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| Duncan Stewart of DSAM Consulting |
|---|
| 141 Adelaide St. W, Suite 320 |
| Toronto ON |
| M5H 3L5 |
| 416.367.3726 |
| Duncan Stewart's website |
| Fax: 416.367.3727 |
| dstewart@dsam.ca |
| HOLD | Axia NetMedia | AXX-T | 1.750 | Provides broadband infrastructure. Main market is Alberta and with lower oil prices, the economy is slowing. Until Alberta improves or they expand their international operations the stock will be a bit of a laggard. | 2008-12-30 | ||
| Comment | BCE Inc. | BCE-T | 24.140 | Likes management and at this price it is a completely reasonable investment. However, they are going to have to spend money in order to make money so the next year or two is going to be rocky. | 2008-12-30 | ||
| DON'T BUY | CanWest Global Comm. | CGS-X (Dead) | 0.750 | (Market Call Minute.) There is some risk here. Too much debt and revenues continue to be in too much trouble. | 2008-12-30 | ||
| DON'T BUY | Hewlett-Packard Co | HPQ-N | 36.190 | Essentially a PC manufacturer. Has hung in pretty well and is picking up market share. PC is a competitive market and he doesn't think PCs will do very well. | 2008-12-30 | ||
| TOP PICK | Intel | INTC-Q | 14.690 | Doesn't like semiconductors or the PC business but feels they are going to continue picking up share from Advanced Micro Devices (AMD-N). Have 45 nm process architecture. Able to supply 25 to 50 million new chips for the new netbooks. | 2008-12-30 | ||
| DON'T BUY | Canadian Hydro Developers | KHD-T | 2.990 | (Market Call Minute.) Would be cautious about any wind, water or solar company at this point. | 2008-12-30 | ||
| SHORT | Micron Technology | MU-Q | 2.440 | Not time to buy semiconductor space yet. The memory sector, which this company is in, is a terrible sector. This company lost $700 million out of $1.4 billion in revenues last quarter. Balance sheet is stretched. | 2008-12-30 | ||
| DON'T BUY | Nokia | NOK-N | 15.770 | Well run company with a global brand name. 2009 will be a bad year for cell phone sales. Also, they are losing share. Have lots of cash and pay a dividend. | 2008-12-30 | ||
| BUY | Research In Motion | RIM-T | 47.400 | (Market Call Minute.) Thinks they will fix their execution really quickly. Likes it at this price. | 2008-12-30 | ||
| DON'T BUY | Sierra Wireless | SW-T | 7.200 | Great company with good technology. However, the business of providing connectivity to wireless networks is a terrible business to be in. A lot of competition. Thinks 2009 will be a tough year for them. | 2008-12-30 | ||
| PAST TOP PICK | Thomson Reuters Corp | TRI-T | 35.090 | (A Top Pick Apr 25/08. Down 9%.) The challenge is that so much of their revenue comes from the financial services, which is the deeply contracting industry. The legal side is really hanging in there. | 2008-12-30 | ||
| Comment | Vodafone Group PLC | VOD-Q | 19.760 | Would probably be one of the global carriers that he would look at. A solid company. Enough different fingers in enough different pies that it could be considered a core holding in the telecom space. | 2008-12-30 | ||
| PAST TOP PICK | George Weston Ltd. | WN-T | 19.990 | Preferred A's. (A Top Pick Apr 25/08. Down 10%.) Now that they have sold their bakery division, it is not known what the company is going to do. Yields about 8.6%. | 2008-12-30 | ||
| STRONG BUY | Westport Innovations | WPT-T | 5.840 | Has technology allowing conversion of a diesel engine to natural gas. Not only an economic benefit but also an environmental benefit. At these prices, it is a steal. | 2008-12-30 | ||
| DON'T BUY | Yellow Media Inc | YLO-T | 6.460 | (Market Call Minute.) Good yield, but long-term he doesn't think yellow pages business is a good one. | 2008-12-30 | ||
| DON'T BUY | WebTech Wireless Inc. | WEW-T | 0.910 | Market cap is a little high based on the revenues they have had to date. Have been aggressive in saying they are going to sign contracts. Need to start getting into the tens of millions of dollars in sales. | 2008-12-30 | ||
| HOLD | March Networks Corp | MN-T | 1.870 | (Market Call Minute.) Incredibly cheap and someone could buy them. | 2008-12-30 | ||
| TOP SHORT | Palm Inc. | PALM-Q (Dead) | 3.160 | Losing market share. New products coming out and the rumour is that they are terrible. Losing money and has debt. Could be in chapter 11 a year from now. | 2008-12-30 | ||
