Rss Top Picks FeedRss Daily Feed| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
| There are 3 registered members and 43 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Gavin Graham of Graham Investment Strategy |
|---|
| Comment | Alcoa | AA-N | 9.800 | (Market Call Minute.) Reported reasonable earnings. If you are comfortable there will be a recovery in the 2nd half of the year, this is a good economic bellwether. | 2012-01-13 | ||
| DON'T BUY | Agnico-Eagle Mines | AEM-T | 37.880 | Big drop when they announced the closing of Goldex, one of their Quebec mines. (He sold his holdings for tax loss.) A low cost producer. Still believes management will deliver. If they bring out some good news on Goldex, there may well be a big rebound. Until then, it will be dead money | 2012-01-13 | ||
| TOP PICK | Bank of Nova Scotia | BNS-T | 52.070 | "The" international Cdn bank. Over a third of its earnings out of Latin America and Asia. Just acquired the 5th biggest bank in Colombia for $1 billion. Lowest cost in terms of expense ratios. Raised its dividend 6%. | 2012-01-13 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 37.910 | Very well run and a quality stock. Has moved from being gas oriented to a good, well diversified exploration/production story. Good for a long-term hold. | 2012-01-13 | ||
| HOLD | Canadian Pacific Rail | CP-T | 70.770 | Possible new CEO who made Canadian National (CNR-T) the most efficient railroad in North America with the lowest expense ratio. (This one has the highest, which is somewhat due to geography through the Rockies.) | 2012-01-13 | ||
| TOP PICK | Diageo PLC | DEO-N | 85.320 | Holds many famous liquor brands. A third of its earnings are from emerging markets want to get to 50% in the next few years. Decent growth in sales and Operating Cash Flow of about 5% for the year through June. Raised its dividend 6%. 5% yield. | 2012-01-13 | ||
| HOLD | Enerplus Corp | ERF-T | 25.120 | A former income trust. You need to be comfortable with the outlook for oil/gas. Doesn't have the same management pedigree as someone like Canadian Natural Resources (CNQ-T) but it is a very competent management. | 2012-01-13 | ||
| DON'T BUY | Corning Inc | GLW-N | 14.000 | Capital equipment manufacturer and tech companies are all saying that demand is definitely diminishing, especially in Europe where both governments and corporations are cutting back. | 2012-01-13 | ||
| DON'T BUY | Goldman Sachs | GS-N | 98.960 | Reporting next week. Just barely above where it was at the time of the credit crisis. Outlook for its market making activity and its volume of trade is not good. | 2012-01-13 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 46.450 | (A Top Pick Feb 7/11. Up 13.82%.) Has growth in production for the new mines they have coming on in Chile, Argentina and Dominican Republic. Growing from 2.5 million ounces to 4.2 million by 2016. At effectively linked it dividend be a falling comment | 2012-01-13 | ||
| PAST TOP PICK | H&R Real Estate Inv Trust | HR.UN-T | 23.420 | (A Top Pick Feb 7/11. Up 17.97%.) All of the REITs have done well. Diversified between office, industrial and retail. | 2012-01-13 | ||
| HOLD | Proctor & Gamble | PG-N | 65.810 | Provides a pretty decent dividend at 2.1%. Hasn't grown much over the last few years but it hasn't lost you money. It's a nice play on rising living standards in emerging markets. | 2012-01-13 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 45.800 | Have been mothballing some production and farmers have been holding off on buying. However farmers cannot not fertilize fields. Expect to see a fall off in profitability in the short term, but longer term (18 months to 2 years) it will grow very nicely. | 2012-01-13 | ||
| Comment | Sunlife Financial | SLF-T | 20.050 | Down substantially from 3 years ago. Lifecos have been in the worst possible circumstances with the market being down in assets that have to back their life insurance with as well as yields being very low. If you believe bond yields will be higher by the end of the year (he is), lifecos appear to be a fairly good place to be. | 2012-01-13 | ||
