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| Don Lato of Goodreid Investment Counsel |
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| TOP PICK | Apple | AAPL-Q | 455.120 | Blockbuster earnings. Appreciated after earnings but not to the extent that the earnings were a surprise. Their domination is not being threatened and they have lots of room for growth. | 2012-02-02 | ||
| WEAK BUY | Cisco | CSCO-Q | 19.800 | Short term still going to be plagued with fact that lots of customers are government. Europe earnings slowdown expected. Doesn’t know if there is that much growth to justify a big commitment. Multiple is very attractive here. Would prefer other stocks with a higher multiple but lots more growth ahead of them. | 2012-02-02 | ||
| BUY | Inter Pipeline Fund | IPL.UN-T | 18.430 | A solid holding. He has held it for years. Distribution has grown steadily but price has kept up so yield is down to about 5%. Wouldn’t expect a lot of appreciation but you will see dividend increases as the pipeline comes on stream. Always a hope of merger or acquisition. It is widely held. | 2012-02-02 | ||
| TOP PICK | Paccar Inc | PCAR-Q | 43.240 | Largest manufacturer of transport trucks – the Peterbuilt name. 197,000 trucks last year and 225,000 this year. 12-13sx earnings. $7 of cash. | 2012-02-02 | ||
| DON'T BUY | Pfizer Inc | PFE-N | 21.110 | Dividend is safe, growth prospects of many of the large Parma are very muted. | 2012-02-02 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 17.170 | (Top Pick Feb 22/11, Down 74.94%) sticking with it. Likes changes they made. It is a bet on QNX. | 2012-02-02 | ||
| BUY | Shoppers Drug Mart Corp | SC-T | 40.200 | Ended year well, one of the better performing stocks on the TSX. Pulled back on news of target’s announcement of expanding into Canada with pharmacies in their stores. Looking at 13-14% earnings growth. Take advantage of dip. | 2012-02-02 | ||
| DON'T BUY | Sirius Satellite Radio | SIRI-Q | 2.120 | Not going to be a barn burner. People have their play lists on their iPod and so on. | 2012-02-02 | ||
| BUY | Suncor Energy Inc | SU-T | 34.250 | Trades with price of oil but is off high’s. Still well off its highs of a couple of years ago. Owns for some of the portfolios. | 2012-02-02 | ||
| BUY | Toronto Dominion | TD-T | 77.750 | Canadian Banks: Outlook is mildly positive. Scotia did an equity issue slightly below the market. All about 10x earnings yields between 3.75 and 5%. He always comes back to TD. They don’t get themselves involved in any issues. | 2012-02-02 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Helicopter Ben is up to his tricks; saying inflation is not a threat. All this money going into the system is bound to come out into the economy. Need more confidence in the global expansion. For now we can look for low rates through the end of ’13. If US doesn’t fix debt, investors will lose confidence. You are looking to the end of the election year and if there is a change they will give him at least a year more. Market will be okay for the next few months. He thinks any surprise will be on the upside. A pullback here would not be a surprise, though. | 2012-02-02 | ||
| BUY | New Flyer Industries Inc. | NFI.UN-T | 65.700 | Actually a better performer on the TSX this year. Distribution is very secure. There is going to be a change to the dividend but will go down in August when they convert to a corporate structure (dividend and div tax credit). Strong backlog, although shrinking a little bit. Steady production until the end of the year. | 2012-02-02 | ||
| BUY | Tim Hortons | THI-T | 48.820 | Little bit of pullback off highs. Good solid company. Not a table-pounding buy. Growth should continue over next couple of years. He would be interested at these levels or lower. | 2012-02-02 | ||
| BUY | Visa Inc. | V-N | 106.060 | Owned Mastercard and then sold a year and a half ago to buy Visa but would buy both that these levels. Still looking at 20%+ growth. | 2012-02-02 | ||
| TOP PICK | Tourmaline Oil Corp | TOU-T | 25.020 | (Top pick Feb 22/11, Up 1.17%) Went public in 2009 and did everything right. Costs of production are about $0.50. Tremendous ability to stay in the game and weather the storm. We are going to see gas prices rebound somewhere down the road. Doubled production over last year and looks to be doubling over next 3 to 4 years and yet price is up only 15-20% from IPO. Someone might take a run at them and take advantage of the low prices. | 2012-02-02 | ||