| PAST TOP PICK | Xantrex Technology Inc. | XTX-T | 14.980 | (A Top Pick Apr 25/08. Up 55%.) Specialize in power converters that get electricity onto the electrical grid from green power applications. Wound down all of his funds at the end of October. | 2008-12-30 | ||
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| DON'T BUY | Enablence Technologies Inc. | ENA-X | 0.280 | Started with a single product and then made 5 acquisitions in the last year. As fibre-optic net works are built out this company, theoretically, should benefit from that. Their problem is they are not susceptible to analysis and he does not know how much money they are going to make, etc. Potentially interesting. | 2008-12-30 | ||
| DON'T BUY | Plutonic Power Corp. | PCC-T (Dead) | 2.490 | (Market Call Minute.) Thinks there are problems with the BC Run River Power (?) Thing. | 2008-12-30 | ||
| BUY | Sandvine Corp. | SVC-T | 0.730 | Make networking gear called “Deep Packet Inspection” and the US government declared it illegal to use on a network. This is now being worked out. Their technology is world beating. Not only used by cable ISPs but phone ISPs are starting to use it and the new hot market is the wireless ISPs. Has cash. Well run company. Good investment for 2%-3% of your portfolio. | 2008-12-30 | ||
| DON'T BUY | Arise Technologies Corporation | APV-T (Dead) | 0.540 | Solar is in a bit of an eclipse. Across the board in the solar sector there are capacity cuts and supply cuts and companies are downgrading guidance. Solar will be massively in overcapacity in 2009 based on fundamentals. This company has some new interesting technology but it is not ready yet. A wildcard is what governments do. | 2008-12-30 | ||
| Comment | 5N Plus | VNP-T | 4.660 | Not wild about wind or solar but the one exception is this company. They make thin-fill solar that economically works without a lot of help from the government. Well-capitalized and have cash. If he had to pick one solar company it would be this. | 2008-12-30 | ||
| TOP PICK | RuggedCom Inc. | RCM-T | 12.700 | Governments will be spending a lot of money on infrastructure. Single biggest problem with global infrastructure is electrical grids. Most technology used in substations and across transmission and distribution, dates from the 1940's. This company makes high-end networking gear. They have 60% market share. | 2008-12-30 | ||
| DON'T BUY | Cleanfield Alternative Energy Inc. | AIR-X | 0.210 | Have a vertical wind turbine, which has some advantages, but is still new. Doesn't think 2009 is going to be a good year for alternative energy companies unless there is a lot of help from the US government. | 2008-12-30 | ||
| WAIT | Day4 Energy Inc. | DFE-T | 0.820 | Manufacture solar panels but with connection technology that is materially more efficient than the standard panel. Recently outsourced for someone else to do the manufacturing. Doesn't look like 2009 will be any better for solar companies. When things normalize for solar, this will be a great investment. | 2008-12-30 | ||
| Comment | DragonWave Inc. | DWI-T | 0.970 | (Market Call Minute.) Interesting technology. Starting to see that kind of technology being used more and more in congested wireless networks. | 2008-12-30 | ||
| PARTIAL BUY | Apple | AAPL-Q | 89.910 | Last quarter was superb. Their new phone had huge sales. A lot of that appears to be a one-quarter phenomena. He is seeing data indicating they are cutting back on getting parts for the iPhone. Wouldn't be surprised to see iPhone sales go way down. Their PCs are doing quite well. | 2008-11-18 | ||
| Comment | Astral Media | ACM.A-T | 23.540 | Under known and under followed. Have nice exposure to some specialty channel programming. A nice safe media company. Solid management. Hurt with poorer advertising revenues. | 2008-11-18 | ||
| Comment | Agrium | AGU-T | 38.360 | Likes the fact that they are not just a pure commodity play. Their distribution side theoretically should smooth earnings but hasn't done much to smooth share price volatility. | 2008-11-18 | ||
| Comment | Aecon Group Inc | ARE-T | 6.610 | SNC Lavalin (SNC-T) vs. Aecon Group (ARE-T). Infrastructure is going to be a pork barrel exercise. Governments are going to say that they have to do a stimulus package and will probably end up getting the lion's share to one company vs. another. Even though you got the theme right, you could pick the wrong horse. | 2008-11-18 | ||
