12-09 | ||
| HOLD | Canadian Pacific Rail | CP-T | 64.750 | Concerning about both the Canadian Pacific and Canadian National (CNR-T) in that they are economy stocks. Interesting that the rails are getting into the business of transporting oil and could turn out to be quite profitable. He is looking at them again. | 2011-12-09 | ||
| DON'T BUY | Dollarma Inc. | DOL-T | 40.910 | Multiple is pretty high at near 20 times. Still have expansion space in Canada. Has had a good run and there may not be that much left in the stock. | 2011-12-09 | ||
| BUY | Emera Inc | EMA-T | 32.900 | Utility based in the Maritimes. There won't be much in the way of capital gains. Good dividend and he can see increases in the future. | 2011-12-09 | ||
| TOP PICK | Enbridge | ENB-T | 36.680 | Looks a little expensive and the yield is not that great but love what they are doing south of the border. They have a pipeline route that is around the aqua fire. Expects a dividend increase next year. Good management and a very safe company. | 2011-12-09 | ||
| Comment | Husky Energy | HSE-T | 25.000 | Growth has slowed right down and doesn't seem to aggressive in keeping the growth rates up. Shifting from their offshore back to Alberta and BC. Oil sands stuff is not moving very fast. Pretty boring. Think they would be hard pressed to cut the dividend. | 2011-12-09 | ||
| Comment | Kinross Gold | K-T | 13.610 | Had thought the company was coming around but then it took another leg down. There seems to be some significant selling of the stock and he knows some of the US hedge funds owned it. Considers it one of the cheaper gold-mining stocks. | 2011-12-09 | ||
| PAST TOP PICK | NAL Energy Corp | NAE-T | 7.150 | (A Top Pick Dec 17/10. Down 40.52%.) Good management. They are in the cardium. Back in the spring, new selling came in and has been going on ever since. Using about 11%. Still a Hold. | 2011-12-09 | ||
| PAST TOP PICK | Parkland Fuel Corp | PKI-T | 12.400 | (A Top Pick Dec 17/10. Up 22%.) Very good yield at about 7%. | 2011-12-09 | ||
| HOLD | Potash Corp of Saskatchewan | POT-T | 41.570 | Fertilizer stocks tend to be pretty volatile. If you were going to own a fertilizer stock, it would tend to be Agrium (AGU-T). These stocks will all come back. It is a great industry with real demand for their product. | 2011-12-09 | ||
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| DON'T BUY | Rogers Communcations (B) | RCI.B-T | 36.760 | If he wants to participate in this area, he would prefer going to BCE (BCE-T) which have strong management. If you want a little more yield, he would go with Bell Aliant (BA-T). Their area will become more competitive, particularly as the optical cable goes in. (See Top Picks.) | 2011-12-09 | ||
| WATCH | Research In Motion | RIM-T | 16.760 | Trades at an incredibly low P/E ratio at under 5 times. Things aren’t really that bad yet but they keep on dropping the ball. He would like to see a couple of more quarters. If the world economy escapes the black hole of Europe, you could absolutely see this company doing better. | 2011-12-09 | ||
| HOLD | Transalta Corp | TA-T | 20.890 | Utility that is pretty well managed. Good yield. Has pretty reasonable long-term growth. Nice stock to hold when the market is volatile. | 2011-12-09 | ||
| WATCH | Toronto Dominion | TD-T | 73.270 | One of his favourite banks but all the banks have been under pressure. Partly because of concerns about a slowdown in North America. Wealth management side of the banks have been taking a beating. The real problem has been the European situation. He is on the wall watching what is going to happen. | 2011-12-09 | ||
| BUY on WEAKNESS | Teck Resources Ltd. (B) | TCK.B-T | 37.920 | Has been very volatile. If things don't turn out well in Europe, people start worrying about the economy and the demand for base metals. It could easily take another hit. Almost in a trading range. If you see it get below $35, it is definitely a buy. | 2011-12-09 | ||
| TOP PICK | Baytex Energy Corp | BTE-T | 54.490 | Very competent Alberta heavy oil producer. In the Sele (?) area of Alberta, which is pumpable heavy oil. Technology has improved. Have doubled and tripled their recovery rates, which used to be 5% and is now 15% and could be up to 30%. Just increased their dividend. | 2011-12-09 | ||
| PAST TOP PICK | Crescent Point Energy Corp | CPG-T | 44.260 | (A Top Pick Dec 17/10. Up 7.55%.) 6% dividend. Still likes. If buying try to get it under $40. Have a very strong dividend reinvestment program (DRIP) that keeps pushing cash into them so they don't have to do a new issue. | 2011-12-09 | ||