| PAST TOP PICK | 99 Cents Only | NDN-N (Dead) | 22.010 | (Top Pick Feb 22/11, Up 30.78%) Got taken out by a private equity firm. | 2012-02-02 | ||
| Comment | Barrick Gold | ABX-T | 51.180 | One of only 2 gold stocks that he owns. There is a very good argument that mining stocks will catch up to the gold. | 2011-11-02 | ||
| TOP PICK | Chemtrade Logisitics Inc. | CHE.UN-T | 13.160 | Industrial chemicals, mainly sulphuric acid and its by-products. Have grown about 14% a year. Yield of about 9%. 60%-70% payout ratio. | 2011-11-02 | ||
| BUY | Canadian National R.R. | CNR-T | 79.020 | Recently switched to Canadian Pacific (CP-T) because of valuation but both valuations are probably in line right now. If you are going to buy one now, it would probably be Canadian Pacific. Both rails are well priced and wouldn't hesitate to buy either. | 2011-11-02 | ||
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| DON'T BUY | Encana Corp | ECA-T | 21.050 | Sold his holdings in this company. It's a fairly benign natural gas market in this company is pretty well 100% natural gas. Doesn't see a lot of production growth in the next couple of years. | 2011-11-02 | ||
| BUY | Finning Int | FTT-T | 23.510 | Looks very interesting. Sees the market for heavy equipment continuing to be very strong globally and in Canada. Reasonably priced. | 2011-11-02 | ||
| DON'T BUY | Eli Lilly & Co. | LLY-N | 37.480 | This one is going nowhere fast. Declining earnings. Just had a big drug, Prexus, come off patent, which accounted for 11% of their sales. No new block busters on the horizon. Earnings consensus going from $4.30 to $3.60 next year. | 2011-11-02 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 19.180 | (A Top Pick Oct 14/10. Down 60.26%.) Waiting for QNix, their new phone that is coming out in the new year. | 2011-11-02 | ||
| HOLD | Thomson Reuters Corp | TRI-T | 29.300 | 2 major divisions. Financial markets and the professional division. Focus recently has been on the markets area and has been trading like a financial. There are some growth issues on this side of it over the next year. Great yield of almost 4%. Trading at its lowest multiple in probably 10 years. | 2011-11-02 | ||
| Comment | Trans Canada Corp | TRP-T | 41.860 | Have a lot of issues in front of them, Keystone being one of a few. PE is 18X this year’s earnings and 16X next year’s. Little chance for a dividend increase given the outlays they have to make over the next several years. Great yield but if you are holding it for growth, he doesn't see the growth. | 2011-11-02 | ||
| TOP PICK | Cineplex Inc | CGX-T | 25.870 | Not ultra cheap but looking for a good 4th quarter. Movie releases this year look stronger than last year's. | 2011-11-02 | ||
| PAST TOP PICK | GOOG-Q | 584.820 | (A Top Pick Oct 14/10. Up 7.24%.) | 2011-11-02 | |||
| TOP PICK | DuPont | DD-N | 47.830 | 24% of revenue and 31% of EBITDA last year was from the agricultural side. Yield of 3%. 7% free cash flow yield. Still room for them to increase the yield. | 2011-11-02 | ||
| BUY | New Flyer Industries Inc. | NFI.UN-T | 62.200 | Bus manufacturer. Given that yield and given the comfort you have on that yield being paid it is worth continuing to hold. The industry is having issues with funding for their customers, generally municipalities. Still has a healthy 3 year backlog. Will be cutting the dividend to $.62 next July. | 2011-11-02 | ||
| Comment | Western Union Co. | WU-N | 17.300 | Hadn't looked at this one in detail before but on the surface, it looks very, very interesting. Trading at its lowest multiple since it was spun out 5 years ago at 11X this year's and10X next year's. | 2011-11-02 | ||
| PAST TOP PICK | Bucyrus International Inc. | BUCY-Q (Dead) | 92.000 | (A Top Pick Oct 14/10. Up 24.24%.) Taken over by Caterpillar (CAT-N). | 2011-11-02 | ||
| BUY | Aflac Inc | AFL-N | 33.190 | So much of its business is in Japan and this is the reason for its loss, especially in the insurance business. This is an opportunity to buy a very solid company at 5.5X earnings. Decent dividend yield of 3.5%. | 2011-09-21 | ||
| BUY | Agrium | AGU-T | 79.360 | Because of global economic fears, a lot of the material stocks across the different commodities, have dropped. This company is part of that. He expects good growth from their various divisions. Great entry point. | 2011-09-21 | ||
