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| David Baskin of Baskin Financial Services |
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| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | He is in the “no double dip” camp. There will be very modest growth in the second half of 2010. New home construction at an all time low is a good sign. He never thought there would be a very robust recovery. He feels most of the gains in 2010 will come from dividends. Expects a saw tooth. Some stocks have been sold off much too much and these are opportunities. | 2010-07-06 | ||
| BUY | Suncor Energy Inc | SU-T | 31.230 | Oil is extraordinarily volatile. As recovery takes hold he expects oil to be moving in an upward direction. Production down for June because of some unscheduled maintenance. He is happy to be a holder of this. Buying for new and existing clients. | 2010-07-06 | ||
| STRONG BUY | Cameco Corporation | CCO-T | 22.620 | Chart is ugly. This was almost a top pick. They made a key deal with China, who is going to build 100 nuclear power plants. CCO had major geological problems in mine but under control now. Feels all of his clients should own it. Doesn’t know when the stock is going to go up. | 2010-07-06 | ||
| BUY | Inmet Mining | IMN-T | 43.430 | He is buying more. Will be one of the world’s best producers. Goes up and down with Copper, which goes up and down on perception of Chinese demand. If you think copper will stock at $3, then this is really cheap. | 2010-07-06 | ||
| BUY | General Electric | GE-N | 13.970 | Proxy for world economy. So many businesses are dependent on economic growth. Is a good time to buy ready for economic growth in 2011. Very solid company with products in so many markets. | 2010-07-06 | ||
| SPECULATIVE BUY | Research In Motion | RIM-T | 50.550 | Hit $50 today. $6 per share in cash. This means you are buying it for 8 x earnings. Market is telling us that Apple is the favourite in this space. The new devices released this fall are supposed to make RIM catch up. Wait until September and then it wont be speculative. | 2010-07-06 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 89.310 | Thinks it’s a cheap stock. 35% of its all time high. He thinks it is worth more than this. It is over sold. He is buying more. | 2010-07-06 | ||
| PAST TOP PICK | BCE Inc. | BCE-T | 30.580 | (Top Pick Jun 18/09, Up 36%) Thinks dividend will go up on this stock. Possibility of a foreign takeover, which would put it in the $40s. That’s not the only reason to own it. | 2010-07-06 | ||
| PAST TOP PICK | Empire Company (A) | EMP.A-T | 52.600 | (Top Pick Jun 18/09, Up 14%) 3 main assets. Sobeys, Cromby and movie theaters. The companies are worth $80 a share if values individually. Nice dividend (increased) and solid earnings. | 2010-07-06 | ||
| PAST TOP PICK | Trans Canada Corp | TRP-T | 36.410 | (Top Pick Jun 18/09, Up 22%) Dividend increase since last year. | 2010-07-06 | ||
| HOLD | Aecon Group Inc | ARE-T | 10.370 | Disappointing to him. Tremendous backlog of projects. Good earnings. Not sure why it is not being rewarded by the market. A bit of a small float and can be volatile. Earnings should increase. | 2010-07-06 | ||
| BUY | Bank of Nova Scotia | BNS-T | 49.120 | His largest Canadian bank holding. Likes their growth strategy – Caribbean, rather than US. | 2010-07-06 | ||
| DON'T BUY | Bank of Montreal | BMO-T | 58.550 | Have not had great management and Harris group has not been a tremendous asset for them. | 2010-07-06 | ||
| DON'T BUY | Magna Int'l. (A) | MG.A-T | 66.200 | Never owned because Frank Stronach pays himself too much and has too much control. He is not a big fan of what the Ontario securities commission is trying to do. Not a fan of the management style. | 2010-07-06 | ||
| DON'T BUY | Sherritt International Corp. | S-T | 6.020 | Always been a pretty edgy company because of its assets and geography. Thought there might be loosing of policy under Obama regarding Cuba. Not sure when coal prices will harden up. | 2010-07-06 | ||