| BUY | Teck Resources Ltd. (B) | TCK.B-T | 39.350 | (Market Call Minute.) Nice wide variety of different materials as well as coal. Making higher lows. | 2012-01-13 | ||
| HOLD | Wells Fargo | WFC-N | 29.610 | As with all of the “too big to fail” US banks, you have to be concerned as to the outlook for the US housing market. Well run bank, but is still dependent on the housing market. Longer-term it will be a survivor. | 2012-01-13 | ||
| Comment | Westpac Banking Corp | WBK-N | 106.430 | One of the big 4 Australian banks. A leveraged play on the Chinese economy. The real problem with the Australian Banks is Australian housing did not suffer a meltdown in 2007-2008 so there is a lot of worry that it is overextended. A risky play and the 8.03% dividend would be one of the things that could suffer. | 2012-01-13 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. He favours large blue-chip stocks. The only developed market that was positive last year was the Dow Jones, which effectively are large blue-chip companies with decent balance sheets. If you had stuck with these, you would have outperformed last year. | 2012-01-13 | ||
| DON'T BUY | Telefonica S.A. | TEF-N | 16.960 | If you are looking for a company with better fundamentals in terms of a growing phone market as opposed to one that is already saturated with Telefonica’s hand market in Spain, buying its subsidiary in Brazil makes better sense. | 2012-01-13 | ||
|
| |||||||
| BUY | Ag Growth International Inc | AFN-T | 35.570 | Farm machinery such as grain dryers, corn bins and movable conveyor belts. There are not many agricultural plays apart from the obvious ones. Earning good returns. 6.6% yield. They continue to buy tuck-in acquisitions, which will give them growth over time. | 2012-01-13 | ||
| DON'T BUY | NYSE Group | NYX-N | 26.750 | (Market Call Minute.) Is the European deal dead? Looks like it will have difficulty getting through. Don’t Buy as you don’t know if the deal is going to go through. | 2012-01-13 | ||
| DON'T BUY | Neo Material Technologies Inc. | NEM-T | 7.960 | Rare earths from large dumps of abandoned material. Great way to play a long time growth story. Hasn’t done a lot over the last year. Good business model and well run. Wouldn’t be too aggressive on this at the moment. | 2012-01-13 | ||
| TOP PICK | Energold Drilling Corp. | EGD-X | 4.770 | Manufacture mining drill rigs. Just acquired a small oil/gas drilling business, mostly in the US. Of the 126 drills they have, almost all of them are gold drilling. Meters they have drilled has gone from 240,000 to 450,000 in the 9 months to September. Earnings have exploded. Put all their cash flow into building new rigs. $25 million cash in the balance sheet. | 2012-01-13 | ||
| PAST TOP PICK | Petroleo Bras Sa Petro | PBR-N | 28.360 | (A Top Pick Feb 7/11. Down 19.71%.) Has been affected by the pull back in oil/gas prices, but also had difficulty in getting their big discovery out from offshore Brazil. Cost estimates have continued to skyrocket. | 2012-01-13 | ||
| SELL | Sears Holdings Corp. | SHLD-Q | 33.560 | (Market Call Minute.) Losing market share. Same store sales growth is going ballistic on the downside. | 2012-01-13 | ||
| DON'T BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 5.390 | (Market Call Minute.) NYMEX Nat'l Gas Bull+. Gas is less than $3 a million cubic feet and it looks likely to continue. | 2012-01-13 | ||
| Comment | Baker-Hughes | BHI-N | 47.940 | All the oil field services companies have been affected by what is happening with the price of oil, but it shouldn’t because it is costing more to get the oil out. 18% margins in North America and these are going up gradually. This is a very good, lower risk way of playing the energy sector. | 2011-12-28 | ||
| PAST TOP PICK | Cameco Corporation | CCO-T | 17.780 | (A Top Pick Dec 17/10. Down 54.58%.) This was based on the continuing growth of nuclear power. Hit by the Japanese disaster. Demand from emerging markets is still there. | 2011-12-28 | ||