| Comment | BCE Inc. | BCE-T | 38.040 | This is an “okay” buy. Looking at the Canadian 3 telcos, this one has the highest yield but also has the highest multiple. Prefers Rogers (RCI.B-T) because of better long-term growth. Sacrificing yield now but with the potential of bigger yields down the road. | 2011-09-21 | ||
| PARTIAL BUY | Goldman Sachs | GS-N | 97.860 | Has been hurt badly through the macro issues, the same as the US financials in general. The premier company in the investment banking business. Good time to start nibbling. Trading just a shade over BV. | 2011-09-21 | ||
| BUY | 3M Co. | MMM-N | 76.340 | Trades at a pretty reasonable multiple. Macro issues have brought the price down where it is very attractive. Earning $6 a share plus with the potential to make $10 a share 10 years down the road. | 2011-09-21 | ||
| BUY | Precision Drilling | PD-T | 10.880 | North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one has less risk exposure. | 2011-09-21 | ||
| HOLD | Research In Motion | RIM-T | 21.690 | Reported very disappointing results. With QNX operating system still out there early in the new year and the Blackberry 7 selling very well, there was enough positives to keep him in the stock. | 2011-09-21 | ||
| HOLD | Starbucks | SBUX-Q | 39.900 | Classic case of a great company with growth in a market where there is very little growth. Multiples (27X this year's earnings and 23X next year's) are too high for him. | 2011-09-21 | ||
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| Comment | Exxon Mobil | XOM-N | 71.970 | Going for shale gas in China. This is indicative of what the big companies have to do in order to make any dent in their long-term growth in production rates. Also made a major acquisition in the US as well. He prefers Canadian oil/gas companies. | 2011-09-21 | ||
| BUY | Xerox | XRX-N | 7.490 | Has come down about 30% over the last year but still with growing earnings. Looking at a 14%-15% earnings growth over the next 3-5 years. Trades at 13X earnings. | 2011-09-21 | ||
| PAST TOP PICK | Mastercard Inc. | MA-N | 340.970 | (A Top Pick Sept/10. Up 82.62%.) | 2011-09-21 | ||
| TOP PICK | Visa Inc. | V-N | 91.420 | Historically traded at a premium multiple to MasterCard (MA-N) but now trades at a discount. Still looking for 18%-19% growth in earnings for both of them. Trading at around 16X next year's earnings. | 2011-09-21 | ||
| BUY | Trinidad Drilling Ltd | TDG-T | 6.100 | North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one is a little more highly levered so has been hurt more but has more potential upside when things start moving again. | 2011-09-21 | ||
| TOP PICK | Parex Resources Inc. | PXT-T | 7.490 | Just released some drilling results." End of August results went up from 7000 BOE's a day to almost 9300 BOE's and looking for 14,000 by year-end. Operates in Colombia and Trinidad. Good management and 20 of opportunities for drilling success over the next 18 months or so. | 2011-09-21 | ||
| PAST TOP PICK | Calgon Carbon | CCC-N | 13.870 | (A Top Pick Sept/10. Up 13.65%.) Produces carbon for water purification systems. Have been hurt a little by municipal funding issues and higher coal prices. | 2011-09-21 | ||
| PAST TOP PICK | Canyon Services Group | FRC-T | 11.100 | (A Top Pick Sept/10. Up 112.86%.) Oil field services. Still some good growth ahead of it. Do a lot of water pressure work in the horizontal drilling area, which is growing by leaps and bounds. | 2011-09-21 | ||
| TOP PICK | Tourmaline Oil Corp | TOU-T | 33.620 | Just did it an equity issue for $33, which was well oversubscribed. This was to fund an increase in their exploration budget next year to $565 million. Great opportunities in great land positions. Good management. | 2011-09-21 | ||
| TOP PICK | Apple | AAPL-Q | 383.410 | (A Top Pick Aug 11/10. Up 52.95%.) One of the best quality companies in North America. Growth prospects are looking at 30%-35% in earnings. Trading at 12X earnings and if you strip out the cash, it is less than 10X. Very cheap. | 2011-08-15 | ||
| BUY | Agrium | AGU-T | 82.470 | Had a nice bounce last week but still likes. Business is less cyclical and more diversified than Potash (POT-T). Future is still bright. | 2011-08-15 | ||
| Comment | Bank of Montreal | BMO-T | 59.580 | Likes the Cdn banks, which sold off more than they should have. Has never climbed back to its old highs like it's peers. Very solid dividend. | 2011-08-15 | ||
