| BUY | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 77.960 | Coal in general tends to move with energy prices. Prices for both thermal and metallurgical coal have gone up. Love the long-term prospects. | 2008-05-23 | |
| SHORT | | Loblaws | L-T | 33.090 | Been short on this stock for a long time. Has also sold a put option, which will allow him to cover if needed. Margins have eroded for years now. What hasn't been factored in yet is that input prices for food are going up parabolic and this will put a further squeeze on their margins. | 2008-05-23 | |
| BUY | | Agrium | AGU-T | 83.120 | Earthquake in China reduced capacity to create their own fertilizers. Bit of selloff because of short-term planting problems in the US where they had to switch from corn to other grains which doesn’t require as much fertilizer. Fundamental long-term story is very much intact. He would also write a $92 June call option giving $1.33 in premium. | 2008-05-23 | |
| DON'T BUY | | Canadian National R.R. | CNR-T | 54.610 | Kind of agnostic to the industry and under whelmed by this company. Although grains, fertilizers, etc. are being shipped, building materials, automobiles, etc. are not being shipped as much. Cdn$ appreciation has hurt them. Diesel fuels have gone through the roof. | 2008-05-23 | |
| DON'T BUY | | Kinross Gold | K-T | 20.270 | Short this stock right now because of their production problems and the political risk of their Russian properties. Gold is recovering nicely now but gold companies in general have not fared as well as bullion for the last couple of years. It is time for a change and the stocks have to catch up. | 2008-05-23 | |
| WAIT | | Connacher Oil and Gas | CLL-T | 4.810 | Loves the results that oil companies are showing right now and is long-term bullish on the price of crude. They've had an incredible run and it's time for them to take a little breather. Wouldn't be surprised to see the spot price fall below $130 for a while before it goes up again. | 2008-05-23 | |
| TOP PICK | | Potash Corp of Saskatchewan | POT-T | 194.400 | Sold off a bit because of US short-term planting problems where they switched from corn to other grains. Earthquake in China reduced capacity for them to create their own fertilizers. Fundamental long-term story is very much intact. Would write a $210 call option on it. | 2008-05-23 | |
| TOP PICK | | Research In Motion | RIM-T | 129.800 | Continues to beat expectations. Fundamentally a great story. Has sold off a bit and he expects another run. He also wrote a $140 June call option on it. | 2008-05-23 | |
| TOP PICK | | Labrador Iron Ore | LIF.UN-T | 56.500 | Good yield of about 3.4%. Fundamentals on energy, metals and agriculture are very good. This one continues to beat numbers. | 2008-05-23 | |
| BUY | | Chartwell Seniors housing | CSH.UN-T | 9.960 | REITs in general are a good income player right now. Real estate trusts are a good opportunity to pick up some good value and get a good yield. | 2008-05-23 | |
| BUY | | iUnits REIT's | XRE-T | 13.690 | REITs in general is a good way to play income right now. This is a safe way to play rates. 3% yield. | 2008-05-23 | |
| WAIT | | Penn West Energy Trust | PWT.UN-T | 33.810 | Fundamentally what is backing up energy stories is still very much intact. A big believer in energy. In the next week or two, there could be a little pullback, which will give you great entry points. | 2008-05-23 | |
| WAIT | | Pengrowth Energy Trust | PGF.UN-T | 20.700 | Fundamentally what is backing up energy stories is still very much intact. A big believer in energy. In the next week or two, there could be a little pullback, which will give you great entry points. | 2008-05-23 | |
| WAIT | | Baytex Energy Trust | BTE.UN-T | 29.300 | Fundamentally what is backing up energy stories is still very much intact. A big believer in energy. In the next week or two, there could be a little pullback, which will give you great entry points. | 2008-05-23 | |
| BUY | | Harvest Energy Trust | HTE.UN-T | 24.600 | Fundamentally what is backing up energy stories is still very much intact. A big believer in energy. In the next week or two, there could be a little pullback but this one hasn't had the big spike like others so you could buy now. | 2008-05-23 | |
| BUY | | Encana Corp | ECA-T | 76.880 | Likes it a lot. Looking at energy with a lot of concern. ECA is one of his long names. He likes call options so doesn't mind if it doesn't go up.
| 2008-03-26 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Caller's question was, can a Canadian Bank fail?
Answer: No. Canadian banks are generating most of their earnings from deposits and trusts.
| 2008-03-26 | |
| WEAK BUY | | Harvest Energy Trust | HTE.UN-T | 22.820 | Likes the yield on it. Likes the name and sector, but is not ready to get into it yet. Would rather like ener plus, and arc energy better.