| BUY | Canadian Oil Sands | COS-T | 22.450 | Cut their payout last year because of a bigger than expected capital expenditure. Gives a reasonable 4.5% yield. Owns 36.7% of Syncrude. Possibility that Chinese could be interested. | 2011-12-28 | ||
| Comment | Empire Company (A) | EMP.A-T | 57.730 | Recently acquired Shell gas stations in Atlantic Canada, which is a good fit. Compared to Loblaws (L-T), this has been a big success story. | 2011-12-28 | ||
| TOP PICK | Goldcorp Inc | G-T | 43.560 | 2nd largest North American gold producer. Has a bunch of mines in particularly stable countries in the Americas. Will be doing 2.25-2.5 million ounces. Now has its dividend policy linked to the price of gold. Has about 1.3% yield. | 2011-12-28 | ||
| Comment | Hewlett-Packard Co | HPQ-N | 25.200 | Has lots of cash. Had a change of management which means you may have a team that is now focused on returning value to shareholders. They may spin of their printing operation, use some of the cash to buy back shares, issue a special dividend, etc. A lot of the cash is overseas and if they bring it back into the US, they have to pay the top marginal corporate tax rates. There may be other large cap tech stocks that are better to look at such as Microsoft (MSFT-Q) or Intel (INTC-Q). | 2011-12-28 | ||
| BUY | Intel | INTC-Q | 24.225 | Very reasonable dividend yield. This is the company that provides the engine for the whole PC operating business. Continues to produce cash flow out of its ears. Rock solid balance sheet and lots of international exposure. | 2011-12-28 | ||
| DON'T BUY | Research In Motion | RIM-T | 14.640 | This is a bet in the sense that it is trying to change technology which is the most difficult thing to do in technology. Managements’ track record has not been good. | 2011-12-28 | ||
| HOLD | Suncor Energy Inc | SU-T | 28.560 | Oil stocks are near their 52 week lows when oil is at about $100. What happens if oil goes lower? Stock prices are already reflecting the oil price backing off as people don’t believe oil can stay up. If oil stays at current levels, then oil stocks are really cheap. This is one of the better managed integrated oil companies. | 2011-12-28 | ||
| HOLD | Thomson Reuters Corp | TRI-T | 26.600 | Major problem has been the losing of market share to people like Bloomberg but secondly the financial market, which is a very big part of their market, has been hit with all the banks, etc cutting back so they don’t need as many screens. Good balance sheet and pays a reasonable dividend. Wait to see if they’ve got the bugs ironed out on their Icon system. | 2011-12-28 | ||
| BUY | Vodafone Group PLC | VOD-Q | 27.410 | Royal Dutch Shell (RDS.A-N) Vodaphone (VOD-Q)? Both are likely to do OK for you over time. This is one of the leading global phone companies with a very decent yield but which will probably get reduced over time as they have not been getting regular dividend as a shareholder in Verizon (VZ-N). | 2011-12-28 | ||
| Comment | Wells Fargo | WFC-N | 27.110 | One of the few US banks that is fairly close to where it was pre-2008-2009 crisis. One of the better conservatively managed banks. It is in the “too big to fail” category. | 2011-12-28 | ||
| SELL | Yellow Media Inc | YLO-T | 0.170 | A Tax Loss Selling situation. If you think it is coming back you can buy it back after 31 days. | 2011-12-28 | ||
|
| |||||||
| PAST TOP PICK | ICICI Bank Ltd. | IBN-N | 25.980 | (A Top Pick Dec 17/10. Down 46.47%.) India went down 25% and Indian financials, which were affected by the Reserve Bank of India continuing to increase interest rates and reserve requirements. This is still an excellent way to play the rise India’s middle class. | 2011-12-28 | ||
| BUY | Royal Dutch Shell PLC (A) | RDS.A-N | 72.220 | Royal Dutch Shell (RDS.A-N) Vodaphone (VOD-Q)? Both are likely to do OK for you over time. Good dividend. This would be the more stable one of the two. | 2011-12-28 | ||