| BUY | Caterpillar | CAT-N | 91.370 | Got hit hard in the last few weeks with the market sell off. Looking at 15%-20% earnings growth. Now trading at less than 10X next year’s earnings. Doesn't feel the global economy is going to come to a screeching hope so there is plenty of room for them in both the building and mining sides. | 2011-08-15 | ||
| DON'T BUY | Costco Wholesale | COST-Q | 74.080 | Great company and great growth prospects. As a consumer discretionary stock, multiples are too rich for him. Trading at over 20X this year's earnings and 19X next year’s. | 2011-08-15 | ||
| BUY | Walt Disney | DIS-N | 33.650 | Just reported reasonable earnings, but there were problems with future guidance, which caused the stock to sell off dramatically. Reasonable multiple and a much better film outlook for the 2nd half of the year. | 2011-08-15 | ||
| DON'T BUY | Encana Corp | ECA-T | 25.750 | Great company but a pure natural gas play. Natural gas remains in the doldrums and it looks like there is a lot of supply coming onto the market in the next several years. Prefers Tourmaline Oil (TOU-T) and Peyto Exploration (PEY-T). | 2011-08-15 | ||
| WEAK BUY | General Electric | GE-N | 16.390 | Cycle is only starting to expand again for this company. International is a strength for them. Trading at just over 10X earnings with a 3%+ yield. Solid holding. | 2011-08-15 | ||
| BUY | Manulife Financial | MFC-T | 13.730 | Just reported great earnings, quite a bit better than the consensus was looking for. Well-positioned in Canada, US and Asia. Once they get beyond the current market conditions, you'll see the growth of the business lead to much higher multiples. Good value. | 2011-08-15 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 26.590 | (A Top Pick Aug 11/10. Down 57.62%.) Thinks it has no bottomed and has added some shares to some of the aggressive portfolios. Trading at less than 5X earnings. | 2011-08-15 | ||
| Comment | Royal Bank | RY-T | 51.650 | Have had particular issues in their US operations, which has helped weaken stock prices. They've now shed most of that but caused a drag on their Canadian operations side. Not expensive, but he would rather be in other banks. | 2011-08-15 | ||
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| DON'T BUY | Starbucks | SBUX-Q | 38.420 | Always seemed expensive to him. Great growth prospects but a little rich on the multiple side. | 2011-08-15 | ||
| TOP PICK | Toronto Dominion | TD-T | 76.880 | (A Top Pick Aug 11/10. Up 10.13%.) Best managed bank in Canada. Trading down now at just a little over 10X earnings. Almost a 3.5% yield. Great growth prospects in the US. Purchase of the credit card portfolio in the US today was a good move. | 2011-08-15 | ||
| DON'T BUY | Sino-Forest Corp | TRE-T | 6.090 | Doesn't know this one in depth but is aware of the scandals. In this environment there are enough risks that you should stay away from the speculative stocks. | 2011-08-15 | ||
| TOP PICK | GOOG-Q | 557.230 | Had a great earnings report but the stock is down to below where it was before this report. Trading at 12-13 times earnings. Very cheap. | 2011-08-15 | |||
| Comment | New Flyer Industries Inc. | NFI.UN-T | 6.490 | Been squeezed a bit because of lack of funding by municipalities. Still has a tremendous backlog. Profitable on a cash flow basis. Because of margins squeezes they are changing from an income deposit security to a common share. Once that is completed, there should be some strength built back into the stock. | 2011-08-15 | ||
| DON'T BUY | Alcoa | AA-N | 16.490 | Will unofficially kicked off earnings season on Monday. Has been beleaguered over the years by questionable management and poor decisions that didn't help shareholders. Prefers to play the metals area through other companies in Canada. | 2011-07-07 | ||
| STRONG BUY | Canadian Natural Rsrcs | CNQ-T | 41.670 | Good opportunity to get into one of the highest qualities, if not the highest quality oil/gas companies. Really suffered during the 2nd quarter and has lagged the market and the oil/gas index for most of the year beginning with a fire in Horizon in February. Will be up to full production at the end of this quarter. Trades at about 4.5-5 times cash flow. | 2011-07-07 | ||
| Comment | Cisco | CSCO-Q | 15.900 | This company will come back, but not very soon. It's a big ship that has to be turned around. Sold his holdings after the last earnings release. Too many quarters in a row of problems in different segments of the company. | 2011-07-07 | ||