| DON'T BUY | Uranium One Inc. | UUU-T | 2.410 | He has basically decided to steer clear of uranium stocks for the near-term. The disaster in Japan and governments indicating they're not going to go to declare is giving enough headwinds. | 2011-12-09 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | A year ago, TSX was $1600 above the DOW and today it is below. Why? Repatriation of funds from Europe has had a big impact on this. There are lots of good quality, multinational companies in the US. Canada is somewhat on the resource side and mines have taken a hit and gold companies have gone sideways. At some point or other, will be back to a point spread of $1000 or better. | 2011-12-09 | ||
| BUY | Bell Aliant | BA-T | 28.030 | Maritime, Québec and some parts of Ontario. Wire line, but are getting into the optical cable. Earnings growth is good and it has an excellent yield of 6% plus. He keeps adding every time it gets below $28. | 2011-12-09 | ||
| BUY | Pacific Rubiales Energy Corp. | PRE-T | 20.560 | Doesn't pay a dividend so it is a growth stock. Operates in Colombia. Has taken quite a beating recently. He still likes the company. There were some downgrades in terms of their potential production. It is definitely trading in a Buy range. | 2011-12-09 | ||
| HOLD | PetroBakken Energy | PBN-T | 10.310 | Numbers have been improving and it now looks quite cheap. Multiples look quite reasonable. Trading right on its NAV. | 2011-12-09 | ||
| SELL | Alcoa | AA-N | 10.230 | He is not positive on aluminum. There seems to be excess capacity globally. Hard for them to hold their price lines and this is what is showing up in their margins. | 2011-10-21 | ||
| BUY | BCE Inc. | BCE-T | 39.460 | Hit a new high recently and is running against the grain of the market. Still has an excellent yield. | 2011-10-21 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 20.250 | Uranium has taken quite a hit ever since the Japanese problem surfaced. Doesn't show any signs of turning around yet. In the longer term, we know the Chinese will be buying uranium. Yield isn't enough to attract him. Wants to see a nice base being built before the steps in. | 2011-10-21 | ||
| TOP PICK | Inter Pipeline Fund | IPL.UN-T | 16.520 | One of the more aggressive pipeline companies. Stock is outperforming the index. Have tied themselves into the oil sands and have built some new pipelines. Cash flow easily covers the payout. | 2011-10-21 | ||
| DON'T BUY | Petrobank Energy and Resources | PBG-T | 8.210 | Reasonable yield, but not sure if it is sustainable. Some of their operations in South America are not particularly predictable and have high decline rates. | 2011-10-21 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 49.630 | Likes agriculture but his preference is Agrium (AGU-T). Feels that potash will be in short supply for a long time. Feels that fertilizer should be in everybody's portfolio. Because of the poor yield, his weighting is only 2%. | 2011-10-21 | ||
| PAST TOP PICK | Power Corp | POW-T | 24.500 | (A Top Pick Oct 13/10. Down 6.04%.) Virtually all the financials are down. Their interest in Europe has not helped them much either. You is okay and he likes the management. Hold. | 2011-10-21 | ||
| HOLD | Research In Motion | RIM-T | 23.000 | Recent outage cost them a lot of credibility in Europe. It has probably lost them some future sales. They are still earning pretty good money and have some very good products. Doesn't seem to want to break below $22-$23. | 2011-10-21 | ||
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| DON'T BUY | Sherritt International Corp. | S-T | 4.700 | When they got into the Madagascar play, he felt the timing was not conducive. Made a lot of sense from a geological standpoint. That part of the world is less than stable politically. He’ll wait to see how they do on this before stepping back in. | 2011-10-21 | ||
| Comment | Suncor Energy Inc | SU-T | 30.270 | If European Union names the tar sands as dirty oil, how will this impact the industry? Not a good thing. At will give encouragement to the US. Highly suspicious of some of the US environmentalists as some of their funding seems to be coming from US oil companies. | 2011-10-21 | ||
| BUY | Viterra Inc | VT-T | 10.500 | In the fertilizer space. Has been watching it closely. Without any significant dividend yield, the stock has not performed that well. Fertilizer is an area where you can make long-term investments in at these levels, this is not such a bad idea. | 2011-10-21 | ||
| BUY | Transalta Corp | TA-T | 22.360 | Payout ratio is a little scary but they've held their dividend before and he thinks they will do it again. | 2011-10-21 | ||
| Comment | Trans Canada Corp | TRP-T | 43.750 | Opinion on the Keystone seems to change every day. He is watching very closely. Big problem is that the pipeline will be crossing a major aquifer. Feels the deal will be conditional on them rerouting, which would take another couple of years. Has been paring his position recently. (See Top Picks.) | 2011-10-21 | ||
| PAST TOP PICK | Baytex Energy Corp | BTE-T | 52.160 | (A Top Pick Oct 13/10. Up 41.4%.) Lightened his position when the stock hit $58. Very good at extracting the heavy oil. | 2011-10-21 | ||
