| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: One would have thought it would be going up in this environment. He thinks the US$ will still go down. Longer term, gold is a great place to be. | 2008-07-31 | |
| BUY | | Agrium | AGU-T | 89.980 | Fertilizer complex is still one of the areas where earnings are very strong. Potash (POT-T) just reported excellent earnings with nitrogen being the strongest area. Agrium is primarily a nitrogen producer. He expects them to beat earnings substantially. It will at least go back to its old high. | 2008-07-31 | |
| BUY | | Bombardier Inc (B) | BBD.B-T | 7.340 | Had a great quarter last quarter. The real engine for margins and volume is the private jet business. Surprisingly, demand is increasing. They are not going to North America, but to wealthy countries. | 2008-07-31 | |
| SELL | | TorstarCorp (B) | TS.B-T | 11.780 | Medium business in general is a very tough business. Getting eroded by the Internet and other forms of media. Doesn't like anything in this space. Dividend yield of 6.25%. | 2008-07-31 | |
| DON'T BUY | | Mastercard Inc. | MA-N | 244.150 | A darling of Wall Street since it became public. Their business did well when the economy was accelerating, Consumer is now under a lot of pressure and we are in the early innings on this consumers’ recession. Expect they will continue to miss numbers for quite a few quarters. | 2008-07-31 | |
| DON'T BUY | | Research In Motion | RIM-T | 125.840 | Missed last quarter and he sold his holdings. In his methodology, if they miss once, chances are they will miss again. Have a huge headwind. New iPhone is very popular. Also thinks they're really massive layoffs on Wall Street, banks, etc. | 2008-07-31 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Refineries: This is an area that could have the greatest leverage going forward. Crack spreads are about as low as they have ever been due to high oil prices. Now that oil has dropped, the margins will start to move back out. Valero Energy (VLO-N) would be his choice. | 2008-07-31 | |
| Comment | | Encana Corp | ECA-T | 73.900 | Every energy group has declined basically 20% to 40%. Trading at about the cheapest multiples that you will see per their underlying cash flow. He is not long or short these right now. When oil prices settle and start to build strength, then you'll want to be back in these names again. | 2008-07-31 | |
| Comment | | Hudbay Minerals Inc. | HBM-T | 9.890 | Has always been a suspected takeover target. Stock is very cheap and the company generates tons of cash flow. Doesn't expect nickel will be going up in the short run. | 2008-07-31 | |
| TOP PICK | | Babcock & Brown Air Limited | FLY-N | 12.710 | (3 Top Picks are all yield stocks. Market is so beaten up stocks are very cheap.) Global leaser of airplanes. Its finances have not deteriorated at all. 16% yield. (Good pairs trade with Canadian Oil Sands (COS.UN-T)). | 2008-07-31 | |
| TOP PICK | | Canadian Oil Sands Trust | COS.UN-T | 51.440 | (3 Top Picks are all yield stocks. Market is so beaten up stocks are very cheap.) Recent earnings where good. Increased dividend from $1 to $1.25. Yield of about 10%. (Good pairs trade with Babcock & Brown (FLY-N)). | 2008-07-31 | |
| TOP PICK | | Fannie Mae (Pref-S) | FNM.PR.S-N | 16.790 | (3 Top Picks are all yield stocks. Market is so beaten up stocks are very cheap.) The government will not let the preferred stocks default. 8.25% yield and trade at $.67 on the $1.00 giving a net yield of 12%. | 2008-07-31 | |
| Comment | | Timminco Ltd. | TIM-T | 28.500 | For all practical purposes, he feels their process is real and their earnings are accelerating. He just sold his stock because it has reached its old high. When it goes down again, it can be repurchased. | 2008-05-16 | |
| BUY | | Potash Corp of Saskatchewan | POT-T | 207.290 | Very bullish the whole agricultural complex because of rising demand from India, China and other parts of the world. Actual supply of grains stored all over the world is at the lowest it’s ever been. Has had a nice correction. | 2008-05-16 | |