| BUY | Manulife Financial | MFC-T | 17.050 | Good long-term investment. Ran their equity portfolio/fixed income business unhedged for many, many years. New management is moving to a more hedged position so they can generate more money from the business rather than being subject to the vagaries of the market. Asian exposure is becoming a more important part of the business. 3% yield. | 2011-07-07 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 55.470 | Likes this company but prefers Agrium (AGU-T). Fertilizer industry is a good place to be with the emphasis on global expansion and the rise of consumers in developing countries. | 2011-07-07 | ||
| PAST TOP PICK | Research In Motion | RIM-T | 27.870 | (A Top Pick June 23/10. Down 56.84%.) Stock appears to have bottomed out in the last 2 to 3 weeks but there is still work to be done. | 2011-07-07 | ||
| TOP PICK | Toronto Dominion | TD-T | 80.740 | Likes their US exposure. Has become a dominant player in the US in a number of markets they are in. Best managed bank in Canada. Trading at 11X earnings. Yield of about 3.25%. | 2011-07-07 | ||
| HOLD | Thomson Reuters Corp | TRI-T | 35.630 | Stock is down because of a bit of uncertainty in the financial services sector. Legal business is still very strong. | 2011-07-07 | ||
| Comment | Telus Corp | T-T | 54.130 | Has a pretty good yield, but not the highest yield nor the highest upside of the telcos. Had a good run over the last year and has probably performed the best but he prefers Rogers (RCI.B-T) growth prospects better. | 2011-07-07 | ||
| TOP PICK | Walgreen Co | WAG-N | 44.140 | US pharmacy retailer. Recently beat the analysts’ estimates. Stock went down because of their relationship with Express Scripts (ESRX-Q), which represents about 8% of Walgreen’s sales. Feels this will be resolved by year-end and revenues will be up again. | 2011-07-07 | ||
| BUY | Cineplex Inc | CGX-T | 25.750 | Thinks this one will do quite well in spite of the lackluster box office in the 2nd quarter. Stock sold off a little on the numbers that came out earlier in the week. Well positioned and pays a good dividend. 2nd half promises a pretty strong lineup. | 2011-07-07 | ||
| BUY | GOOG-Q | 546.600 | Bottomed out at the height of the antitrust concerns. About 70% of all searches still go through this company. A pretty good trading stock with the month-to-month and week-to-week volatility. Great business model. Has about $100 a share in cash. At 14-15 times earnings is great value for the growth that it exhibits. | 2011-07-07 | |||
| PAST TOP PICK | Transocean Inc. | RIG-N | 62.470 | (A Top Pick June 23/10. Up 19.32%.) Still a Buy at these levels. | 2011-07-07 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. He was looking for a bit of a pullback in the 2nd quarter, which he got along with bad weather and Japan's earthquake. Some of those things will impact the economy for the balance of the year, but the market discounted them almost immediately. Still looking at technology and Canadian financial services companies. They both suffered badly in the 2nd quarter. | 2011-07-07 | ||
| Comment | New Flyer Industries Inc. | NFI.UN-T | 8.260 | Industry got tougher and margins got squeezed because of lack of funding. Company is changing from an income security deposit (half bond and half common stock) to just common stock. $1.17 that was part dividend distribution and part interest, will go to $0.58 of dividend only as a base and then supplements for the next 12 months. | 2011-07-07 | ||
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| PAST TOP PICK | Consolidated Thompson Iron Mines Ltd. | CLM-T (Dead) | 0.010 | (A Top Pick June 23/10. Up 122.29%.) | 2011-07-07 | ||
| TOP PICK | Parex Resources Inc. | PXT-T | 7.790 | Expiration activity, primarily oil, in Colombia and Trinidad. Looking at an exit rate of 14,000 barrels of oil this year and looking at $2 a share in cash next year. Trading at 4X cash flow. Looking for it to go a lot higher. | 2011-07-07 | ||
| BUY | Apple | AAPL-Q | 339.870 | A long term favourite. Continues to hit on all cylinders. Steve Jobs's health is a concern, but maybe things he is stubborn on can get done now and could be a good thing. Weakness is coming from NASDAQ re-weighting that happened earlier this month. A great entry point. | 2011-05-18 | ||
| TOP PICK | Agrium | AGU-T | 79.670 | Great entry point. It sold off since they announced their earnings and since they have had to battle with the wet weather. First Q results were cautious in guidance. Expanded operation internationally recently. | 2011-05-18 | ||