| BUY | Valeant Pharmaceuticals | VRX-T | 10.150 | Chequered history but a lot of it is in the past. Attempting to reinvent itself. New management. New strategy of buying new drugs. (E.G. Central Nervous System is a new space.) Dividend could be at risk. | 2008-11-18 | ||
| DON'T BUY | CanWest Global Comm. | CGS-X (Dead) | 0.720 | Just renegotiated covenants with their lenders, which is good except the lenders cut back on the amount they can borrow. Newspaper industry in North America is in a violent retraction. This sector will continue to be an anchor around their feet regardless of how well their television assets do. | 2008-11-18 | ||
| SELL | General Motors Corporation | GM-N | 3.090 | Wouldn't touch this one. It literally does not have enough cash to make it out to the end of the year. Even if the US government wants to save the company, but gets grid locked, they could see chapter 11. | 2008-11-18 | ||
| TOP PICK | Intel | INTC-Q | 13.110 | A Buy & Hold. About 11 X earnings. Over 4% yield. Buckets of cash. Thinks this will be stronger than Advanced Micro Devices (AMD-N) than what it was going in. | 2008-11-18 | ||
| DON'T BUY | Isotechnnika Inc | ISA-T | 0.115 | Nothing fundamentally horrible about this company but it does have a small market cap, which is an out-of-favour sector. Small cap biotech sector is not a place to be. | 2008-11-18 | ||
| SELL | Manitoba Telecom Services | MBT-T | 43.450 | (Market Call Minute.) Nice company. Stock has held in way too well. Thinks its defensive run is over. Poorly positioned going forward. | 2008-11-18 | ||
| SELL | Merrill Lynch & Co (US) | MER-N | 11.400 | (Market Call Minute.) You don't want to touch any US financial. | 2008-11-18 | ||
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| HOLD | Manulife Financial | MFC-T | 22.360 | (Market Call Minute.) With the change of rules on minimum capital, it is no longer the financial risk. | 2008-11-18 | ||
| HOLD | Patheon | PTI-T | 0.980 | (Market Call Minute.) You have to be careful of them, as they have had execution issues over time. | 2008-11-18 | ||
| DON'T BUY | Research In Motion | RIM-T | 58.000 | Likes the company and their product and even likes the valuation. His concern is what happens to smart phones in 2009 during an economic downturn. Anyone who makes handsets for the consumers are really in the fashion business. Volatile and difficult to forecast. | 2008-11-18 | ||
| Comment | SNC-Lavalin Group Inc. | SNC-T | 31.420 | SNC Lavalin (SNC-T) vs. Aecon Group (ARE-T). Infrastructure is going to be a pork barrel exercise. Governments are going to say that they have to do a stimulus package and will probably end up getting the lion's share to one company vs. another. Even though you got the theme right, you could pick the wrong horse. | 2008-11-18 | ||
| SELL | Sandisk Corp | SNDK-Q | 7.070 | (Market Call Minute.) Although they make great products the memory chip business is a terrible one to be in. End markets are bad. | 2008-11-18 | ||
| BUY | SXC Health Solutions Corp. | SXC-T | 18.980 | Provides technology solutions to the healthcare sector. Stock has hung in really well. Growing company that continues to win business, especially in the US. Great management and a great pipeline. Expect you could see another 10%-20% in this market. | 2008-11-18 | ||
| DON'T BUY | Teck Resources Ltd. (B) | TCK.B-T | 6.120 | Have more debt than they have market cap, which is always a bad sign. In the current market, you want to own companies that have lots of cash and very little debt. | 2008-11-18 | ||
| PAST TOP PICK | Thomson Reuters Corp | TRI-T | 29.130 | (A Top Pick Apr 25/08. Down 24%.) Selling financial information to brokers wasn't as lucrative as was thought. Still likes this and is almost certainly a double as the economy recovers, | 2008-11-18 | ||
| TOP PICK | Trans Canada Corp | TRP-T | 32.850 | Infrastructure play. Transports natural gas to the US, which the Democrats will like. Just raised some money to buy assets at good prices. Stock is off 5% today so a good price. 4.8% yield. | 2008-11-18 | ||
| BUY | Vodafone Group PLC | VOD-Q | 19.330 | (Market Call Minute.) Defensive going forward. | 2008-11-18 | ||
