| DON'T BUY | | Teck Cominco Ltd. (B) | TCK.B-T | 34.320 | A good resource play. Good conglomorate giving morfe downturn protection, but can limit your upside. Would prefer an Alcan or Inco. Would buy in the mid $20's. | 2004-11-22 | |
| BUY | | Dofasco | DFS-T | 41.300 | Auto sector accounts for a large portion of their revenue. One of the better managed steel companies in Canada. 3% yield. | 2004-11-22 | |
| TOP PICK | | Loblaws | L-T | 69.920 | Well managed. Great track record of 15 to 20% earnings growth. Pays a dividend of 20/25% of earnings. | 2004-11-22 | |
| WEAK BUY | | Sunlife Financial | SLF-T | 39.000 | Has a lower return on equity than Great West or Manulife so prefers these. | 2004-11-22 | |
| BUY | | Great West Lifeco | GWO-T | 26.250 | Prefers over Sun Life. Greater growth potential. | 2004-11-22 | |
| WEAK BUY | | Canadian Natural Rsrcs | CNQ-T | 49.000 | Likes to value at about 4/5 X cash flow. Well managed. The CAPX for their Horizon project has increased substantially. | 2004-11-22 | |
| BUY | | Research In Motion | RIM-T | 102.250 | Has been treating as a trading stock. Sometimes the stock drops for no reason, so it creates a buying opportunity. Has been growing its earnings at 100% year over year. | 2004-11-22 | |
| BUY | | Petro-Can | PCA-T | 65.620 | Terra Nova oil spill was not a huge amount, so stock didn't take a big drop. Well managed. | 2004-11-22 | |
| TOP PICK | | Wal-Mart Stores Inc. | WMT-N | 55.680 | Well managed. Growing their earnings. Last quarter was $0.54 versus $0.46. Typically traded at 30 to 40 X earnings, but is now under 20 X earnings. | 2004-11-22 | |
| BUY | | Talisman Energy | TLM-T | 31.350 | Well managed. Good global assets. No longer in the Sudan. | 2004-11-22 | |
| BUY | | Manitoba Telecom Services | MBT-T | 46.490 | 5.6% yield. Should give you a 22/23% total return. | 2004-11-22 | |
| BUY | | Toronto Dominion | TD-T | 45.450 | Q: Is overweighting banks rather than holding cash a good strategy? A: Works well over a 3/5 year time horizon. | 2004-09-03 | |
| DON'T BUY | | Royal Bank | RY-T | 58.950 | Q: Is overweighting banks rather than holding cash a good strategy? A: Works well over a 3/5 year time horizon. 3rd quarter was worse than expected and costs were starting to go up. | 2004-09-03 | |
| BUY | | Bank of Montreal | BMO-T | 53.810 | Q: Is overweighting banks rather than holding cash a good strategy? A: Works well over a 3/5 year time horizon. 3rd quarter was better than expected. | 2004-09-03 | |
| BUY | | Bank of Nova Scotia | BNS-T | 36.010 | Q: Is overweighting banks rather than holding cash a good strategy? A: Works well over a 3/5 year time horizon. | 2004-09-03 | |
| TOP PICK | | Pfizer Inc | PFE-N | 32.550 | Best U.S. drug company. They have new products that were just introduced. Own Lipridor, the largest drug. | 2004-09-03 | |
| TOP PICK | | Rona Inc | RON-T | 31.190 | Excellant growth rate. In the second quarter earnings went up 75%. Largest Canadian hardware company. | 2004-09-03 | |
| TOP PICK | | Canadian Imperial Bank of Commerce | CM-T | 66.300 | Q: Is overweighting banks rather than cash a good strategy? A: Works well over a 3/5 year time horizon. 3rd quarter earnings were better than expected. The bank with the most earnings growth potential for next 2 years. | 2004-09-03 | |
| BUY | | Sleeman | ALE-T | 14.630 | Excellent long term earnings growth record. | 2004-09-03 | |
| DON'T BUY | | Bombardier Inc (B) | BBD.B-T | 3.000 | They were profitable last quarter, but barely. They will turn around but will take time and may not be soon. | 2004-09-03 | |
| WEAK BUY | | Ivanhoe Mines | IVN-T | 5.400 | Huge deposit in Mongolia. Company is looking for a new partner. Will find it because the company has a good relationship with China and Mongolia. | 2004-09-03 | |
| BUY | | Shoppers Drug Mart Corp | SC-T | 34.680 | 20% earnings growth. Uses a 22/24 multiple for calculating. Prescription market was up about 11% which gives good margins. | 2004-09-03 | |
