| TOP PICK | | Breakwater Resources | BWR-T | 1.860 | A pure play on zinc. Have grown production year-over-year by about 30%. Good management. Almost no debt. Valuation is about 2.5 X cash flow, about half that of its peer group. | 2007-03-19 | |
| TOP PICK | | Mainstreet Equity Corp | MEQ-T | 18.370 | A rapidly growing consolidator of mid-market apartments, primarily in Calgary and Edmonton. Increased their units from 300 in 1998 to over 5000. | 2007-03-19 | |
| TOP PICK | | Mag Silver Corp | MAG-T | 9.100 | Silver play in Mexico. Had a phenomenal 2006, and despite that it is relatively under followed and under covered. Have optioned out about 56% interest in their Wanasebo project on condition that $5 million is spent on drilling over the next 5 years. The grade that they encountered on the initial drilling is twice what they had on their own property. | 2007-03-19 | |
| PAST TOP PICK | | Cumberland resources Inc | CLG-T | 8.140 | (A Top Pick Jan 8/07. Up 33.4%.) Being acquired by Agnico-Eagle (AEM-T) and he sold at the time the offer was made. | 2007-03-19 | |
| PAST TOP PICK | | UrAsia Energy | UUU-X | 7.210 | (A Top Pick Jan 8/07. Up 49.7%.) Being acquired. Presently in a bidding war. | 2007-03-19 | |
| PAST TOP PICK | | Hudbay Minerals Inc. | HBM-T | 20.010 | (A Top Pick Jan 8/07. Down 5.1%.) Zinc. Also have exposure to gold and silver. Valuation is still compelling. | 2007-03-19 | |
| SELL | | Real Resources | RER-T | 8.570 | Have missed production and costs were higher than expected. Not too much positive news from their quarter. If you own, consider cutting your losses and moving on. | 2007-03-19 | |
| Comment | | CitiGroup | C-N | 50.060 | Broker stocks in the US have had a tough time of late. If there is a further potential pullback in the market, it could continue to sell off. | 2007-03-19 | |
| BUY | | BHP Billiton Ltd. | BHP-N | 45.490 | Believes we are in early stages of a long-term secular bull market within metals and mining. | 2007-03-19 | |
| HOLD | | Stratos Global | SGB-T | 6.440 | Being acquired by CIP Canada. Doesn't think this story is over yet. Believes there will be a competing bid. | 2007-03-19 | |
| BUY | | Royal Bank | RY-T | 57.310 | Doesn't feel you can go wrong buying the stock, providing you have longer-term objective. Very nice dividend. Would also consider Bank of Nova Scotia (BNS-T), which offers a slightly higher dividend and higher ROE. | 2007-03-19 | |
| DON'T BUY | | Petro-Can | PCA-T | 41.850 | Has been a perennial laggard. Trades at a discount to its NAV. Never seems to appreciate from a multiple standpoint. Would suggest Nexen (NXY-T) or Talisman (TLM-T) instead. | 2007-03-19 | |
| Comment | | Barrick Gold | ABX-T | 33.520 | Very much a diversified miner and are exposed to base metal, which a lot of investors forget. | 2007-03-19 | |
| BUY | | Uranium One Inc. | UUU-T | 16.340 | A near-term uranium producer. With their recent merger with UrAsia Energy (UUU-X), it will be the next emerging senior. Have no hedges. | 2007-03-19 | |
| BUY | | Trinidad Energy Services | TDG.UN-T | 14.780 | Made a good acquisition a year ago. Focused more on deep drilling as opposed to shallow gas. Trades at about 5 X EBITA, which is extremely reasonable. | 2007-03-19 | |
| BUY | | Blue Pearl Mining Ltd., has changed ticker to TCM-T | BLE-T | 10.710 | Pure play on molybdenum and has done very well. Kicking off a tremendous amount of cash flow, which will be used to pay down debt. | 2007-03-19 | |
| DON'T BUY | | Cameco Corporation | CCO-T | 45.180 | Just announced their remedial plans for Cigar Lake. Market was neutral. Hoping to start is a production in 2010. Still no valuation on their reserves. A lot of uncertainties. Prefers others. | 2007-03-19 | |