| HOLD | | Talisman Energy | TLM-T | 23.940 | Has never understood why this name always falls between the cracks. Maybe it’s because globally people just don’t know the name. Very cheap. Longer term you’re going to do fine. He is very bullish on oil. May be ahead of itself right now. He is waiting for a pullback of maybe 5%-10%. | 2008-05-16 | |
| BUY | | Petrobank Energy and Resources | PBG-T | 55.460 | One of the few who stocks that hasn’t taken out its old high. Numbers are accelerating in this name like everything else. Loves the name. | 2008-05-16 | |
| BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Although gold has been going down, he expects it to be going a lot higher. The macro commodity trade is still on, seasonally this is a time when gold does poorly. Almost all stocks are down. This is a great time to be buying. Sitting almost right on its 200-day moving average and getting ready to go higher. When they move, they will move very quickly. | 2008-05-16 | |
| BUY | | Grande Cache Coal Corp. | GCE-T | 6.910 | Coal tends to rise with energy prices. Metallurgical coal is going up because steel prices have been skyrocketing. | 2008-05-16 | |
| DON'T BUY | | Norbord Inc. | NBD-T | 6.330 | Not very bullish on the whole forest products industry. There is way too much supply in the world. Demand has been flat to declining. | 2008-05-16 | |
| TOP PICK | | HBP Global Gold Bull E.T.F. | HGU-T | 24.740 | Gold stocks tend to trade more on the commodity and less on earnings. Right now the commodity is at the bottom end of its channel. You might as well buy an index; you don’t need to buy a name. On this one you get 2 times what the large-cap gold stocks do. If they go up 10%, you make 20%. | 2008-05-16 | |
| TOP PICK | | Agrium | AGU-T | 89.560 | A whole bunch of urea plants were knocked out of service because of the earthquake in China. Food is very, very tight in the world. He expects urea prices to accelerate. | 2008-05-16 | |
| TOP SHORT | | Loblaws | L-T | 33.340 | A lot of the consumer names have recently rallied. He still sees the numbers going down in almost all the financials and all the consumer stocks. The numbers just keep getting worse for this company. Also, when input prices start going up, they are going to skyrocket and that will squeeze the margins. (The average investor should not use shorts.) | 2008-05-16 | |
| DON'T BUY | | Cameco Corporation | CCO-T | 41.590 | Uranium prices have been coming down for the last year in spite of the stronger oil prices. At some time this will be a great buy but he doesn’t know when this is going to happen. | 2008-05-16 | |
| BUY | | Oilexco Inc | OIL-T | 14.850 | Stock market is pricing oil companies as if oil is $60. So they are all cheap. Likes this company's prospects going forward. | 2008-03-11 | |
| BUY | | Canadian Natural Rsrcs | CNQ-T | 73.820 | Stock market is pricing oil companies as if oil is $60. So they are all cheap. This one is both gas and oil. Gas has finally recovered in the last few months. | 2008-03-11 | |
| BUY | | Petro-Can | PCA-T | 47.050 | Although they had good earnings, they came in below expectations. This is one of the reasons the stock has not been doing well. Multiples are very, very cheap because people don't believe the price of oil/gas should be where it is right now. Won't move as much as the others, but it is just fine. | 2008-03-11 | |
| DON'T BUY | | AbitibiBowater Inc. | ABH-T | 8.020 | He has been short this stock on and off since he started his fund. Although he is not short at this moment, it is still in the short camp. Earnings continue to go down because newsprint demand is going down. The slowing economy further accelerates its decline. Strong Cdn$ increases their cost structure. | 2008-03-11 | |
| TOP PICK | | BCE Inc. | BCE-T | 38.650 | The #1 risk/reward stock out there right now. As far as he knows, the deal is still on. Taking the stock today to where the deal will close it is about 100% return. Bondholders don't have a claim. Trading down because of fear on the street. | 2008-03-11 | |
| TOP PICK | | Labrador Iron Ore | LIF.UN-T | 53.150 | Low risk. Iron ore prices are skyrocketing. Yields 10% and probably higher because iron ore prices are going up. Chances are good that it will get taken out. | 2008-03-11 | |
| TOP PICK | | Alcoa | AA-N | 37.760 | Of all the base metals, aluminum is the only one that is hitting new highs. This company is the only way to play it. | 2008-03-11 | |