| BUY | Bank of America | BAC-N | 11.790 | Has not seen a lot of momentum in this stock recently. Has tremendous earnings power. Less than 2/3 of book value. Nothing is going to drive it in the short term but if you are long term you could own it. | 2011-05-18 | ||
| DON'T BUY | Berkshire Hathaway Inc. (B) | BRK.B-N | 79.620 | It’s a market stock now. It has so many holdings. The huge value gains it had in the past are not in its future. Why buy it over an index fund. | 2011-05-18 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 40.740 | Outlook for next 6 months is better than the last 6 months. Fire in Horizon has been a drag. This is a very well managed company. Pelican facility near slave lake is shut down because of forest fires. Is over sold right now. Production is going to ramp up. | 2011-05-18 | ||
| BUY | Canadian Pacific Rail | CP-T | 59.620 | 12-18 months good outlook. Sees continuing expansion of economy in North America. He has been moving from CNR to CP to some extent. 12-18 months good outlook. Sees continuing expansion of economy in North America. He has been moving from CNR to CP to some extent. | 2011-05-18 | ||
| BUY | General Electric | GE-N | 19.760 | Stock is well of it’s highs of several years ago. Feels there is a recovery happening here. Capital side is reporting better results and not a drag on them. | 2011-05-18 | ||
| SELL | Hewlett-Packard Co | HPQ-N | 36.490 | It’s like CISCO. Valuation is reasonable. Company is floundering in a couple of areas, and it does not have the growth potential. He would want to see them perform a little better and get the earnings growth. | 2011-05-18 | ||
| HOLD | Manulife Financial | MFC-T | 17.460 | Struggled over last couple of years but are getting act together recently. With hedging program in place they are little less prone to ups and down in the market. Bought more recently. Good valuation. Nothing is going happen here soon. In 3-5 years they will turn things around. Growth is in China. | 2011-05-18 | ||
| DON'T BUY | Morgan Stanley | MS-N | 24.370 | Stock is back to almost 52-week lows. Whole group has sold off recently. He owns Goldman. Prefers the premier company in the industry. Catalyst out there is M&A activity. | 2011-05-18 | ||
| BUY | PepsiCo | PEP-N | 71.270 | Found it difficult to find reasonable value in consumer staples areas. March to now is recognition that it was trading at a low multiple compared to Coke. There is more growth in this one. | 2011-05-18 | ||
| HOLD | Research In Motion | RIM-T | 44.110 | He looks at how stock reacts to bad day and bad news. 3 days ago they had bad news and did not suffer too much and were up nicely yesterday. Playbook is selling reasonably well. He is willing to give them some more rope. | 2011-05-18 | ||
| BUY | Royal Bank | RY-T | 59.810 | His number 2 banks based on the fact that it fell the most. Sees things turning around a little bit. A good entry point/ | 2011-05-18 | ||
| TOP PICK | Shoppers Drug Mart Corp | SC-T | 41.650 | If anyone could manage their way through the gov’t thing, they could do it. They proved that with a great first quarter. Sill looking for new CEO, which could be the catalyst that could set the stock higher. | 2011-05-18 | ||
| BUY | Toronto Dominion | TD-T | 83.510 | Bought US assets very, very cheaply. Has yet to do as well as he would like. Is his number 1 bank pick. The US assets will eventually produce as branches up here have. | 2011-05-18 | ||
| BUY | Teck Resources Ltd. (B) | TCK.B-T | 48.700 | Fell with commodity stocks. Likes it and likes coal operation. Chinese coal is a big market for them. Flooding in mines has created more demand from China for coal. | 2011-05-18 | ||
| DON'T BUY | Best Buy Company Inc | BBY-N | 32.220 | Doesn’t seem to be a lot of catalysts here. 3D has not captured consumer as much as they thought it would. There are better places to put your money. | 2011-05-18 | ||
| BUY | Phelps Dodge Corp | PD-N | 129.470 | Largest in Canada but operating more and more in the US. Soon will encroach on the US companies to be the largest driller in North America. Good entry point in at this level. | 2011-05-18 | ||
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| PAST TOP PICK | Corintian Colleges Inc | COCO-Q | 4.270 | (Top Pick May 19/10, Down 72.70%) Gov’t funding issue. Most students need funding to get into programs. This was an industry fall. | 2011-05-18 |