| PAST TOP PICK | George Weston Ltd. | WN-T | 19.600 | Preferred A's.(A Top Pick Apr 25/08. Down 10%.) This was a Pairs trade with a Short on Loblaws (L-T) and he made above 15% off the Shorts. (Thought preferreds would be safer than the common but commons did exceptionally well. Still likes preferreds. Still a defensive play but won't have the kind of run it had in the last 3 months. | 2008-11-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Because of structural reasons, Duncan is currently 100% cash and owns no stocks. | 2008-11-18 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: Still a sound investment. Doesn't expect to see a disaster in their share price. | 2008-11-18 | ||
| PAST TOP PICK | Xantrex Technology Inc. | XTX-T | 14.980 | (A Top Pick Apr 25/08. Up 55%.) Acquired by Schneiders. | 2008-11-18 | ||
| BUY | Pall Corp. | PLL-N | 24.630 | US water filtration. Relatively liquid. | 2008-11-18 | ||
| DON'T BUY | Air Canada (B) | AC.B-T | 2.320 | He never owned this but preferred Westjet (WJA-T). The real challenge on this one is the slowing economy means fewer flyers. Will lose more money in the last quarter. | 2008-11-18 | ||
| BUY | ProSep Inc. | PRP-T | 0.170 | Growing. Earnings positive and cash flow positive. Great success year over year. | 2008-11-18 | ||
| TOP PICK | RuggedCom Inc. | RCM-T | 12.700 | Routers for Hydro substations. Makes US electrical system more intelligent, which new US government will like. 50% revenue growth year-over-year. Bookings up to 80%. Earnings up 200%. Gross margins are also up. | 2008-11-18 | ||
| BUY | Apple | AAPL-Q | 98.440 | Good seasonality and January/February is the time when these types of stocks tend to peak. Could see it at the $120-$125 level in January. The only challenge is, are people going to slow down their purchases of their products. | 2008-10-20 | ||
| DON'T BUY | American International Group | AIG-N | 2.310 | This is a broken company even after they sell some assets. There will be a lot of land mines as they go through the workout process. A day trader’s stock. | 2008-10-20 | ||
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| BUY | Bank of Montreal | BMO-T | 44.290 | Likes all the Canadian banks. Bank of Montreal (BMO-T), Toronto Dominion Bank (TD-T) and Royal Bank (RY-T) are all on a great playing field and will be able to acquire some good assets. | 2008-10-20 | ||
| DON'T BUY | Caterpillar | CAT-N | 40.900 | Two trends. Infrastructure and mining. No one is building real estate right now and with current metal prices, they are not being used in mines either. Wait for some further signs of an economic recovery. | 2008-10-20 | ||
| Comment | Canadian Oil Sands | COS-T | 31.320 | Any of the oil sands plays are probably a hold as long as oil is above $75 and above $90 will probably see a bounce up. If oil prices weakened, distribution could be affected. The high 16% yield indicates the market is betting there will be a distribution cut. | 2008-10-20 | ||
| Comment | Cisco | CSCO-Q | 18.960 | Microsoft (MSFT-Q), Cisco (CSCO-Q) and Intel (INTC-Q) are probably going to weather the downturn relatively well. They are all effectively utilities and have significantly free cash flows with little or no debt. | 2008-10-20 | ||
| DON'T BUY | General Motors Corporation | GM-N | 6.530 | Extremely negative on US autos. Out of the 3 players, he expects will be down to 2 next year and possibly 1. | 2008-10-20 | ||
| TOP PICK | Intel | INTC-Q | 16.040 | Have come out with a new kind of chip, which uses the latest kind of fabrication technology. The new category of computers called NetBooks or ultra notebook devices have Intel chips in them and cost only $250-$300 and are selling incredibly well. | 2008-10-20 | ||
| Comment | Microsoft | MSFT-Q | 24.720 | Microsoft (MSFT-Q), Cisco (CSCO-Q) and Intel (INTC-Q) are probably going to weather the downturn relatively well. They are all effectively utilities and have significantly free cash flows with little or no debt. | 2008-10-20 | ||
| STRONG BUY | Rogers Communcations (B) | RCI.B-T | 33.850 | Likes the company at this price. There are some concerns that with the wireless auctions that there will be some disruption of their model. Well run and generating tons of cash. | 2008-10-20 | ||
