STOCKCHASE

Royal Bank of Scotland PLC

0.020

US$: Oil price is going to be a factor in moving the dollar and he expects oil will be moving up. When this happens, the US$ will start to decouple from oil and will start trading with the US economy. If so, he expects more money will flow in to buy the dollar.

2008-12-10

Comment

RBS-N

20.260

Will be getting capital from Bank of England. This has been a disappointing situation. The UK banking sector in general has suffered because of the poor mortgage situation. The silver lining is that it is trading at a very low multiple. Very diverse mix of business.

2008-12-10

BUY

ING Canada Inc.

IIC-T

30.900

Has been a little bit stronger over the last little while. He has just added to his position.

2008-12-10

Comment

Thompson Creek Metals

TCM-T

4.170

Molybdenum. There is a lot of infrastructure build in China that is using steel. However, the commodities are ratcheting down. Hasn't looked at this company closely but suggests you check out their financials before buying.

2008-12-10

BUY

Biovail Corp.

BVF-T

11.470

Has gone through some difficulties in the last little while because of potential change of control. This is now behind them and the company is in good shape to move up. Have a good stable of products. 16.8% yield should be safe but if it gets cut, it wouldn't bother him.

2008-12-10

BUY

Rio Tinto

RTP-N

94.500

(Market Call Minute.) Looking at little bit better after it has backed off as they will not beginning together with BHP.

2008-12-10

DON'T BUY

Barclays Bank PLC

BCS-N

9.190

(Market Call Minute.) Little perilous right now. Will probably not use the Bank of England's facilities but will come out with an equity issue instead.

2008-12-10

BUY

China Telecom

CHA-N

39.770

Telecommunications. Has done well on the back of some restructuring that was put in place by the Chinese government. They are allowing them to get a little more involved in the mobile and wireless.

2008-12-10

BUY

AXA SA

AXA-N (Dead)

21.840

(Market Call Minute.) Loves this one.

2008-12-10

BUY

Tesco PLC

TEO-LSE

0.000

(London Stock Exchange) Grocery chain in the UK. Have upgraded some of their stores in the last little while. Has some defensive characteristics.

2008-12-10

BUY

Vale S.A.

VALE-N

12.480

Have iron and nickel, which goes into stainless steel. Very good situation. No concerns on demand in the case of China where they are still building up their infrastructure. Look out for major slow down in China.

2008-10-07

BUY

Oilexco Inc

OIL-X

4.670

Price of oil is a big factor. Thinks we will see $75 before $150 again for oil. Thinks it is a good thing to own. In a declining crude oil market you are better off to be into the integrateds.

2008-10-07

DON'T BUY

American International Group

AIG-N

3.510

Trading below book value but there are a lot more cheap things to buy. Prefers Canadian Banks.

2008-10-07

Comment

0.020

On Harper’s Speech: When we responded to the credit crisis, we weren’t dealing with the same crisis in Canada. Consumer debt started going out of control in 2002, not Aug 2007. Likes what Harper had to say. Wants him to keep his promise to reduce capital gains tax. Not sure about Dion’s idea of assembling a panel to discuss the economy. That had to happen a while ago and Harper has been consulting experts all along.

2008-10-07

WAIT

Fannie Mae

FNMA-Q2

1.200

We need to see the system a little more liquid before buying.

2008-10-07

PAST TOP PICK

0.000

(Top Pick Jul 12/07, Flat)(London Stock Exchange.)They are a cost plus contractor. In defence and aerospace system.

2008-10-07

PAST TOP PICK

0.000

(Top Pick July 12/07 Down 6%)(London Stock Exchange) Economies of scale on purchasing side keep their costs down. Defensive stock. Still more room for cost controls. Still continue to win contracts with institutions. Still a good food service

2008-10-07

PAST TOP PICK

5.270

(Top Pick July 12/07 Down 49%), happy to hold current investment thesis still works and is a buying opportunity. They will receive outsourcing contracts from Dells, etc. as recession takes hold.

2008-10-07

TOP PICK

CHINA COAL

1898-HK

0.000

Second largest coal producer. It’s here to stay and suffered a lot. China has to import all their coal. China is growing so quickly that they need every source of energy they can get.

2008-10-07

TOP PICK

Telenor

TEL- OSLO

0.000

(Oslo Exchange) Growth in an emerging market. Build-out is getting cheaper. Big in cellular services. Seeing good growth and good management.