| TOP PICK | Brookfield Asset Management (A) | BAM.A-T | 27.670 | The holding company for the Brookfield group. It owns Brookfield Properties (BPO-N), Brookfield Properties in Canada (BPO-T) plus Brookfield Renewable Energy (BEP.UN-T). Great play on inflation assets and is down 18% over the last year. 1.9% dividend, which they may raise. | 2011-12-28 | ||
| Comment | Veolia Environnement | VE-N | 10.530 | Just did a complete reversal from a massive empire building by the previous management. This is probably a good thing but the dividend has now been cut. New management is on trial for the future. | 2011-12-28 | ||
| Comment | Annaly Capital Management Inc. | NLY-N | 16.110 | A specialized mortgage investment/finance company. They buy good quality mortgages using a spread to leverage and paying that out as a dividend. If you think the US mortgage business is going to continue to chug along, the dividend is probably sustainable. The high dividend is probably a sign that the market is expecting a cut in the dividend. | 2011-12-28 | ||
| TOP PICK | Genworth MI Canada Inc. | MIC-T | 20.080 | (A Top Pick Dec 17/10. Down 18.95%.) A mortgage insurer. Has 30% of the market with CHMC having the other 70%. Very defensive way to play Canadian housing. Just raised their dividend another 17% and paid out a $0.50 special dividend. | 2011-12-28 | ||
| HOLD | Bombardier Inc (B) | BBD.B-T | 4.110 | Cyclical stock. People are buying fewer planes, especially things like private jets. They seem to be getting orders for the C100 finally. It is a necessity to replace the aging fleets. | 2011-11-18 | ||
| PAST TOP PICK | Bank of Nova Scotia | BNS-T | 49.890 | (A Top Pick Oct 29/10. Down 6.1%.) Just acquired the 5th largest bank in Colombia. A third of its earnings are from outside of Canada now. | 2011-11-18 | ||
| BUY | BP PLC | BP-N | 42.480 | Had an excellent 3rd quarter. Dividend is almost 4% and is sustainable. There is now a much greater focus on the efficient use of assets. Fairly reasonably priced. | 2011-11-18 | ||
| BUY | CAE Inc | CAE-T | 9.520 | You have to be aware that this is a lagging business in that you order the planes and then you order the simulators to train the pilots. Rise in airplane orders in the last few years will not create a rise in simulator orders for the next 1-2 years. It will be a good longer-term business. | 2011-11-18 | ||
| PAST TOP PICK | Canadian National R.R. | CNR-T | 80.020 | (A Top Pick Oct 29/10. Up 22.83%.) Still likes. Q3 showed an increase in volumes. | 2011-11-18 | ||
| Comment | Encana Corp | ECA-T | 19.960 | The major problem is that they made a bet on gas before the shale gas explosion in supply occurred. They will get their act together and gas will be worthwhile. | 2011-11-18 | ||
| TOP PICK | Goldcorp Inc | G-T | 51.890 | 2nd biggest gold company in Canada. In jurisdictions that are favourable to mining. 2.5 million ounces. Just got approval for the new Elinor (?) mine that will be coming online in 3 years in Québec giving a next or 600,000 ounces. | 2011-11-18 | ||
| TOP PICK | H&R Real Estate Inv Trust | HR.UN-T | 22.480 | Built the Bow office building in Calgary and hadn't locked in the tenant before the financial crisis hit. Raising its dividend by $.20 over the next year. | 2011-11-18 | ||
| HOLD | Manitoba Telecom Services | MBT-T | 28.500 | Cut the dividend so it is probably now sustainable. Have some interesting growth including the Internet TV business. Someone may take them out. | 2011-11-18 | ||
| DON'T BUY | McDonalds | MCD-N | 92.740 | Has done exceptionally well. New CEO has really made a difference not just going for growth but by expanding margins. Stock price has already reflected most of the good news. Difficult to see them having as good another 5 years as they have had. | 2011-11-18 | ||
| DON'T BUY | Research In Motion | RIM-T | 18.760 | Selling less than BV but until the management demonstrates an obligation to migrate from BlackBerry to the next generation on a timely basis it might give them a place. | 2011-11-18 | ||