| BUY | | Tim Hortons | THI-T | 35.260 | Last quarter showed a phenomenal growth in their top line. US operations gained significant traction. Valuation is very reasonable. | 2007-03-19 | |
| BUY | | Savanna Energy Services | SVY-T | 18.850 | If you are looking to the energy service space, this is the name you should own. Valuation is reasonable. Margins held in pretty well in the last quarter. Well diversified across shallow and deep drilling. | 2007-03-19 | |
| SELL | | Loblaws | L-T | 47.600 | Had a myriad of problems last quarter. From a valuation point, it is still very expensive. Going forward, there will be a lot of pricing competition. | 2007-03-19 | |
| SELL | | Goldcorp Inc | G-T | 28.430 | Currently in the process of integrating Glamis. This was a very solid acquisition. Expects it to continue to under perform, compared to its peer group. There are better companies to one. | 2007-03-19 | |
| DON'T BUY | | Teck Cominco Ltd. (B) | TCK.B-T | 77.200 | A lot of the easy money has been made. A while diversified miner. Have a tremendous amount of cash on hand of about $16 per share. | 2007-03-19 | |
| BUY on WEAKNESS | | FNX Mining Company | FNX-T | 23.500 | Pure play on nickel. Have done extremely well find new resources. Reasonably priced. | 2007-03-19 | |
| BUY | | BetaPro S&P/TSX 60 Bear E.T.F. | HXD-T | 23.870 | This is something you would own to help strip out some systematic risks in a portfolio. | 2007-03-19 | |
| Comment | | Osisko Exploration Ltd. | OSK-T | 10.350 | Gold play in Quebec. They have to move a town and have received approval from the residents. Will be drilling about 10,000 m per month. Expecting increases in their resources. | 2007-03-19 | |
| TOP PICK | | UrAsia Energy | UUU-X | 4.810 | Has 3 uranium plays in Kazakhstan. On the largest one they have a 70% interest. There are no hedges in place. Low cost producer. Producing about 1.8 million tons this year. | 2007-01-08 | |
| TOP PICK | | Cumberland resources Inc | CLG-T | 6.100 | Relatively small market capitalization company with a large resource. Just recently received their certificate for their mine in Nunavut. 4 to 5 million oz. in resource. High grade for an open pit mine. | 2007-01-08 | |
| TOP PICK | | Hudbay Minerals Inc. | HBM-T | 21.000 | (A Top Pick Mar 7/06. Up 192%.) Likes the zinc market. Trading at about 4 X this year's earnings. They will have about a 65,000 tn. increase in zinc and about 85,000 tn. of copper. No debt. | 2007-01-08 | |
| PAST TOP PICK | | Garda World Security Corp. | GW-T | 21.000 | (A Top Pick Mar 7/06. Down 8.9%.) Have done a great job of consolidating a very fragmented industry. Should do well this year. | 2007-01-08 | |
| PAST TOP PICK | | True Religion Apparel | TRLG-Q | 15.940 | (A Top Pick Mar 7/06. Down 20.5%.) Valuation is extremely cheap at 9 X earnings. Violated his stop/loss so he sold. | 2007-01-08 | |
| BUY | | Rogers Communcations (B) | RCI.B-T | 35.500 | Came out with some good guidance. Increase in wireless. | 2007-01-08 | |
| BUY | | Petro-Can | PCA-T | 45.050 | Has always traded at a discount to its peer group. Very reasonable valuation. Growth profile is in the low 20’s, which is very positive. Good long-term hold. | 2007-01-08 | |
| SELL | | Westjet Airlines | WJA-T | 14.900 | Had a dramatic increase of 40% off its lows, which is attributable to oil prices. The risk is to higher oil prices rather than lower. | 2007-01-08 | |
| BUY | | Eldorado Gold | ELD-T | 6.230 | You will see a 260% increase in production between now and 2009. Two of the properties are coming on line this year. Reasonable valuation. | 2007-01-08 | |
| BUY | | Nexen Inc | NXY-T | 62.000 | Trades at a discount to its group. The Buzzard field just came on which should give and 35% -45% increase in production. | 2007-01-08 | |