2008-10-07

Comment

Berkshire Hathaway Inc. (B)

0.020

Following Bernanke speech: Thinks we are getting an interest rate cut and it should work. He likes what they are doing. Have drops in global PE ratios dropped to historical averages? Yes, we are at 15-year lows. So right now we have some very good buying opportunities. Europe is cheaper than North America.

2008-10-07

BUY

BRK.B-N

4.000

B shares are a new issue from 8 or 9 years ago and just a cheaper way to participate.

2008-10-07

PAST TOP PICK

0.000

(A Top Pick Jul 12/07. Up 21%.)(London Stock Exchange) Have some great Saudi contracts. #1 in Europe and #5 in the US in terms of the aerospace industry.

2008-08-28

TOP PICK

0.000

(A Top Pick Jul 12/07. Up to 7%.)(London Stock Exchange)The #1 food service company in the world. Achieving a lot of economies through the purchase of food.

2008-08-28

TOP PICK

Sasol Ltd.-ADR

SSL-N

54.090

Integrated energy company in South Africa. Converts coal to liquids. Diesel and the by-products. Have pilot projects in several areas around the world, namely China and the US.

2008-08-28

PAST TOP PICK

9.180

(A Top Pick Jul 12/07. Down 19%.) Still likes. Singapore listing. Do a lot of their electronics in the US in the electronics area.

2008-08-28

TOP PICK

Novartis AG

NVS-N

56.020

Have defensive characteristics. Largest producer of generic drugs in the world. Good management and balance sheet.

2008-08-28

Comment

0.020

India and China: India's economy has been growing and is based on technology and service. Stocks have been expensive so he does not own any in India. China's economy has been down this year so he is holding his current stocks.

2008-08-28

Comment

0.020

Decoupling of the Global Market: Thinks the markets are somewhat decoupled. There is quite a difference in performance between the various global markets. Asia right now is highly dependent on what happens in China and their growth is going to be around 9%. If it really slows down it will go down to around 7%.

2008-08-28

BUY

Glaxosmithkline PLC

GSK-N

47.090

Likes the pharmaceuticals. This is one that he would favour investing in. They have defensive characteristics. This would be a 5 year or so hold.

2008-08-28

BUY

Telefonica S.A.

TEF-N

74.780

Interesting company because most of their business is done outside of Spain. Dominant in fixed line and wireless in Spain but have 115 million subscribers on the wireless side outside of Spain and 25 million inside of Spain.

2008-08-28

Comment

HSBC Holdings P L C

HBC-N

78.680

Well run bank and well diversified. Having some problems right now like many of the banks.

2008-08-28

Comment

30.800

Doesn't own this one, as it is primarily a valuation issue. They are having some difficulties but no more than many of the other banks.

2008-08-28

Comment

Potash Corp of Saskatchewan

0.020

China: After a 55% decline in China markets, valuations are much better. Chinese economy over the last 15 years has grown between 7% and 15% per year. Doesn't see a major decline and thinks this growth is sustainable. You have to be very selective in the companies you own.

2008-08-28

BUY on WEAKNESS

POT-T

186.410

Fertilizer is a good place to be and always will be. There are food shortages in many places around the world. Food inflation is one of the biggest problems there is. Doesn't feel the valuation of this company is cheap.

2008-08-28

PAST TOP PICK

0.000

(A Top Pick July 12/07. Up 18%.) (London exchange.) #1 defence contractor in the UK and #5 globally. Have a contract with the Saudis for some planes.

2008-02-22

TOP PICK

Gazprom

GAZP-RUS

0.000

(Russian exchange.) Largest natural gas company in the world. Russian government owns about 50%. Sells their gas through Europe.

2008-02-22

TOP PICK

Cheung Kong Holdings

1-HK

0.000

Has a tremendous land bank in Hong Kong but are also going into mainland China. Has come off its high so there is good room to move.

2008-02-22

TOP PICK

China Mobile Hong Kong

CHL-N

51.980

Telecommunications. 371 million cell phone subscribers. Chinese government just approved the sale of blackberries about six months ago, which they sell. 6 to 7 million new subscribers per month. Has come off its high so there is good room to move.

2008-02-22

PAST TOP PICK

0.000

(A Top Pick July 12/07. Down 4%.) (London exchange.) Food services. Do about $1 billion of sales in Canada. 3.3% yield.