| BUY | | Royal Bank | RY-T | 47.060 | This bank has produced the best earnings. A simple comment on all Canadian banks, this is a huge buying opportunity for any long-term view. Simple rule of thumb: any time Canadian banks have gone down 20%, it's always paid to buy them. It will be basically flat money for a while. | 2008-03-11 | |
| DON'T BUY | | UTS Energy | UTS-T | 5.350 | Oil sands. He doesn't like any of these things right now. In spite of higher commodity prices, these stocks are not producing higher earnings because of higher expenses. If they are disappointing at $90 a barrel, what are they going to do at $60? Not crazy about any energy companies at the moment. | 2007-11-28 | |
| Comment | | Telus Corp | T-T | 48.910 | Not seeing great acceleration or the acceleration in earnings so it is not on his radar screen. | 2007-11-28 | |
| BUY | | Royal Bank | RY-T | 52.930 | Not long or short any banks right now. When you look at earnings yield (EP) on Canadian banks relative to interest rates or you look at the dividend yield relative to interest rates they are as cheap as they have been in 30 years. This is a clear barometer as to how cheap the market is right now. If he were a value investor, he would be backing up the trucks right now. | 2007-11-28 | |
| BUY | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 33.760 | He is shortening energy, but one of his favourite trusts is this one. Coal prices are actually rising quite dramatically right now because of demand from China. This one gives you an incredible yield. | 2007-11-28 | |
| TOP PICK | | Labrador Iron Ore | LIF.UN-T | 39.800 | It is expected that iron ore prices could rise 50% over the next year. There are also a lot of rumours that it is a takeover target. 11% yield. | 2007-11-28 | |
| BUY | | Canaccord Capital Inc | CCI-T | 15.500 | 3.3% yield. He has stayed away from this because he thinks there are easier names right now. It is probably a great stock to own right now. Has been beaten up with all the other financials but it is not a lender so credit is not an issue. | 2007-11-28 | |
| BUY | | Barrick Gold | ABX-T | 41.420 | Gold is the sector that he is 2nd longest in (Technology is #1) and thinks gold will go a lot higher. US$ is still in trouble. You want to own companies that have production outside of Canada because if the Cdn$ goes up, it's not good for earnings. | 2007-11-28 | |
| BUY | | Pine Tree Capital Ltd. | PNP-T | 5.030 | This company has a lot of interests in different mining companies, one of them being uranium. It should do well if uranium does well. He is very bullish on uranium. | 2007-11-28 | |
| BUY | | Paladin Resources | PDN-T | 5.950 | He is very bullish on uranium. | 2007-11-28 | |
| BUY | | Cameco Corporation | CCO-T | 40.650 | Funnily looks like they are getting their act together. Starting to see some positive earnings momentum as some of the long-term contracts are falling off. He is very bullish on uranium. | 2007-11-28 | |
| TOP PICK | | Research In Motion | RIM-T | 119.760 | Earnings are skyrocketing. Apple (AAPL-Q) has set the bar for what a cell phone is going to be and he feels that 70% of the population will get rid of their existing phones in the next year or two. | 2007-11-28 | |
| TOP PICK | | Olin Corp. | OLN-N | 19.900 | Chemical company. The stock is down 20% this month. The numbers are on fire in this business. They export globally. 4% dividend yield. | 2007-11-28 | |
| DON'T BUY | | Canadian National R.R. | CNR-T | 48.140 | Earnings for the railroads have been going down. This is partially due to the stronger Cdn$, which has weakened exports. Also, the North American economy has been slowing. | 2007-11-28 | |
| BUY | | Manulife Financial | MFC-T | 41.200 | Lifecos in the US have gone way up as the banks have gone way down. Lifecos are great stocks to own if you are a value, long-term investor. The stock is cheap and has a good dividend yield. Think they will do much better than the banks in the next year or two. | 2007-11-28 | |
| BUY | | Teck Cominco Ltd. (B) | TCK.B-T | 46.640 | Got long Immediately on fed decision. Think dollar will continue to go down. Commodities prices go up. Tech will continue to go up. | 2007-09-19 | |