| BUY | | Aurelian Resources Inc | ARU-T | 28.460 | The best-performing gold company in Canada last year. Owns a large property and Ecuador. The recent slide is because of the November election results. Expects more frequent drill results. Could be significant upside. | 2007-01-08 | |
| Comment | | Teck Cominco Ltd. (B) | TCK.B-T | 79.670 | China went from a net exporter to a net importer of zinc creating strong demand. The stock has benefited and it has become a cash cow machine. Has $17 of cash on its balance sheet. Valuation is quite cheap. Good price. Looking for further down side before the market moves higher, but longer-term the cycle is not over. | 2007-01-08 | |
| HOLD | | Scotts Miracle-Gro Company | SMG-N | 51.850 | Stock has done well. With the warm weather, it should continue to do well. | 2007-01-08 | |
| BUY | | Aur Resources | AUR-T | 20.670 | Has been negatively impacted by the pullback in copper prices. It's a company he likes and is looking at it at this time. Has $5 - $6 in cash on the balance sheet. You will see a doubling of their copper production in 07 & 08. Very cheap multiple. | 2007-01-08 | |
| DON'T BUY | | Denison Mines Corp | DML-T | 10.750 | Like most uranium stocks it has done extremely well. Has integrated with IUC and will increase production to 1,000,000 tn. this year. This should increase to about 4 to 4.5 million in next few years. As hedging in place for a certain amount of its production, but they do roll off at the end of 08. Prefers others that are unhedged. | 2007-01-08 | |
| BUY | | Tim Hortons | THI-T | 36.470 | Had very strong 4th-quarter same-store sales. Stories should continue to do very well. Trading at a reasonable multiple act 22 X next year's earnings. | 2007-01-08 | |
| HOLD | | Blue Pearl Mining Ltd., has changed ticker to TCM-T | BLE-T | 9.350 | Focuses on molybdenum. Has done extremely well, but one thing he would caution is molybdenum’s extremely volatility. There has been a dramatic correction in base metals over the last little while. | 2007-01-08 | |
| WAIT | | Savanna Energy Services | SVY-T | 18.030 | Definitely one of the premier names. Moving up from an intermediate to a senior level driller. Did a very strategic merger with Western Lakota late last year. If you need to be in this space, this would be the one to own. Expect the price could be better if you wait. | 2007-01-08 | |
| Comment | | Coolbrands (A) Sold to Nestle | COB.A-T | 1.280 | Came on tough times over the last couple of years. It seems they are selling off all of their non-core assets at this time to pay down their debt. Is almost now relatively debt free. | 2007-01-08 | |
| DON'T BUY | | Crocs Inc. | CROX-Q | 44.800 | Had a phenomenal one-year return in excess of 100%. Sold his position too early. Feels this is a fad and there will be knock-off shoes for half the price. | 2007-01-08 | |
| BUY | | Kinross Gold | K-T | 13.070 | Liked their acquisition of Bema Gold. Once the deal closes, he feels they will get a re-rating. It will give them a dramatic increase in gold production. Trades at a discount to its NAV. | 2007-01-08 | |
| DON'T BUY | | Cheesecake Factory Inc (The) | CAKE-Q | 24.560 | Has done very well. The fundamentals are very soft in the casual dining sector. It has got to a point where traffic is no longer increasing. | 2007-01-08 | |
| BUY | | Yamana Gold Inc. | YRI-T | 13.590 | Looking to see a big increase in gold production. No production costs. Phenomenal growth story and trades at a discount to its NAV. | 2007-01-08 | |
| Comment | | U308 Corp. | UWE-X | 3.500 | Not producing uranium as yet, but it does have a large land mass. The properties they own are very similar to the Athabascan. Extremely speculative at this point. Would prefer owning a company that is currently producing. | 2007-01-08 | |