| BUY | Sunlife Financial | SLF-T | 20.060 | Very conservatively run. Doesn't expect the 7% dividend will be cut. If you don't think bond yields will go down further and in 5 years, bond yields and equity markets will both be higher his company's position will look better. | 2011-11-18 | ||
| Comment | Viterra Inc | VT-T | 10.000 | This is an agricultural play. Demand for higher protein diets continues to grow from emerging markets. Price-to-earnings or price-to-cash flow is a reasonable way to value this company. Be aware that it is cyclical as it is a commodity play. Both geographically and seasonably diversified. | 2011-11-18 | ||
| HOLD | Thomson Reuters Corp | TRI-T | 27.950 | Has been a perennial disappointment. The Thomson Reuters merger worked out pretty well. Very strong positions in legal publishing, etc. 4.5% dividend. | 2011-11-18 | ||
|
| |||||||
| BUY | Vodafone Group PLC | VOD-Q | 26.960 | Owns 45% of Verizon (VZ-N) and they get a special dividend. They need to do something about Verizon. A more sustainable dividend. | 2011-11-18 | ||
| PAST TOP PICK | China Life Insurance | LFC-N | 38.690 | (A Top Pick Oct 29/10. Down 40.04%.) China life-insurance company. Been affected the same as Canadian lifecos. | 2011-11-18 | ||
| HOLD | SAP AG ADR | SAP-N | 58.560 | A tech stock that happens to be headquartered in Europe but they are multinational. The majority of their earnings are from outside the euro zone. Excellently run company. | 2011-11-18 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Allocation of money for the next 5 years? You always want some fixed income, which is not correlated with stocks. Preferred shares are very sensible because you get the tax break. You would also want some good corporate bonds as well as provincial. Also dividend paying stocks from companies with good balance sheets. | 2011-11-18 | ||
| BUY | Telefonica S.A. | TEF-N | 18.740 | Possible the 11.25% dividend could be cut but you would still have probably 5%. You have to believe that emerging market exposure is enough to offset downturn in its major markets such as Spain. Latin America looks pretty good. It's at the bottom of its range and you probably won't be hurt too badly. | 2011-11-18 | ||
| BUY | Royal Dutch Shell PLC (A) | RDS.A-N | 69.600 | One of the majors and one that has executed pretty successfully. It obviously depends on what happens to oil prices. Have made a big bet on gas, especially LNG out of the Persian Gulf. Demand for oil continues to grow. 3.5% yield. | 2011-11-18 | ||
| TOP PICK | Loews Corp | L-N | 38.180 | Have a lot of the same businesses that Warren Buffett does including insurance, pipelines, offshore oil rigs and hotels. Sells at discount to NAV. | 2011-11-18 | ||
| BUY | Progressive Waste Solutions Inc | BIN-T | 21.990 | Budget cuts in the US operations? Pretty safe as you keep on getting 2%-3% increases in the fees for collecting trash. Some economic sensitivity, especially in the US. If construction and housing are down a lot, as they had been, their volumes are down. Acquired a big operation in St. Louis this year. | 2011-09-29 | ||
| Comment | Bank of Montreal | BMO-T | 58.940 | All Canadian banks stand to be affected in the event of a Greek default but direct exposure to Canadian banks is minimal. If you are going to be in any banks in the developed world, Canadian banks are the ones to be in . | 2011-09-29 | ||
| TOP PICK | Berkshire Hathaway Inc. (B) | BRK.B-N | 72.710 | Buying back shares up to 110% of BV. Mr. Buffett has not lost his skill to do deals. 6% yield. Warren Buffet likes this, you should to. | 2011-09-29 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 31.520 | Excellent company. Gassy so can be vulnerable to the oversupply of North American gas. One of the major exploration and production companies. | 2011-09-29 | ||