| STRONG BUY | Trans Canada Corp | TRP-T | 36.410 | Charges a toll that is not based on the day-to-day commodity prices. Substantial growth plans going out over the next decade. Growing dividend. Should be a cornerstone of all portfolios. | 2010-07-06 | ||
| BUY | Husky Energy | HSE-T | 25.860 | (Market Call Minute) Benefiting by increased price in heavy oil. | 2010-07-06 | ||
| BUY | Home Capital Group | HCG-T | 40.290 | He is a believer. They have done very well. Loan losses are less than the banks. Credit card division has done very well. Well-managed company that raises it dividend regularly and likely to keep rising. Risk is if Real Estate does in Canada what it did in parts of the US. He doesn’t see bubble conditions. | 2010-07-06 | ||
| BUY | Tim Hortons | THI-T | 33.710 | Seems to be doing ok in US – making money and doing well. Doesn’t understand why it sold off at the end of June. Not particularly economically sensitive. | 2010-07-06 | ||
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| WEAK BUY | Inter Pipeline Fund | IPL.UN-T | 11.990 | (Market Call Minute) Nothing wrong with it. | 2010-07-06 | ||
| BUY | Suncor Energy Inc | SU-T | 31.230 | (Market Call Minute) Oil sands go on forever and political woes wont go on forever. | 2010-07-06 | ||
| TOP PICK | SNC-Lavalin Group Inc. | SNC-T | 42.050 | World-class company – consulting and construction. Backlog exceeds $10 Million. Has sold off more than 25% for reasons he can’t understand. Everyone knew they were going to have a soft quarter as they worked through the backlog from the recession. Now there is a huge backlog of profitable work. | 2010-07-06 | ||
| TOP PICK | Royal Bank | RY-T | 52.370 | Missed on their earnings and the market overdid it. Has problems in the US, but everybody does. Operations in Canada are very strong. As recovery takes hold earnings and dividend will grow. Top-notch company, 25% cheaper than in April. | 2010-07-06 | ||
| TOP PICK | Shoppers Drug Mart Corp | SC-T | 33.240 | Has not found a bottom yet. It’s now trading at a cheaper multiple than since it was spun off from its prior owner. People under estimate how they make money in the front of the store. They’re going to be a mini-supermarket. | 2010-07-06 | ||
| BUY | Rogers Communcations (B) | RCI.B-T | 34.550 | Gov’t announced possibility of increased foreign ownership in telecom. Rogers announced they will make more bandwidth available at a lower price. Smart phones are data hogs. Bell has more bandwidth than Rogers, but Rogers must feel they can handle it. As price of data/airtime comes down, they are selling a lot more of it. | 2010-07-06 | ||
| BUY | BCE Inc. | BCE-T | 30.580 | Gov’t announced possibility of increased foreign ownership in telecom, which raises the possibility of a takeover. Smart phones are data hogs. Have more bandwidth than Rogers. Bullish on entire telecom space. | 2010-07-06 | ||
| BUY | National Bank of Canada | NA-T | 55.830 | Always traded one or two multiple points below other banks because it is locked into its Quebec base. History of increasing dividend. | 2010-07-06 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Has been buying selectively. When the market is like this you have to get back to fundamentals. It’s a great time to buy companies that aren’t expensive. | 2010-06-03 | ||
| BUY | Suncor Energy Inc | SU-T | 33.290 | The price of oil is going up and down like a yoyo today. Bi companies like SU follow oil on an interim day basis. This is a great time to buy. What’s going on in the gulf makes SU look good. They may not have the most environmentally benign process in the world, but it looks good. He is buying it. | 2010-06-03 | ||
| SPECULATIVE BUY | Teck Resources Ltd. (B) | TCK.B-T | 35.120 | Near death experience. People are worried about the Chinese economy. There is no doubt that coal prices are weakening. There is an inventory of steel building up and this affects Tek. He would buy for only the more aggressive clients. | 2010-06-03 | ||
| DON'T BUY | Davis & Henderson Income Fund | DHF.UN-T | 16.840 | Not a name he likes that much. They are in a sunset industry. | 2010-06-03 | ||