| BUY on WEAKNESS | | Lundin Mining Corp. | LUN-T | 39.330 | Have done a phenomenal job over the last several years. Has been an aggressive acquirer of properties and mines. Doesn't expect this to slow down anytime soon. Would buy on pullbacks. | 2007-01-08 | |
| BUY | | Inco | N-T | 54.500 | There have been some hold-ups with the closing of Inco's merger with Falconbridge but it is looking positive. Long term he is bullish on nickel prices. Predicts as the merger closes the stock will go higher. Recommends legging into a position. | 2006-03-07 | |
| DON'T BUY | | IPSCO Inc | IPS-T | 113.080 | He has owned this stock in the past. Dramatic appreciation of this stock in the last few months. It is a very volatile stock. It has benefitted from a tubal demand from oil and gas. At current prices stock is some what overvalued. | 2006-03-07 | |
| TOP PICK | | Garda World Security Corp. | GW-T | 23.050 | This stock hit its 52 week high today. Garda World Security is a great growth story through consolidation in Canada. Involved in cash handling, security, airport security and background investigation checks. Doubled its revenue over the last couple of years. Managment would like to double its size through acquisitions. He has owned for quite some time, average entry price was about $7-8.00. He is continueing to sell it on the way up just through appreciation, maintaining his weighting. | 2006-03-07 | |
| BUY | | Western Lakota Energy Services | WLE-T | 14.850 | He has Western Lakota Energy stock in his portfolio and have owned it for quite some time. It is a quality name. Now is a good opportunity to acquire this company and own for a longer term. | 2006-03-07 | |
| BUY | | Kangaroo Media Inc. | KTV-T | 1.330 | Kangaroo Media is in the wireless handheld products. They target live sporting events, enhances the following for that of the viewers. Recently signed a deal with Nascar. Looking to sign a contract with the F1 or NFL. They have owned since August of last year. | 2006-03-07 | |
| WATCH | | ACE Aviation Holdings Inc (A) | ACE.A-T | 30.400 | Reviewing an opportunity into this stock. | 2006-03-07 | |
| VAGUE | | Westjet Airlines | WJA-T | 11.320 | Westjet has great load factors, dramatic increase in capacity, as well as traffic. Yields have been doing well. Lawsuit is not affecting the stock. | 2006-03-07 | |
| TOP PICK | | Hudbay Minerals Inc. | HBM-T | 7.070 | Mid-cap mining company. Third largest copper and zinc producer. Opening another mine later this year. No material supply coming online until 2008,
China tends to be a net inporter, at current rate will deplete all the inventories by around Sept 2006.
The company is trading at 2 1/2 to 4 times earnings. Labor unions have contracts until 2011 so the company has a good foundation to grow.
The zinc market is volitile so sell on runs. They are currently buying.
| 2006-03-07 | |
| SELL | | LionOre Mining International | LIM-T | 4.760 | Announced earnings earlier then anticipated. They are having accounting problems and missed on the earnings standpoint.
Suggest move to Falconbridge or Inco. | 2006-03-07 | |
| HOLD | | Aliant | AIT-T | 34.200 | BCE will get 70% of AIT in a merger. Aliant will get around 27% share of the trust that will be named. Will get a 6.5 to 7.5 cash yeild. | 2006-03-07 | |
| WAIT | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 47.100 | Is having problems finding tires for it's machinery which is causing delays in production. Wait for pricing format before entering. | 2006-03-07 | |
| TOP PICK | | True Religion Apparel | TRLG-Q | 19.710 | Manufactures high end jeans. Average price is $200 to $400 per pair of jeans. Risk is that there is a 40% short interest in this stock.