| BUY | Canadian National R.R. | CNR-T | 70.980 | If you are going to play any rail stocks, this is the one you would play. Most efficient operator. Has the lowest operation ratio, lowest ratio of costs to revenues. Continues to execute extremely well. | 2011-09-29 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 20.670 | (A Top Pick Sept 16/10. Down 18.65%.) Has it is a Buy recommendation in his Income Investor. Cut the dividend by 60% as they were going to be doing a big capital investment program so share price got knocked down. Have now raised the dividend by 20%. | 2011-09-29 | ||
| BUY | Brookfield Renewable Energy | BEP.UN-T | 25.810 | Is well on to new highs because they had been adding lots of new Hydro facilities. If you believe in renewable, hydro is the one renewable, which virtually works the entire time unless water levels are low. Reasonable yield at 5%. | 2011-09-29 | ||
| DON'T BUY | Hewlett-Packard Co | HPQ-N | 23.780 | As been in a trading range over the last 5 years with the exception of this most recent selloff where it has broken down through the bottom of the 2008-2009 low. Just fired its new CEO. Marvellous example of a dysfunctional company. | 2011-09-29 | ||
| HOLD | Manulife Financial | MFC-T | 12.300 | This has been the perfect storm for insurance companies. With floating stock markets, their assets have become worth less. Also as interest rates go down, the value of your liabilities goes up. There will be substantial recovery when the market improves. Undervalued. | 2011-09-29 | ||
| TOP PICK | Newmont Mining (US) | NEM-N | 62.520 | Have linked their dividend to the price of gold. Dividend has gone up 100% over the last year. 2nd largest gold stock in North America. You get direct exposure to the price of gold through their dividend policy. | 2011-09-29 | ||
| Comment | Power Financial Corp | PWF-T | 25.530 | Has been a Top Pick several times over the last 5 years but has been a disappointment as it’s off 25% over the last 5 years even though it raised the dividend for 3 of those 5 years. It owns Mackenzie Funds, Great West Life (GWO-T) and IGM Financial (IGM-T). Once financials improve, you'll see this reflected in this company. 5% yield. | 2011-09-29 | ||
| TOP PICK | Canadian Real Estate Investment | REF.UN-T | 35.300 | 2nd largest diversified REIT. Industrial, retail and office. Most conservatively managed in that it has almost the lowest debt to capital and lowest payout ratio. 4% yield. | 2011-09-29 | ||
| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 20.940 | (A Top Pick Sept 16/10. Down 1.29%.) Still has it as a recommendation as a Hold in his letter. Very decent dividend. Cash flow generation is good. | 2011-09-29 | ||
|
| |||||||
| Comment | Suncor Energy Inc | SU-T | 27.710 | One of the best managed integrated oil companies in North America. Down about 50% from early March as it is regarded as a play on economic growth. Bas big oil sands exposure and people worry if oil price is going to be lower margins will be squeezed. If you are comfortable that oil prices are going to stay around $80-$90, this is not a bad buy. | 2011-09-29 | ||
| BUY | Viterra Inc | VT-T | 10.420 | This is a play on rising living standards and agriculture consumption in emerging markets. Has done some geographical expansion by buying Australian assets. | 2011-09-29 | ||
| BUY | Toronto Dominion | TD-T | 75.000 | 4th quarter for Canadian banks? If there is a weakening in the Cdn$ to $0.93, this would be helpful in reporting their profits as over half of their branches are in the US. Have increased their dividend twice in the last year. US operation is working out well. Canadian banks, as a whole, are going to have a weaker quarter on their capital markets because of our slide. | 2011-09-29 | ||
| Comment | Crescent Point Energy Corp | CPG-T | 39.110 | Oil/gas. Exceptionally well-managed. Suffers when the price of oil goes down a lot. Dividend is as safe as the oil price will permit. | 2011-09-29 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. We are off 7%-10% just in the last month, down more than 20% in Toronto, US, Europe, Japan so we are officially in bear market territory already. The downside from here is probably another 5%-15% so maybe we end up losing a quarter to a third. When the Europeans do their QE2 and maybe when we get QE3 from the US, maybe we’ll get a turnaround. | 2011-09-29 | ||