| TOP PICK | Research In Motion | RIM-T | 64.880 | Looks broken from a technical perspective. Have a lot of innovative products coming out. Have great vision. Likes the smart phone market they are in. | 2008-10-20 | ||
| BUY | Royal Bank | RY-T | 49.830 | Likes all the Canadian banks. Bank of Montreal (BMO-T), Toronto Dominion Bank (TD-T) and Royal Bank (RY-T) are all on a great playing field and will be able to acquire some good assets. | 2008-10-20 | ||
| BUY | Toronto Dominion | TD-T | 58.480 | Likes all the Canadian banks. Bank of Montreal (BMO-T), Toronto Dominion Bank (TD-T) and Royal Bank (RY-T) are all on a great playing field and will be able to acquire some good assets. | 2008-10-20 | ||
| BUY | Trans Canada Corp | TRP-T | 36.400 | If you think the market is going higher, this is a good stock to own. If you think it is going lower, it probably will not drop that far. Have some large Cap x’s they are planning so dividend increases could be a little slower than they have been historically. | 2008-10-20 | ||
| TOP PICK | RuggedCom Inc. | RCM-T | 11.250 | Manufacture routers for Hydro substations. Smart-grids is a huge infrastructure play and as electricity prices continue to go up, saving electrons is a good business. Anything under $10 is a screening buy and even the current price is good. | 2008-10-20 | ||
| HOLD | Agrium | AGU-T | 79.550 | Fertilizer stocks have been very turbulent lately. Wouldn't be surprised to see it fall off to the mid-$60's but would buy more at that time. Over the next 12 months, it could go back into the $90's. He continues to be optimistic on fertilizer stocks in general. Expecting food prices to stay high and continuing demand from India and China. | 2008-09-11 | ||
| Comment | BCE Inc. | BCE-T | 39.130 | Certainly the numbers make sense that theoretically you should be able to Buy this before the deal closes giving an annual 20% yield. He wouldn't do it. | 2008-09-11 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 42.670 | The real problem with this one is that they are barely covering the distribution and may have to borrow to do so. Cost of producing energy from the oil sands is very high. A little cautious on the oil sands plays in general. | 2008-09-11 | ||
| DON'T BUY | Loblaw Companies Ltd | L-T | 31.310 | He is currently short this company (but long the George Weston preferreds as a pair trade) in his hedge fund. He continues to be worried about the presence of Wal-Mart (WMT-N). They are continuously out of stock on a lot of items and it looks like the re-branding will cost more money. | 2008-09-11 | ||
| HOLD | Thomson Reuters Corp | TRI-T | 35.490 | You can buy this on the London exchange at a discount to the stocks on the NYS and TSX even after currency exchange. When the financial world finally turns around, this will be a great name to own but could take some time. | 2008-09-11 | ||
| TOP PICK | Westport Innovations | WPT-T | 13.090 | Converts diesel engines to natural gas. Diesel is more expensive than oil due to refining problems. Did a share consolidation to get on the NASDAQ and it really hurt the share price. | 2008-09-11 | ||
| HOLD | Absolute Software Corp. | ABT-T | 12.290 | Good business model and a lot of recurring revenues with some very strong partners. Small-cap tech stocks tend to be volatile. | 2008-09-11 | ||
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| DON'T BUY | Bell Aliant | BA-T | 26.990 | Good yield. He has seen some slightly distressing numbers in North America from telephone companies. DSL is starting to shrink indicating the phone companies are starting to lose customers. | 2008-09-11 | ||
| WEAK BUY | Timminco Ltd. | TIM-T (De-Liste | 11.650 | Lots of variables going on in this stock. A large Chinese manufacturer of solar cells expects a drop on solar cell prices. If the company’s technology genuinely works and they can produce silicon for solar cells at $15 a kilo they will make a lot of money. The real challenge is can they make large quantities at the same price. An interesting speculative play. | 2008-09-11 | ||
| TOP PICK | HBP Nymex Oil Bear+ ETF | HOD-T | 12.580 | Pair trade going long on both HBP Nymex Oil Bear (HOD-T) and HBP NYMEX Nat'l Gas Bull (HNU-T). Allows you to bet that the price of oil and the price of natural gas are going to narrow. A Short on crude and a Long on gas. (SEE Top Pick HNU-T) | 2008-09-11 | ||