The high yield raises a red flag. | 2008-03-26 | |
| BUY | | Sierra Wireless | SW-T | 15.850 | Likes it, also likes it's chart. Thinks it's building a nice base. His style of investing is that he like to write call options, and can't do it with this stock, so he doesn't own it. | 2008-03-26 | |
| WAIT | | Precision Drilling Corp. | PD.UN-T | 23.420 | A big move today, but it hasn't been screening well. He would wait. | 2008-03-26 | |
| DON'T BUY | | Bank of Montreal | BMO-T | 45.000 | Attractive from a yield perspective, but very unattractive as a buy.
Banks are still expensive.
A they screen poorly,
B not sure the values there.
C We are going to be in a range on these bank stocks for some time. | 2008-03-26 | |
| BUY | | Suncor Energy Inc | SU-T | 100.140 | Screens very well. Likes the stock and the earnings growth.
He wants to sell the call option, which is selling the potential growth.
| 2008-03-26 | |
| STRONG BUY | | Potash Corp of Saskatchewan | POT-T | 162.910 | Really likes potash. Likes the story and fundamentals and the chart.
Showing great earnings growth here. Constantly exceeding expectations.
| 2008-03-26 | |
| HOLD | | Manulife Financial | MFC-T | 37.630 | Question was, should he sell MFC in order to buy it back cheaper later.
Answer: no.
He likes MFC in the financial sector. They are less reliant on the market then banks are. If you want to have some money in the financials then MFC is a good place to be. | 2008-03-26 | |
| BUY | | Research In Motion | RIM-T | 120.150 | Loves RIM, has had it in their growth oriented portfolio. But also likes it in the income portfolio. | 2008-03-26 | |
| WAIT | | Rogers Communcations (B) | RCI.B-T | 36.070 | Likes Rogers, for the concept and their business. The problems is the wireless spectrum option in May, where the government is going to auction off all its wireless space. The Rogers either has to drop their prices now in answer to that competition or they have to meet new competitor/entrant pricing. The industry is moving in favour of the consumer and away from the shareholder. | 2008-03-26 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The sweet spot for covered calls is between 60 to 90 days for them. | 2008-03-26 | |
| VAGUE | | Atco Ltd | ACO.X-T | 45.310 | Doesn't follow this stock. But doesn't care if it's cheap. But if it has good earnings growth, then it's worth looking at. | 2008-03-26 | |
| BUY | | Yamana Gold Inc. | YRI-T | 16.650 | Likes gold in general. In 2003 gold was trading at 200 an oz. very tight margins, so not much was produced. Now the prices of gold is higher, it's worthwhile to produce, but the gold producers have a lot of costs to get production going again. So gold bullion has out performed gold producers, but thinks that gold producers will soon out perform bullion. Likes Yamana,Kinross, and Goldcorp | 2008-03-26 | |
| BUY | | Kinross Gold | K-T | 23.680 | Likes gold in general. In 2003 gold was trading at 200 an oz. very tight margins, so not much was produced. Now the prices of gold is higher, it's worthwhile to produce, but the gold producers have a lot of costs to get production going again. So gold bullion has out performed gold producers, but thinks that gold producers will soon out perform bullion. Likes Yamana,Kinross, and Goldcorp | 2008-03-26 | |
| BUY | | Goldcorp Inc | G-T | 41.290 | Likes gold in general. In 2003 gold was trading at 200 an oz. very tight margins, so not much was produced. Now the prices of gold is higher, it's worthwhile to produce, but the gold producers have a lot of costs to get production going again. So gold bullion has out performed gold producers, but thinks that gold producers will soon out perform bullion. Likes Yamana,Kinross, and Goldcorp | 2008-03-26 | |
| HOLD | | Talisman Energy | TLM-T | 17.640 | Likes it. Showing some good growth. | 2008-03-26 | |
| TOP PICK | | Agrium | AGU-T | 66.700 | Likes Potash, but Agrium is just that much better. A great entry point. They are in China, as well. Long on this. | 2008-03-26 | |
| TOP PICK | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 54.000 | Coal still is the cheapest, most abundant energy source on the planet. Great yield on Fording. $55 call option. | 2008-03-26 | |
| TOP SHORT | | Denison Mines Corp | DML-T | 7.290 | A year ago you couldn't get enough of it. Some production problems, they are having a tough time getting it out of the ground and the prices aren't supporting them. Shorted them at $7. | 2008-03-26 | |
