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| Don Reed of Franklin Templeton Investments |
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| TOP PICK | Vestas Wind Systems | VWS-DC | 0.000 | (Denmark exchange) Manufacture wind turbines. They keep getting more and more contracts. They would have 35% of the market for wind turbines. | 2008-12-10 | ||
| TOP PICK | Michelin Tires | ML-FR | 0.000 | (French Exchange) Michelin Tires. Although the automotive industry is not selling as many cars, Michelin makes more money on replacement equipment than on original. Great brand name. Very competitive. | 2008-12-10 | ||
| TOP PICK | Olympus | 7733-JP | 0.000 | (Tokyo Exchange) Olympus cameras and endoscopes for surgeons. They are the biggest in the business for endoscopes. | 2008-12-10 | ||
| PAST TOP PICK | Gazprom | GAZP-RUS | 0.000 | (A Top Pick Feb 22/08. Down 69%.) World's largest producer of natural gas and are all the way through Europe. The attacks in Georgia made investors nervous. Once this is cleared up, the stock should go higher. Would add to positions at this price. | 2008-12-10 | ||
| PAST TOP PICK | Cheung Kong Holdings | 1-HK | 0.000 | (A Top Pick Feb 22/08. Down 32%.) Real estate. Managed by Li Ka Shing who owned roughly 10% of CIBC (CM-T) at one time. Good leadership. | 2008-12-10 | ||
| PAST TOP PICK | China Mobile Hong Kong | CHL-N | 51.980 | (A Top Pick Feb 22/08. Down 31%.) Largest cellular provider in the world. Growing at 5 to 6 million a month. Stock weekend as China went through a restructuring of the telecom industry. Still have a lot of room for growth. | 2008-12-10 | ||
| PARTIAL BUY | ABB Ltd. | ABB-N | 13.670 | Power Plant Equipment. Infrastructure play. A holding he would be inclined to for a 3 to 5 year hold. They are in the right business and have been receiving some contracts. He would take a position and then dollar cost average. | 2008-12-10 | ||
| BUY | Vodafone Group PLC | VOD-Q | 19.390 | 2nd largest wireless globally. They keep adding to their stable of subscribers. Breaking ground in some emerging countries. | 2008-12-10 | ||
| BUY | Novartis AG | NVS-N | 45.690 | Has been quite a good performer on a relative basis as the market has turned down. Very big in the generic area. More and more generics are going to be coming forward as the medical plans improve in the US. | 2008-12-10 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 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 | Royal Bank of Scotland PLC | 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 | ||
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| 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | BAE Systems | BA-LSE | 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 | Compass Group | CPG-LSE | 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 | Flextronic International | FLEX-Q | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | Berkshire Hathaway Inc. (B) | 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 | BAE Systems | BA-LSE | 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 | Compass Group | CPG-LSE | 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 | Flextronic International | FLEX-Q | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | ||
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| 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 | ICICI Bank Ltd. | IBN-N | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | Potash Corp of Saskatchewan | 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 | BAE Systems | BA-LSE | 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 | Compass Group | CPG-LSE | 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 | Flextronic International | FLEX-Q | 10.560 | (A Top Pick July 12/07. Down 6%.) Likes this one going forward. Still a Buy. | 2008-02-22 | ||
| BUY on WEAKNESS | ICICI Bank Ltd. | IBN-N | 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 | Royal Dutch Shell PLC (A) | 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 | ||
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| 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 | Flextronic International | FLEX-Q | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | BAE Systems | BA-LSE | 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 | Compass Group | CPG-LSE | 0.001 | London exchange. World's largest foodservice company. Well-managed. | 2007-07-12 | ||
| BUY | Royal Bank of Scotland PLC | 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 | A Comment -- General Comments From an Expert | A Commentary | 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 | ICICI Bank Ltd. | IBN-N | 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 | ||
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| 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 | ICICI Bank Ltd. | IBN-N | 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 | Royal Bank Scotland Group PLC (Pref.) | 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 | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Today’s subject is International Markets and very few North American stocks are being discussed. Because we only cover North American Exchanges, this is the reason for the short listing today. Top Picks and Past Top Picks where on foreign exchanges, so nothing to show. SORRY! | 2005-04-12 | ||
| WEAK BUY | Alcan Aluminum | AL-T (Dead) | 46.200 | The price of aluminum hasn't started to struggle a lot and demand continues to be out there. Might be getting a little bit toppy at this stage. Likes their Pechene acquisition. Price of energy will cause them concern. | 2005-04-12 | ||
| BUY | Royal Dutch Petroleum | RD-N | 60.720 | This and Shell out of the UK will be getting together in the next little while. A fine integrated company operating out of the Netherlands. Has had a reasonable move over the last 1 1/2 years. | 2005-04-12 | ||
| HOLD | Vodafone Group PLC | VOD-Q | 26.680 | Had a very strong move about 3 or 4 years ago and the stock backed off to around a pound (U.K.) 6/8 months ago which is when he got in. Has been an excellent telco. | 2005-04-12 | ||
| BUY | Inco | N-T | 48.430 | Nickel is a commodity that is very much in favour these days. If you put together nickel, iron ore and some other reactions together, that forms stainless steel which is very big in infrastructure which is very big in China along with re-builds in some of the other markets. | 2005-04-12 | ||
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| BUY | Sony Corp. ADR | SNE-N | 39.990 | One of the world's giants in consumer electronics. Very fine company. Starting to see the old stodgy management change. There's an American who's running it now. | 2005-04-12 |