| DON'T BUY | | Suncor Energy Inc | SU-T | 96.530 | Sold all Canadian oils today. In theory should fall 8% if bill gets passed. People will stay away for the time being. | 2007-09-19 | |
| HOLD | | Research In Motion | RIM-T | 93.210 | Long right now. RIM, Apple, Nokia will all go a lot higher. Phones will all be turning over like crazy. High phone sales. | 2007-09-19 | |
| VAGUE | | Connacher Oil and Gas | CLL-T | 4.000 | no comments. | 2007-09-19 | |
| WEAK BUY | | Petro-Can | PCA-T | 57.800 | Oil stocks are cheap relative to price of oil. Could go through $100. Should have ownership in this sector. Long term hold | 2007-09-19 | |
| HOLD | | Uranium One Inc. | UUU-T | 12.400 | No ownership of Uranium right now. Got out during rollover. Stocks are very washed out. Very bullish on Uranium. India and China are adopting nuclear energy. Sit on them. Waiting for positive momentum to pick up. | 2007-09-19 | |
| WEAK BUY | | Quadra Mining Ltd | QUA-T | 17.050 | Long in stock. Main play is copper. Base metal companies generally trade at low PE multiples. Great stock. Trading cheap because people don’t think price will stay. | 2007-09-19 | |
| HOLD | | Laramide Resources Ltd. | LAM-T | 6.980 | Uranium producer. Keep for long term, you’ll do fine. Uranium stocks are oversold. | 2007-09-19 | |
| TOP PICK | | Fairfax Financial | FFH-T | 257.000 | Best way to play meltdown in credit derivatives. Earnings are going up. | 2007-09-19 | |
| TOP PICK | | Canaccord Capital Inc | CCI-T | 18.330 | Broker dealers have been hammered. Stock shouldn’t be down. Beat earnings last quarter by 25%, huge surprise. Trades at 2 times book value. | 2007-09-19 | |
| TOP SHORT | | PMC Sierra Inc | PMCS-Q | 8.080 | Produce chips, had very poor earnings revision, down 15% over last 60 days. Trades at 46 times earnings. | 2007-09-19 | |
| BUY | | Talisman Energy | TLM-T | 18.770 | “Like the poor stepchild.” cheapest oil company in the world. Trades at 3.8 times cash flow, very cheap. Huge production growth plan for next year. Screaming buy right now. | 2007-09-19 | |
| VAGUE | | BCE Inc. | BCE-T | 40.600 | Not long or short right now. Yield in very high. Credit concerns are all overblown. There are better ways to make money. | 2007-09-19 | |
| BUY | | Absolute Software Corp. | ABT-T | 27.650 | Earnings are accelerating and last quarter they beat earnings. Analysts have raised future estimates. The company is in a sweet spot. | 2007-08-28 | |
| SELL | | Flextronic International | FLEX-Q | 10.800 | The business has way too much capacity. Earnings have been going down rather than up. Doesn't like any of the tech builders such as this one and Celestica (CLS-T) | 2007-08-28 | |
| SHORT | | Celestica Inc | CLS-T | 5.740 | Has been Short this one for a long time. Doesn't like any of the tech builders such as this one and Flextronic (FLEX-Q). | 2007-08-28 | |
| TOP PICK | | Fairfax Financial | FFH-T | 213.020 | Probably the best public instrument to play the widening of bond spreads. They believed spreads were way too narrow for a lot of the corporate debt issues and they would widen massively. They were correct. Earnings are good and it is cheap. | 2007-08-28 | |
| TOP PICK | | HBP Global Gold Bull E.T.F. | HGU-T | 17.770 | Gold stocks are hitting his model right now. This is also the season to own them. With this one, you get 2 times the move. If gold stocks go up 15%, you make 30%. | 2007-08-28 | |
| TOP SHORT | | Canfor Corp | CFP-T | 11.970 | Has been Short this one for ever. Forest product pricing continues to decline and obviously with the US economy rolling over, demand for their product is declining. Higher Cdn$ makes it even tougher. | 2007-08-28 | |
| DON'T BUY | | Paramount Resources | POU-T | 17.350 | Natural gas prices are very depressed because storage is very high due to 2 warm winters. Unless there is a super, super cold winter, gas is going to stay low. | 2007-08-28 | |
| BUY | | Russel Metals | RUS-T | 28.650 | The last steel company in Canada that could be acquired. Very high dividend yield. Earnings are going up. Very strong possibility they could be taken out. | 2007-08-28 | |
| BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: - He is not Long or Short any Canadian banks. Has seen earnings decelerate. The collapse of the banks has nothing to do with earnings but with the fear of a credit crunch. He doesn't see this in the Canadian banks. They are trading at one | 2007-08-28 | |