| PAST TOP PICK | Crescent Point Energy Corp | CPG-T | 43.120 | (A Top Pick Oct 13/10. Up 14.55%.) Still likes this. Good dividend at close to 7%. Best people in the Bakken. | 2011-10-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. People got carried away with the slow economy earlier this year and when it came, everyone extrapolated from there a downward curve. But things have picked up. The Philly Fed report was extremely positive. Employment numbers have improved. A whole bunch of earnings from major US corporations is having more beats than misses. US corporate sector is quite healthy but they're sitting on all their money so there's not much expansion or hiring. Aggressive and small-cap stocks are going to languish until there is real momentum in growth. | 2011-10-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | REITs? He is concerned about this sector. They have been a favourite. Yields have come down. Feels the real estate sector as a whole is somewhat suspect these days. Residential is okay but he wonders about the commercial side. | 2011-10-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Short selling? This has been around for a long time. Back in the 30s they put in a rule “Up Tick” where you couldn't sell short unless there was an up tick. And has now disappeared and has added to the problems. Has some impact, but high-speed computer trading has a lot more. Feels they should not allow “naked shorts”, in other words you have to borrow the stocks. | 2011-10-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | DRIP programs in RRIFs? Makes a lot of sense. An attractive way and some DRIP programs give a little extra advantage in terms of pricing. | 2011-10-21 | ||
| Comment | Silver Wheaton | SLW-T | 30.110 | Doesn't have any significant yield. Centers it a Buy under $30 and a Sell when it gets into the low $40. Likes this kind of operation where you are not dependent on one mine. Doesn't like some of their jurisdictions. | 2011-10-21 | ||
| TOP PICK | Bell Aliant | BA-T | 27.820 | Wire line in the Maritimes. Fibre optic side of the business has been really growing. Now that there is a big building contract in the area, it will probably help them. Good yield. Well-managed. | 2011-10-21 | ||
| BUY | Pacific Rubiales Energy Corp. | PRE-T | 24.680 | Virgin territory in Colombia, which has turned around politically. Improvement in production has been substantial. They have no problems getting licensing or getting the pipelines in. | 2011-10-21 | ||
| TOP PICK | Claymore 1-5 yr Ladder Corp Bond ETF | CBO-T | 20.360 | 1-5 yr Ladder Corp Bond ETF. Has clients concerned about the stock market and want a bond holding. Not very volatile. Has a monthly payout. Yields 4.6%. Top 10 holdings would include Bank of Montreal, Bank of Nova Scotia, Royal Bank Trust, Toronto Airport, all very solid AAA names. | 2011-10-21 | ||
| Comment | Athabaska Oil Sands Corp | ATH-T | 12.460 | His objection to this is “no dividend”. This one is over the horizon. If you want to get into the oil sands, you can get into Suncor (SU-T) or Canadian Oil Sands (COS-T) instead. | 2011-10-21 | ||
| BUY on WEAKNESS | Agrium | AGU-T | 75.880 | One of his core growth stocks. Fertilizer area just has to grow. Made a great acquisition in Australia and can see a lot of synergy with the far east in this. If it dropped any further he would be adding to his holdings. | 2011-08-19 | ||
| SELL | Cott Corp | BCB-T | 7.090 | A very volatile stock. His experience is that you never seemed to know what was coming around the corner at you. If you have an opportunity, Sell on strength. | 2011-08-19 | ||
| PAST TOP PICK | BCE Inc. | BCE-T | 38.240 | (A Top Pick Aug 6/10. Up 25.3%.) Fits his pattern of a good large-cap company that pays a good dividend and willing to increase dividends. | 2011-08-19 | ||
| DON'T BUY | Canadian Pacific Rail | CP-T | 53.750 | Hasn't been performing that well. Any holdings he had was switched into Canadian National (CNR-T). A bulk carrier and will suffer if we have slower growth. Got ahead of itself. | 2011-08-19 | ||
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| Comment | Husky Energy | HSE-T | 24.310 | Got a little up with this one but is now back looking at it. Dividend is pretty good. Quarterly report was excellent. | 2011-08-19 | ||
| TOP PICK | Kinross Gold | K-T | 16.640 | Took quite a hit when some of their production was not up to snuff. Technically it looks like it is on the recovery basis. Has a wide range of mines globally. Looks reasonably priced compared to some of the other golds. | 2011-08-19 | ||
| DON'T BUY | Manulife Financial | MFC-T | 12.490 | Yield isn't too bad but there is still a bit of a cloud over it. Last quarterly results were excellent and they are working their way out of their problems. Certain amount of market exposure to some of their products. He would prefer Sun Life (SLF-T) or Great West (GWO-T). | 2011-08-19 | ||