| DON'T BUY | | Coolbrands (A) Sold to Nestle | COB.A-T | 8.850 | Stock was trashed a few weeks ago on the loss of the Weight Watchers contract. Earnings were disappointing before the loss of the contract. | 2004-09-03 | |
| BUY | | Manitoba Telecom Services | MBT-T | 42.120 | Good stock. Bought on them becoming an income trust which did not happen but have increased the dividend. | 2004-09-03 | |
| BUY | | Alcan Aluminum | AL-T | 58.000 | Well managed. Cyclical and trades between $55/65 at $0.75/0.78 aluminum. | 2004-09-03 | |
| HOLD | | Canadian Tire Corporation Ltd | CTC-T | 47.670 | Well known company. Does not have a stable growth rate and can be lumpy. Uses a multiple of 14. | 2004-09-03 | |
| BUY | | Kinross Gold | K-T | 7.620 | Overall it is a good well managed company. Company has grown from small cap to mid/large cap gold company. Has some good high grade properties, but some that are less so. | 2004-09-03 | |
| BUY | | CGI Group (A) | GIB.A-T | 8.500 | Report states they have 13 billion in back orders. Good little company. Well managed company. | 2004-09-03 | |
| BUY | | ATI Technologies | ATY-T | 18.060 | New CEO will improve the company. | 2004-09-03 | |
| BUY | | Encana Corp | ECA-T | 54.600 | Largest independent North America oil gas producer. Likes some of their assets very much. | 2004-09-03 | |
| WAIT | | Nortel | NT-T | 4.740 | Company has put out an another update on earnings and you have to wait until you can put a multiple on them. | 2004-09-03 | |
| BUY | | Canadian Natural Rsrcs | CNQ-T | 44.400 | More upside in the company. Very well managed company. | 2004-09-03 | |
| WEAK BUY | | Newmont Mining | NMC-T | 56.900 | Largest gold-mine producer in the world. Good company. A little over priced. | 2004-09-03 | |
| DON'T BUY | | Cameco Corporation | CCO-T | 88.950 | Likes the company, but they've had a pretty big run-up. Expensive now. | 2004-09-03 | |
| VAGUE | | Bank of Nova Scotia | BNS-T | 35.680 | Banks are looking fairly cheap. Trading at 2 1/2 X book value. Probably not much upside potential from a merger perspective. | 2004-06-15 | |
| BUY | | Canadian Pacific Ships | TEU-T | 24.200 | Looking for a target of 12 X earnings. Just reported a good quarter which was the best since they became public. Volumes and freight rates are increasing. Economically dependent on North America. | 2004-06-15 | |
| TOP PICK | | Toronto Dominion | TD-T | 44.870 | Good management. Recent quarters have been showing improvement on some of their key ratios. Reversing some of their loan-loss provisions. | 2004-06-15 | |
| BUY | | Sleeman | ALE-T | 12.500 | Doing well with new products. Likes this company. | 2004-06-15 | |
| WEAK BUY | | Research In Motion | RIM-T | 78.050 | A very volatile stock. Have had three quarters of good profits. Based on an earnings estimate of 30 X gives a mid $80's target. Still a lawsuit outstanding. Treat as a trader when it corrects. | 2004-06-15 | |
| BUY | | Petro-Can | PCA-T | 58.150 | Very good, solid company. Made a good acquisition which got them into the North Sea. | 2004-06-15 | |
| TOP PICK | | Harley Davidson | HOG-N | 61.210 | 18 consecutive years of record revenue and earnings. Has grown its earnings at 20% plus over the last 10 years each year except for one. Trades at 20/25 X. | 2004-06-15 | |
| BUY | | Alcan Aluminum | AL-T | 55.380 | Sees the spinoff as a positive. Price to cash flow is 6 X. The $250 million synergy they originally talked about is now $360 million. | 2004-06-15 | |
| BUY | | Shoppers Drug Mart Corp | SC-T | 32.390 | A good well-managed company. Recession resistant. | 2004-06-15 | |
| BUY | | Manulife Financial | MFC-T | 53.150 | A well-managed company. Management has proven themselves with their acquisitions. Have a decent return on equity. | 2004-06-15 | |
| TOP PICK | | Inco | N-T | 46.100 | Second largest nickel producer in the world and account for 20% of the world supply. Alumine inventories have fallen very low so expect nickel prices to rise. Have some good properties. | 2004-06-15 | |
| BUY | | ATI Technologies | ATY-T | 22.140 | Good graphics product which is gaining shares on Nvidia. | 2004-06-15 | |