| VAGUE | Talisman Energy | TLM-T | 18.220 | Gas is too cheap and that is why they are picking up a gas play. Has owned if forever. | 2010-06-03 | ||
| WEAK BUY | Uranium One Inc. | UUU-T | 2.560 | Nuclear power is going to be THE energy source of the 21’st century. The only problem is do you buy and wait for 2 years for wait for them to double over night. | 2010-06-03 | ||
| BUY | Barrick Gold | ABX-T | 44.090 | Gone up pretty nicely lately. Only gold stock he owns. Still more room to go up. It’s a good price for it. | 2010-06-03 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 37.760 | Plan to partner with the Alberta gov’t. It surprises him that Gov’ wants to get into that business. Well-managed company. | 2010-06-03 | ||
| BUY | Aecon Group Inc | ARE-T | 10.470 | One way to play it is through the convertible debentures. Maybe the whole balance of 2010 the earnings may look lousy but you have to stick with it. | 2010-06-03 | ||
| TOP PICK | Bank of Nova Scotia | BNS-T | 51.180 | Blew the doors off with their earnings this quarter. This is the name that really knows how to control their expenses. No exposure to the US. If the bank tax comes in it can’t be a large one because most of the banks in the world can’t afford a big tax. | 2010-06-03 | ||
| TOP PICK | Trans Canada Corp | TRP-T | 35.740 | Likes it for the yield, which is rising and the backlog of projects. Power generation will more and more become a privatized business across the province. So much of its business is pipelines and power generation that it doesn’t matter who runs it. | 2010-06-03 | ||
| TOP PICK | Onex Corp | OCX-T | 26.420 | Trades at a significant value to the value of its assets. Don’t know when those assets will be liquidated. Could be $3-5 of hidden value. | 2010-06-03 | ||
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| PAST TOP PICK | Trans Canada Corp | TRP-T | 35.740 | (Past Pick May 19/09, Up 19.53%) | 2010-06-03 | ||
| PAST TOP PICK | BCE Inc. | BCE-T | 31.760 | (Past Pick May 19/09, Up 40.85%) Telecoms were a great place to be. | 2010-06-03 | ||
| PAST TOP PICK | Canadian Utilities | CU-T | 44.290 | (Past Pick May 19/09, Up 32.57%) | 2010-06-03 | ||
| TOP PICK | Astral Media | ACM.A-T | 34.940 | Broad-based with radio stations in 8 provinces, specialty TV channels, billboard advertising and is benefiting from the general increase in ad revenues. Had a nice quarter and the forecast is very good. | 2010-05-10 | ||
| TOP PICK | National Bank of Canada | NA-T | 59.990 | This is one bank that won't get in trouble by buying Greek bonds. Likes their conservative nature. Nice dividend and lower multiple than the other banks. Expecting a dividend increase. | 2010-05-10 | ||
| TOP PICK | SNC-Lavalin Group Inc. | SNC-T | 47.200 | Best infrastructure play in Canada. Earnings last week were kind of disappointing but their backlog is huge and growing. As industrial reinvestment in plant and equipment increases, this company will benefit. | 2010-05-10 | ||
| PAST TOP PICK | Trans Canada Corp | TRP-T | 35.800 | (A Top Pick May 19/09. Up 19%.) A core holding because the dividend is so good and he keeps going up. Has a pipeline of projects in power generation and energy transmission. Terrific entry point right now. | 2010-05-10 | ||
| PAST TOP PICK | BCE Inc. | BCE-T | 30.800 | (A Top Pick May 19/09. Up 35%.) They have the capacity to keep raising the dividend. Their land line is a huge cash machine and at the same time they're making good penetration in Internet and wireless. | 2010-05-10 | ||
| PAST TOP PICK | Canadian Utilities | CU-T | 44.050 | (A Top Pick May 19/09. Up 30%.) Still likes. | 2010-05-10 | ||
| BUY | Inmet Mining | IMN-T | 52.150 | Play on copper so will be volatile. Earnings last week were slightly disappointing because their mine in Spain was delayed. Likes the story because they have mines in all stages of development. | 2010-05-10 | ||
| BUY | Telus Corp | T-T | 39.480 | There will be inflation, which will affect dividends. Could start by 2012. Likes telcos because they have pricing power i.e. the demand for their product is such that they can raise prices without losing customers. Good dividends. | 2010-05-10 | ||