2008-02-22

PAST TOP PICK

10.560

(A Top Pick July 12/07. Down 6%.) Likes this one going forward. Still a Buy.

2008-02-22

BUY on WEAKNESS

Royal Dutch Shell PLC (A)

53.870

This is a great Indian bank. Were not as involved in a lot of the subprime issues as others.

2008-02-22

BUY

HSBC Holdings P L C

HBC-N

75.230

Great bank. Have over 10,000 offices globally. Integrated asset management. Own 10% of a Chinese bank, which he thinks will be a winner for them. Very strong position in Asia. 4.6% dividend should be safe.

2008-02-22

Comment

RDS.A-N

72.470

Good reserve positions. Totally integrated in all sectors. Good solid dividends.

2008-02-22

Comment

Halliburton Co

HAL-N

36.160

Oil services is a good place to be, primarily because there are shortages of oil.

2008-02-22

Comment

Schlumberger Ltd.

SLB-N

85.450

Oil services is a good place to be, primarily because there are shortages of oil.

2008-02-22

BUY

Toyota

TM-N

110.730

Likes this one a lot. From a revenue and production point of view is very large. Have command of about 35% of the US market. Has dropped because of softness in the US market, which would be a caution when buying.

2008-02-22

Comment

Ericsson LM Telephone

ERIC-Q

21.640

Consumer electronics and cell phone providers. Great company. Has suffered dramatically in the last little while. Missed on a couple of their earnings and guidance hasn't been that great. Still likes and he is looking at it for his portfolios.

2008-02-22

BUY

Macquarie Group

MQG-AU

0.001

(Australian exchange.) They have been great in making acquisitions. Investment banking, hydro projects, infrastructure, et cetera. A good bank to own. Buy for the long-term.

2008-02-22

BUY

Unilever NV

UN-N

30.880

Global food service company. Food companies are good to own from a defensive standpoint. Tend to be less volatile. Earnings are looking good. 4.78% dividend should be safe.

2008-02-22

BUY

Royal Bank of Scotland PLC

RBS-N

7.640

Full-service bank. Very content with the company. Price has been beaten up quite badly. As far as he can make out, they were not major participants in the sub prime loans.

2008-02-22

TOP PICK

11.130

A Singapore company. They do design electronics as well as manufacturing. They are in a sweet spot as companies continue to outsource.

2007-07-12

PAST TOP PICK

0.020

All 3 Top Picks of Dec 6/05 were not available on North American exchanges, so were not recorded.

2007-07-12

TOP PICK

0.001

London exchange. Probably one of the most complete defence contractors in the world. Currently working on a Saudi contract upgrading their Air Force. Well-run.

2007-07-12

TOP PICK

Royal Bank of Scotland PLC

0.001

London exchange. World's largest foodservice company. Well-managed.

2007-07-12

BUY

RBS-N

0.001

Has had a negative feel with many investors and he's not sure why. Recently announced they are joining a consortium to take over a Dutch bank. That would be a great fit for them. Well-run and it's totally integrated.

2007-07-12

BUY

China Mobile Hong Kong

CHL-N

57.780

Have 300 million subscribers. Subscription base is growing 5 to 6 million per month. Starting to look outside of China. Still lots of growth to go. Might be starting to get a little expensive.

2007-07-12

BUY

TelenorASA

TELN-Q

55.820

Norwegian telephone company. Likes this one very much.

2007-07-12

Comment

Glaxosmithkline PLC

GSK-N

52.640

Have had some difficulties so there has been a sell off. Great depth in their management team. Reasonable pipeline.

2007-07-12

BUY

Vodafone Group PLC

VOD-Q

33.460

Good wireless.

2007-07-12

BUY

France Telecom

FTE-N

28.860

Telecom. They don't do much outside of France. Well-run. On a valuation basis, it is probably one of the cheaper European telecoms. Performance won't be dramatic, but he is very comfortable with the yields.

2007-07-12

BUY

HSBC Holdings P L C

HBC-N

93.800

Has languished quite a bit over the last little while. One of the finest banks in the world. Good integration. Growing in asset-management.

2007-07-12

Comment

Wal-Mart Stores Inc.

WMT-N

48.830

Continuing to go through a lot of expansion. Shutting down a lot of retail space in North America. Very well run organization. Doesn't expect you will see the same growth as there has been in the past.

2007-07-12

Comment

0.020

The subject today includes many exchanges outside of North America and since this site deals only with North American exchanges, a lot of stocks discussed are not shown. The 3 Top Picks are on Asian exchanges.