| PAST TOP PICK | Ag Growth International Inc | AFN-T | 38.270 | (A Top Pick Sept 16/10. Up 3.72%.) An agriculture play with grain bins, dryers and portable conveyor belts. Expanding globally. Still likes it. | 2011-09-29 | ||
| HOLD | Royal Dutch Shell PLC (A) | RDS.A-N | 62.960 | Has a big play on gas. Doing a liquefied natural gas in Qatar. Also looking for gas in North America as a major long-term play. Very decent yield. | 2011-09-29 | ||
| BUY | Osisko Exploration Ltd. | OSK-T | 13.010 | Now that the gold mine is producing, it is a question of who buys them out. A world-class resource in a political stable jurisdiction. If you're comfortable that gold prices are going to be in the $1400-$1500 this will be a very successful and profitable company. | 2011-09-29 | ||
| BUY | Nestles | NESN-SIX | 0.001 | (Swiss Exchange) Good long-term hold. The ultimate long-term growth play in emerging markets. Pays a decent dividend. | 2011-09-29 | ||
| BUY | Jardine Matheson | JM-SP | 0.010 | (Singapore exchange) Effectively a conglomerate. Have stakes in things like Hong Kong Land Property, Dairy Farm. Good longer-term lay on growth rising Asian incomes. Reasonable dividend. | 2011-09-29 | ||
| BUY | BG Group | BG-LSE | 0.010 | (London stock exchange.) Oil/gas. This is the way to play the Brazilian oil fields. Found enormous fields off Brazil. Has done exceptionally well on a long-term basis. | 2011-09-29 | ||
| DON'T BUY | Bank of America | BAC-N | 6.980 | Some major US investors have invested heavily and are saying this bank is OK. Too big to fail. Question is, what dilution will a minority shareholder get if they need to inject more capital. You are better off with a Canadian bank. | 2011-09-09 | ||
| Comment | Canadian Natural Rsrcs | CNQ-T | 34.150 | One of the larger and better managed of the exploration/production companies. Has a little yield. Good holding. | 2011-09-09 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 22.350 | (A Top Pick Sept 16/10. Down 9.5%.) Reduced their payout in order to have more capital investment. 5% yield. | 2011-09-09 | ||
| Comment | Eastman Kodak | EK-N (Dead) | 2.870 | View based on their patent portfolio? Depends on the values of these patents. If they can be monetized, there could be some value. | 2011-09-09 | ||
| DON'T BUY | Ford Motor | F-N | 10.050 | Depends on your views of the North American economies. Demand for light vehicles rose from 2009 but has now come off again. Although the best managed of the big 3, it could still drop further. | 2011-09-09 | ||
| TOP PICK | Fortune Brands Home & Security | FBHS-N | 55.040 | Primarily a drink company (bourbon)but also had other companies that it sold for about $1 billion as well as spinning off some others to shareholders. This will give clarity to their value. Could be acquired by a major company. | 2011-09-09 | ||
| TOP PICK | Goldcorp Inc | G-T | 54.910 | Lost about a quarter of a million ounces this year because of rain in the Dominican Republic and wild fires. Should come back in next year. Well diversified suite of assets globally in politically stable countries. | 2011-09-09 | ||
| PAST TOP PICK | Shaw Communication (B) | SJR.B-T | 21.500 | (A Top Pick Sept 16/10. Up 1.6%.) Failure to expand into wireless could be seen as a pretty smart move in a little while. Still recommends. | 2011-09-09 | ||
| Comment | Sherritt International Corp. | S-T | 5.040 | Play on Cuban nickel as well as a play on coal and oil. Have a big mine in Madagascar which may or may not get completed. A play on global growth. If you are concerned about global growth, this is not one you want to be in. Not much dividend support. | 2011-09-09 | ||
|
| |||||||
| HOLD | Suncor Energy Inc | SU-T | 29.450 | Buy stocks on “Peak Oil” theories”? Don’t buy stocks based on this theory. Buy on demand, which is going to be there. Also buy on the basic fundamentals of companies. This one hasn’t been a great investment over the last few years | 2011-09-09 |