| DON'T BUY | Manitoba Telecom Services | MBT-T | 29.840 | Of all the telcos in Canada, they had the worst quarter. They're not earning their dividend right now. No longer a takeover target and their franchise value is stable to declining. | 2010-05-10 | ||
| BUY | Talisman Energy | TLM-T | 17.550 | Talisman (TLM-T) and Canadian Natural Res (CNQ-T), both giant energy companies, are committing enormous resources to natural gas at a time when it seems to be in oversupply and very cheap. Obviously, what these companies see is that although natural gas is cheaper it now, it is the energy of the future. Potential to be worth $24-$25. | 2010-05-10 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 73.980 | Talisman (TLM-T) and Canadian Natural Res (CNQ-T), both giant energy companies, are committing enormous resources to natural gas at a time when it seems to be in oversupply and very cheap. Obviously, what these companies see is that although natural gas is cheaper it now, it is the energy of the future. | 2010-05-10 | ||
| DON'T BUY | Teck Resources Ltd. (B) | TCK.B-T | 39.530 | This is a bet on coal and coal pricing. This involves steel demand in China and how much they will pay for high-quality coal. Feels cold could come down because of overcapacity in steel. | 2010-05-10 | ||
| DON'T BUY | Westjet Airlines | WJA-T | 12.790 | Has pretty good earnings going forward but in the long run nobody makes money from airline companies. | 2010-05-10 | ||
| BUY | Sino-Forest Corp | TRE-T | 17.810 | Big supplier of wood. Tremendous plantations of eucalyptus in China. Standing timber is one of the great inflation hedges. | 2010-05-10 | ||
| DON'T BUY | Western Canadian Coal Corp. | WTN-T | 5.660 | Coal depends on the outlook for steel more than anything else. Traders currently are feeling pretty bearish about steel and therefore about coal. It could be a while before this spikes back up. | 2010-05-10 | ||
| Comment | PetroBakken Energy | PBN-T | 26.810 | Currently suffering because oil has come down. Expect they will be back in the market raising money to cover their enormous potential CapX needs. This could be a damper on the stock. If oil goes back about $80, the stock will take off for sure. | 2010-05-10 | ||
| Comment | Teva Pharmaceutical | TEVA-Q | 59.180 | Generic drugs are going to thrive. Cost of drugs is killing global governments that pay for them. The solution is generics that typically cost a fraction. He is wary of the entire pharmaceutical industry. | 2010-05-10 | ||
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| DON'T BUY | Uranium One Inc. | UUU-T | 2.420 | Just reported earnings, which didn't look good. Uranium is a long story, not a short story. There will be a lot of nuclear reactors built but slowly. Takes a long time to design, build and commission a reactor. Prefers Cameco (CCO-T), which is a hold for 5-10 years. | 2010-05-10 | ||
| BUY | Thompson Creek Metals | TCM-T | 11.520 | One of the world's largest producers of molybdenum. For stainless steel and an alloy for specialty steels. Really a question of the world economy. Earnings were a little weak last quarter. He would buy up to $18. | 2010-05-10 | ||
| BUY | AGF Management (B) | AGF.B-T | 16.670 | Money management sector has been lacklustre because people were not buying mutual funds after the market crash in 2008. An enormous amount of money is in money market funds and bond funds earning little because people are still nervous. Eventually that money is going to move back into stocks. Companies like this will resume their growth pattern. | 2010-05-10 | ||
| BUY | FedEx | FDX-N | 87.720 | FedEx (FEX-N) and United Parcel Service (UPS-N) are both viewed as barometers for the general economy. He prefers FedEx of the two. Gross margins and expense ratios indicate they are better run company. | 2010-05-10 | ||