2005-12-06

BUY

Glaxosmithkline PLC

GSK-N

50.490

The 2nd largest pharmaceutical supplier globally. They also have good health care as well. Have an excellent pipeline, good dividend and good management.

2005-12-06

PAST TOP PICK

Cadbury Schweppes

CSG-N

39.090

(A Top Pick July 25/05. Up 4.3%.) It's a good market. This company is moving more into the US.

2005-12-06

BUY

Repsol YPF , SA

REP-N

30.110

One of the cheaper oil companies out there right now.

2005-12-06

BUY

ING Groep NV

ING-N

33.880

A great company. The dividend yield has gone down because the price of a stock has moved up. Likes the capital gain move in the stock.

2005-12-06

BUY

27.000

A good bank. Mainly based in India but are expanding out.

2005-12-06

BUY

Pfizer Inc

PFE-N

21.140

The largest pharmaceutical company in the world. Have a good pipeline of drugs. Well-managed.

2005-12-06

BUY

Total SA

TOT-N

129.090

A good integrated French oil company but prefers others.

2005-12-06

Comment

iShares Japan

EWJ-N

12.920

Prefers to be an active investor and buy individual stocks rather than buying a basket of stocks where some are good and some are bad.

2005-12-06

TOP PICK

Cadbury Schweppes

CSG-N

37.890

Liked their acquisitions of Adams. Stock has been a moonshot since and has done very, very well. Known as the high quality company in confectionaries. Well managed. Great distribution. Trading at 15 X forward earnings.

2005-07-25

BUY

ING Groep NV

ING-N

29.850

Very strong company. Good management. Looking out 5 years, it looks like it's got good growth.

2005-07-25

WEAK BUY

Inco

N-T

51.920

Great company. Production of nickel is important to the infrastructure. A lot of nickle gets exported to China. Over the long and intermediate term, the company looks alright, but on the shorter term basis, with the metals having done what they've done, you have to be a little bit cautious and pick your spots.

2005-07-25

DON'T BUY

BHP Billiton Ltd.

BHP-N

29.200

Well managed. A company that is very nicely diversified in metals. Have been benefiting recently from the increases in the price of metals. Starting to get a little bit rich here.

2005-07-25

BUY

Royal Bank Scotland Group PLC (Pref.)

25.330

Particularily good at processing. Have transfer agency services, fund account services, etc. and have recently been expanding into North America. Good on the technology side.

2005-07-25

DON'T BUY

Bayer AG

BAY-N

35.570

Into pharmaceuticals and chemicals. Things seem to be moving along very well. Getting a little overpriced at these levels.

2005-07-25

DON'T BUY

Posco

PKX-N

49.390

Has had a heck of a run, pretty well doublng over the last 24 months. One of the lowest cost producers of steel in the world. Well managed and very up to date on the technology for steel production. Starting to see some competition coming in. Watching closely with the possibility of lightening up his position.

2005-07-25

VAGUE

Cemex SA

CX-N

44.480

Well managed company. Because of high shipping costs, you have to make surfe that there are things going on locally that can take the cement.

2005-07-25

BUY

Siemens

SI-N

79.260

Things are coming together. Very strong well run German conglomerate. Likes at these levels.

2005-07-25

BUY

RBS.PR.F-N

25.640

A great value at this time. Has underperformed for the last little while because of a basic misunderstanding of their business, i.e., they're not a consumer oriented bank. Particularily good at making acquisitions and putting them into their system.

2005-07-25

VAGUE

Teva Pharmaceutical

TEVA-Q

31.230

Primarily involved in the generic pharmaceuticals. Well managed company. Have to be very conscious of the price. A lot of patents are coming off now which is affording an opportunity to the generic companies.

2005-07-25

BUY

PetroChina

PTR-N

62.650

An oil company, but there is also a chemical component in this company. As the price of oil advances, that is going to help the advances of oil stocks. Chinese economy is likely to grow at an 8/8.5% for the next decade on a compound basis. Good opportunities. Prefers China National Offshore Oil Company i.e CNOOC (CEO-N).

2005-04-12

BUY

CNOOC Limited

CEO-N

54.110

Oil price advances is going to help the advances of oil stocks. Chinese economy is likely to grow at an 8/8.5% for the next decade on a compound basis. Good opportunities.

2005-04-12

N/A