| DON'T BUY | | Barrick Gold | ABX-T | 32.840 | The biggest gold producer in the world. He is very bullish on gold. They have had the best-run year to date of any of the golds. A lot of this has already been priced in and he would go further down the chain. | 2007-08-28 | |
| Comment | | Breakwater Resources | BWR-T | 2.560 | Zinc producer. Base metals are problematic right now. He is not Long or Short any base metals. Inventories have been rising marginally and prices have been falling. Not sure how much hedge fund money is in base metals. | 2007-08-28 | |
| BUY | | Eldorado Gold | ELD-T | 6.570 | Like them, because earnings are accelerating, and all the gold stocks are down now, when everything else is up. | 2007-05-03 | |
| Comment | | Teck Cominco Ltd. (B) | TCK.B-T | 44.360 | It's building up cash like crazy, and it's either going to pay out a big special dividend, or it's going to start buying things. Will probably start buying things. | 2007-05-03 | |
| SELL | | TSX Group | X-T | 41.770 | Stock missed earnings, when a stock misses earnings, it will tend to do it multiple times. | 2007-05-03 | |
| HOLD | | Precision Drilling Corp. | PD.UN-T | 27.290 | In the US they have not backed off drilling, while in Canada they have. | 2007-05-03 | |
| HOLD | | UTS Energy | UTS-T | 5.480 | Thinks oil sands are all going to be bought out. | 2007-05-03 | |
| SELL | | Methanex Corp | MX-T | 28.530 | Expected earnings are down, even though they've had good earnings. (bad last quarter though). | 2007-05-03 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Looks at the rate of earnings per change. Paraphrasing his example. Used the example of RIM. If it was expected to sell 500 thousand, but they actually sold 700 thousand, then the stock price goes up because first they sold more units so there is more value in the company, and second the expected amount was lower then the actual, so the stock price will be adjusted upwards. Then if the next quarter they sell 1 million units but were expect to sell 700 thousand, the same thing happens again, but amplified. The opposite happens when a stock decelerates, in which case you would want to short the stock, because it will head down faster and faster. | 2007-05-03 | |
| Comment | | Uranium Participation Corp. | U-T | 15.760 | Thinks Uranium in general is going to go a lot higher. Go Long. Would rather be in the big stocks. | 2007-05-03 | |
| BUY | | Uranium One Inc. | UUU-T | 16.810 | Thinks Uranium in general is going to go a lot higher. Go Long. | 2007-05-03 | |
| BUY | | Pall Corp. | PLL-N | 42.010 | Thinks Uranium in general is going to go a lot higher. Go Long. | 2007-05-03 | |
| SELL | | BCE Inc. | BCE-T | 37.400 | Not a good business because phone lines are declining due to voice over internet. | 2007-05-03 | |
| STRONG BUY | | Uranium One Inc. | UUU-T | 16.810 | One of their top buy positions. Will be one of the biggest producers in the world.Great entry point. | 2007-05-03 | |
| STRONG BUY | | Petro-Can | PCA-T | 51.570 | Has been missing earnings. Last quarter they beat earnings, so they bought. All the other oil companies have been trading high. Petro Canada was the exception. Now they've beat the earnings, and he expects them to beat earnings multiple times. | 2007-05-03 | |
| SHORT | | Celestica Inc. | CLS-N | 7.030 | Classic short. Forget the long term. Too much supply, disappointing earnings. | 2007-05-03 | |
| TOP PICK | | Rogers Communcations (B) | RCI.B-T | 43.950 | quadruple play in cable companies. Everybody's cable bill keeps going up every year. Most people get their Internet through cable, (another monopoly).Voice over IP, which people don't have yet but is coming. | 2007-05-03 | |
| TOP PICK | | Laramide Resources Ltd. | LAM-T | 13.800 | big producer uranium. New into the Australia market which is virgin, due to government regulations, relaxing. | 2007-05-03 | |
| TOP PICK | | Sherrit | S-T | 15.480 | Very strong nickel company. Suggests buying it through Dynitek because Sherritt just bough Dynitek. Buy Dynitek and you will get Sherritt papers. | 2007-05-03 | |
Rss Top Picks Feed