| TOP PICK | Research In Motion Ltd. (US) | RIMM-Q | 109.320 | New product is about $300 cheaper than Blackberry. Proprietary battery technology, radio frequency technology and ability to work with secure e-mail synchronized is going to be interesting. Could get to $150 in Jan/Feb. Only trades at 20X next year's earnings. | 2008-09-11 | ||
| TOP PICK | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 12.170 | Pair trade going long on both HBP Nymex Oil Bear (HOD-T) and HBP NYMEX Nat'l Gas Bull (HNU-T). Allows you to bet that the price of oil and the price of natural gas are going to narrow. A Short on crude and a Long on gas. (SEE Top Pick HOD-T) | 2008-09-11 | ||
| Comment | Barrick Gold | ABX-T | 45.440 | Gold ought to be doing better than it is. It is failing to do so and that suggests that maybe it is not going to be the market's choice during inflation. | 2008-07-28 | ||
| BUY | Agrium | AGU-T | 86.800 | Prefers over Potash (POT-T) as they are having some minor labour difficulties. | 2008-07-28 | ||
| Comment | Aecon Group Inc | ARE-T | 14.170 | Infrastructure business is going to get hammered as the North American economy slows down. Well thought of company. There were concerns on individual contracts. Doesn't know what to recommend. | 2008-07-28 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 36.810 | Uranium prices went down when they were expected to go up. Seems to be some unusual speculation going on in the uranium market. The linkage with oil prices does not seem to be in place yet. | 2008-07-28 | ||
| Comment | Cisco | CSCO-Q | 21.980 | Love this company but it is a utility stock these days. Thinks there could be 50% in this stock if there is a sense that the global economy is doing better. | 2008-07-28 | ||
| DON'T BUY | Cemex SA | CX-N | 21.740 | Concrete manufacturer. Cut back on building foundations has decreased stock price. Would rather own a pure play in infrastructure such as Aecon Group (ARE-T), Stantec (STN-T) or SNC Lavalin (SNC-T). Could drop another $5. | 2008-07-28 | ||
| BUY | Encana Corp | ECA-T | 74.970 | (Market Call Minute.) Nice play. Likes the way they are splitting the company up. Nice exposure to new sources of oil/gas. | 2008-07-28 | ||
| DON'T BUY | General Electric | GE-N | 27.690 | Cheap, but is concerned that it will get cheaper. Green tech exposure (wind turbines) is only about 20% of revenues. Restructuring and getting rid of their appliance division. At least 50% of the company and more than half the profit is from their finance division and this is not the time to own finances. | 2008-07-28 | ||
| Comment | Goldcorp Inc | G-T | 41.970 | Gold ought to be doing better than it is. It is failing to do so and that suggests that maybe it is not going to be the market's choice during inflation. | 2008-07-28 | ||
| SELL | JDS Uniphase | JDU-T | 11.040 | The challenge is do they make enough money from the parts they sell into the fibre networks. History is not that good. Margins remain under pressure. Not cheap. | 2008-07-28 | ||
| PAST TOP SHORT | Loblaw Companies Ltd | L-T | 28.910 | (A Top Short April 25/08. Down 0.05%.)Pairs trade. Went Long George Weston preferreds (WN.PR.A-T) and Short Loblaws (L-T). Still likes for the next year. | 2008-07-28 | ||
| BUY | PepsiCo | PEP-N | 66.710 | Stock has dropped almost 25%. International exposure. Long-term brand. | 2008-07-28 | ||
| Comment | Royal Bank | RY-T | 43.720 | Well run bank. If the US financials turnaround, the Canadian banks will start to recover. | 2008-07-28 | ||
| BUY | Shaw Communication (B) | SJR.B-T | 21.960 | Likes this one, but not quite as much as Rogers (RCI.B-T). Have a piece of the Spectrum auction giving them some ability to go wireless. Very profitable. | 2008-07-28 | ||
| BUY | Suncor Energy Inc | SU-T | 54.600 | (Market Call Minute.) Great exposure to the oil sands. Just got an environmental permit and will be able to produce more out of the oil sands. | 2008-07-28 | ||
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| Comment | Teva Pharmaceutical | TEVA-Q | 45.770 | Global pharmaceutical. In a trading range for almost a year. Not a particularly high R & D industry. A lot of generics. It might add a lot of stability to a portfolio. Prefers Johnson & Johnson (JNJ-N). | 2008-07-28 |