| TOP PICK | NAL Energy Corp | NAE-T | 9.210 | Basically oily rather than too much gas. Good management. Anytime it is under $10, it is a Buy. Great yield at 9.1%. Well run company. | 2011-08-19 | ||
| Comment | Pembina Pipeline Corp | PPL-T | 25.050 | Switched his holdings into Inter Pipeline (IPL.UN-T). Has a good yield and is a well-run company but he prefers Inter Pipeline’s alliance with the oil sands. Has ever growth prospects. | 2011-08-19 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 50.130 | Once you get under $50, this is a buy. Market for fertilizer is great globally. This is probably the premier potash producer in the world. | 2011-08-19 | ||
| PAST TOP PICK | Power Corp | POW-T | 22.720 | (A Top Pick Aug 6/10. Down 11.76%.) Good diversification. Prefers Power Financial (PWF-T) now. (See Top Picks.) | 2011-08-19 | ||
| TOP PICK | Power Financial Corp | PWF-T | 25.740 | Likes it because it is currently out of favour. The yield is better than what you will get from the banks. Diversified product because you are getting a lot of insurance company money. Doesn't have a lot of exposure to the mortgage market. | 2011-08-19 | ||
| WEAK BUY | Research In Motion | RIM-T | 26.430 | Is tempting but he would like to see it build a little more of a base. Just came out with 7 new products, which are selling reasonably well. Trades under a 5 times multiple, which is amazing for a growth stock. No dividends. If you are a risk taker, this is not a bad bet. Could be a takeover target. | 2011-08-19 | ||
| HOLD | Royal Bank | RY-T | 48.970 | Not super enthused about the banks right now. There is better yield elsewhere. They are economy stocks and the economy is slowing here. A 2 year horizon is pretty good on this one. | 2011-08-19 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 38.150 | The problem here is more political than it is pricing. He sold his holdings some time ago until he could get a clearer picture of where the government regulations where to go on the pricing of drugs. Also yield is not high enough to attract him. | 2011-08-19 | ||
| DON'T BUY | Suncor Energy Inc | SU-T | 29.220 | Problem from a trading standpoint is that if the US people get real enthused about it, they can push it up significantly. Yield is not very exciting. As an integrated, it is into the problems that you get in the downstream on margins. These have been pretty good but think they will be limited in the near term. Sold his holdings and prefers others. | 2011-08-19 | ||
| BUY on WEAKNESS | Toronto Dominion | TD-T | 71.100 | He is not rushing into the banks at the present time. US banks are under a lot of pressure and this tends to spill over. This is one of his core bank holdings and he is not selling. Dividend is not bad. Thinks he might be able to get it cheaper. | 2011-08-19 | ||
| BUY | Teck Resources Ltd. (B) | TCK.B-T | 37.950 | Anything under $40 is not a bad entry point. Growth stock so the yield is not huge but not too bad. Own huge coal resources and great mineral resources. A solid stock. | 2011-08-19 | ||
| DON'T BUY | Talisman Energy | TLM-T | 15.250 | Still very bearish on gas stocks and will remain this way until he sees some sign of life in the price of natural gas. It will be really tough to keep earnings anywhere near where they were. (Gas liquids are okay.) | 2011-08-19 | ||
| DON'T BUY | Yellow Media Inc | YLO-T | 1.080 | Market was pretty good in anticipating the falloff. Problems they have are pretty basic. Computers have done a lot of harm to this company. Doesn't know if they will survive until June of next year. | 2011-08-19 | ||
| BUY | Crescent Point Energy Corp | CPG-T | 41.860 | Have liked this stock for a long time. Pays a good 6% dividend. Very agile management. Into the Bakken in Saskatchewan in a big way and now getting into the Cardium in Alberta.. | 2011-08-19 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. Looking at European and US situations there are causes for concern. The big question is, are they real causes of concern or something on the other side of the mountain that you won't figure out until you get to the top? He tends to be optimistic. Won't be as severe as 2008-2009 as a lot of people have taken cover and corporations are sitting with trillions of cash. | 2011-08-19 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | (A Top Pick Aug 6/10. Up 53.72%.) BMG Bullion Fund. Gold, silver and platinum in Bank of Nova Scotia (BNS-T) vaults. | 2011-08-19 | ||
| DON'T BUY | Daylight Energy Ltd | DAY-T (Dead) | 7.650 | Well managed, but too much gas. Have some gas liquids and light oil but he is shying away from anything with gas in it. Yield's not bad. | 2011-08-19 | ||
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| BUY | Penn West Petroleum | PWT-T | 17.570 | He lightened up his positions anytime they got close to $30. Management has a fantastic land position but can't seem to benefit from it but it makes him a great takeover target. He is looking at adding back some of his holdings. | 2011-08-19 |