| WEAK BUY | United Parcel Services | UPS-N | 67.480 | FedEx (FEX-N) and United Parcel Service (UPS-N) are both viewed as barometers for the general economy. He prefers FedEx of the two. Gross margins and expense ratios indicate they are better run company. | 2010-05-10 | ||
| DON'T BUY | Thomson Reuters Corp | TRI-T | 38.550 | Stock has been a huge disappointment to investors. It's always a company that is going to make a bunch of money tomorrow but never seems to. Tremendous resources. 3% dividend. | 2010-05-10 | ||
| DON'T BUY | Athabaska Oil Sands Corp | ATH-T | 11.990 | (Market Called Minute.) IPO that was more sold them bought. Would prefer one of the established players instead. | 2010-05-10 | ||
| BUY | Ford Motor | F-N | 12.150 | (Market Called Minute.) Of all the car companies globally, this one is looking more and more like the smart one. | 2010-05-10 | ||
| STRONG BUY | Potash Corp of Saskatchewan | POT-T | 106.270 | (Market Called Minute.) Thinks it has been oversold. A next year’s story on the price of fertilizers. | 2010-05-10 | ||
| DON'T BUY | Bell Aliant | BA.UN-T | 25.640 | (Market Called Minute.) Strictly a no-growth legacy story. There is also no potential for increasing of income. | 2010-05-10 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 27.100 | Costs of production in the Cigar Lake mine keep going up. Difficult geology and a lot of water problems. Long-term story. There will be a lot more nuclear power plants built globally but they take a long time to build. | 2010-04-08 | ||
| BUY | Morguard Corporation | MRC-T | 43.590 | Real estate holding company. Assets should be worth $70-$80 a share. Very illiquid. Feels the company should be taken private. Closely controlled by its inside shareholders group. | 2010-04-08 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | US stocks. Because of currency exchange he has been zero-weighted in US stocks. Now that the Cdn $ is at parity, the risk is much more reduced but the economic risks might be high. Expects Cdn$ to go through $1.05, maybe as high as $1.10. | 2010-04-08 | ||
| DON'T BUY | Ford Motor | F-N | 12.630 | American car industry has come back faster and stronger than what people expected. This company has a pretty good line-up, including electric/hybrid vehicles. Not a bad investment but the stock has gone up a whole lot and is no longer cheap. | 2010-04-08 | ||
| Comment | Barrick Gold | ABX-T | 41.100 | Has been stuck in the $40 range for a long time. Hedges are now all gone. If gold goes up again, this company is positioned to benefit and the stock could make some serious progress to over $50. | 2010-04-08 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Agriculture. Has been under investment by farmers globally because commodity prices have fallen so much. World grain supplies are low and you have to look forward, not back. (See Top Picks.) | 2010-04-08 | ||
| Comment | Teck Resources Ltd. (B) | TCK.B-T | 45.220 | Coal prices have come back very strong because of Chinese demand. Zinc prices seem to be coming back. A lot of the gains have been made on the stock but he could see the stock running up to $50-$60 if coal prices remain firm. | 2010-04-08 | ||
| BUY | Emera Inc | EMA-T | 24.510 | Buy primarily for yield, not growth. He holds as dividends tends to go up. | 2010-04-08 | ||
| DON'T BUY | Jazz Air Income Fund | JAZ.UN-T | 4.710 | Airline industry has a history of poor results and he is not a fan. Very difficult environment. Pay out will go down when they convert to a corporation. | 2010-04-08 | ||
| WAIT | Shaw Communication (B) | SJR.B-T | 19.670 | Reporting tomorrow and his rule is to never Buy before earnings are announced. New entrants in the wireless field have not had much traction, which bodes well for this company. (See Top Picks.) | 2010-04-08 | ||
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| DON'T BUY | Research In Motion | RIM-T | 69.800 | Terrific quarter on earnings but revenue was less than expected. Real question is if they can keep up, from a technological standpoint, with all the competitors in the smart phone space. | 2010-04-08 | ||
| TOP PICK | Potash Corp of Saskatchewan | POT-T | 114.900 | Has come off 15% from the start of the year. Good time for people who don't own an agriculture stock. Has been an under investment by farmers as commodity prices fell. Demand is rising again and he is expecting a very strong 2011. | 2010-04-08 | ||
| TOP PICK | Inmet Mining | IMN-T | 59.600 | Recently had 2 really good events. Sovereign Wealth Fund invested $500 million that will fund the production start on their Panama mine, one of the best copper prospects globally. Also their mine in Spain is scaling up to full production. | 2010-04-08 | ||
| TOP PICK | Rogers Communcations (B) | RCI.B-T | 33.810 | Looks cheaper than Telus (T-T), BCE (BCE-T) and Shaw (SJR.B-T). Feels this is the best in class. Almost 4% dividend. | 2010-04-08 | ||
| PAST TOP PICK | Telus Corp | T-T | 38.040 | (A Top Pick Apr 14/09. Up 33.81%.) Still a Buy. | 2010-04-08 | ||
| PAST TOP PICK | Methanex Corp | MX-T | 25.080 | (A Top Pick Apr 14/09. Up 128.1%.) Still a Buy. | 2010-04-08 | ||
| PAST TOP PICK | Shoppers Drug Mart Corp | SC-T | 38.920 | (A Top Pick Apr 14/09. Down 7.67%.) Reduced his holdings. | 2010-04-08 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian economy is doing better than US. Manufacturing stats were better. Traditionally we have lagged behind the US with lower productivity. Strength of Canadian dollar has allowed companies to buy abroad cheaper. There are signs of stability in the labour force. US housing starts are down. | 2010-03-16 | ||
| DON'T BUY | Research In Motion | RIM-T | 76.180 | Concerned with competition. Google nexus phone is going to be available in Canada next week. There are just as good Email and better browsing with competitors. It’s fully priced. | 2010-03-16 | ||
| WAIT | Canadian National R.R. | CNR-T | 58.850 | It’s a question of how long you are investing. Bullish on railways but it may not be this year. Prefers CP. Could tread water for 3-6 months. | 2010-03-16 | ||
| DON'T BUY | Microsoft | MSFT-Q | 29.370 | Would see Canadian dollar at US$1.05 yet. Cloud computing is a huge threat to Microsoft. | 2010-03-16 | ||
| BUY | BCE Inc. | BCE-T | 30.880 | A believer in BCE. It’s a cash flow machine. Dividend will continue to rise. | 2010-03-16 | ||
| DON'T BUY | Toronto Dominion | TD-T | 75.010 | Canadian banks tend to split above 70 or $80. Concerned that when they repatriate their international earnings, the exchange rate will cause them to realize less. It is fully priced. | 2010-03-16 | ||
| BUY | Bank of Nova Scotia | BNS-T | 50.200 | His favourite bank. Well managed, 19% return on equity. Likes what they are doing internationally. Dividend should rise at the end of 2010. | 2010-03-16 | ||
| PAST TOP PICK | Talisman Energy | TLM-T | 18.570 | (Top Pick Mar 12/09, Up 43%) Likes its blend of assets. | 2010-03-16 | ||
| PAST TOP PICK | Onex Corp | OCX-T | 28.300 | (Top Pick Mar 12/09, Up 88%) One of the biggest employers in Canada. No one knows how to value it. It’s driven by events. | 2010-03-16 | ||
| SELL | Thomson Reuters Corp | TRI-T | 37.470 | Tremendous disappointment for at least a decade. It’s always tomorrow’s stock. You get a dividend and promises. Never believed the story. | 2010-03-16 | ||
| TOP PICK | Manulife Financial | MFC-T | 20.620 | A contrarian pick because so many people where so badly hurt when dividend was cut and then by a share issue. On of the largest life insurance companies in the world. Thinks reserves will turn out to be too high and dividend will rise. | 2010-03-16 | ||
| TOP PICK | Telus Corp | T-T | 35.700 | It is a yield story for him, no longer growth. Dividend is sustainable. Well entrenched to fend off competitors. | 2010-03-16 | ||
| PAST TOP PICK | Telus Corp | T-T | 35.700 | (Top Pick Mar 12/09, Up 13%+dividend) People were concerned when new entrants came into market. He thought it was over done at the time. | 2010-03-16 | ||
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| WAIT | Norbord Inc. | NBD-T | 16.540 | Everyone’s darling. Huge dividend. Mediocre for 2010 and 2011 because of unsold new houses in US. | 2010-03-16 |