He bought at at $8, $15-$16 | 2006-03-07 | |
| BUY on WEAKNESS | | Aur Resources | AUR-T | 12.690 | Has done well. Long term is decent. Copper has a higher exposure, so now is an ok time to buy, but he would wait a bit. | 2006-03-07 | |
| BUY | | Yellow Pages Income Fund | YLO.UN-T | 16.650 | 90 % market share. This is a good name to own. He would buy at $16.65 thinks it's a near term catalyst to next week. Could see 50 cents to a dollar move up. | 2006-03-07 | |
| BUY | | Centurion Energy International | CUX-T | 14.030 | Becoming increasingly bullish on smaller energy/oil names that do have unhedged production. Could go $3 higher longer term. | 2005-01-24 | |
| TOP PICK | | American Healthways Inc. | AMHC-Q | 30.950 | In disease management sector in the US. Signed 2 trial deals with CMS Medicare and if successful could open up a 42 million person population for this company. Valuation is somewhat stretched but in the fragemented area they are in you will see sustainable growth on the top and bottom line of 30/35% foir the next 4/5 years. | 2005-01-24 | |
| BUY | | Alcan Aluminum | AL-T | 46.920 | In an excellent position to be buying at this point. There has been a sell off with the spin off of their rolling division. Outlook for aluminum is very bullish and could see it trading at the $0.90/0.95 level in the next 52 weeks. Also, any decrease in energy prices will be another catalyst. | 2005-01-24 | |
| WAIT | | Cameco Corporation | CCO-T | 44.500 | Uranium has been one of the top performing commodities. In today's down market, it was up a couple of $'s. If you want to have exposure to uranium, this is the only company you can own. Trading at over 30 X earnings. Would wait to see if uranium prices drop. | 2005-01-24 | |
| TOP PICK | | Teck Cominco Ltd. (B) | TCK.B-T | 36.000 | Very well diversified. This year 65% of their EBITDA should come from zinc as well as metalurgical coal and the remainder coming from copper, etc. Opportunity comes from the met. coal and zinc. Met. coal has been priced in at $125 per metric ton. Zinc inventories are starting to be drown down. | 2005-01-24 | |
| HOLD | | Metro Inc (A) | MRU.A-T | 24.090 | Has been a very good performer over the last couple of quarters. Somewhat pricey for the line of business that it is in. Because there has not been much food inflation, it leaves the stock somewhat susceptible over the near term. A defense stock. | 2005-01-24 | |
| DON'T BUY | | Nortel | NT-T | 3.810 | Best to remain on the sideline. There are signs that their technology does remain competitive. Still a lot of ambiguity on their financials. | 2005-01-24 | |
| TOP PICK | | Technicoil Corp. | TEC-T | 3.490 | 75% of all wells drilled in Canada last year were natural gas with an increasing number to the coal bed methane. Expects this to further increase this year. This company should be one of the main beneficiaries. Recently raised money to build out their fleet. Could be a take-out. | 2005-01-24 | |
| HOLD | | First Calgary Petroleums | FCP-T | 22.290 | The biggest concern over the last 12 months has been the size of the findings, but now getting more conclusive evidence of it. | 2005-01-24 | |
| WEAK BUY | | Coolbrands (A) Sold to Nestle | COB.A-T | 7.860 | Trades at a fairly reasonable valuation at below 10 X. Suffers from a credibility issue. Continuing to acquier new assets. Longer term, they should do well. Management is moving in the right direction by getting rid of their dual share class and bringing in a more independent board. | 2005-01-24 | |
| DON'T BUY | | Krispy Kreme | KKD-N | 8.750 | Would stay away. Greater tendency for the stock to go down rather than up. Needs to give more disclosure. | 2005-01-24 | |
| BUY | | Coolbrands (A) Sold to Nestle | COB.A-T | 24.000 | Commodity costs are a concern for the second quarter. The summer months are going to be good for them. Trading at about 15 X next year's earnings. | 2004-05-27 | |
| DON'T BUY | | Lucent Technologies | LU-N | 3.600 | A little bit overvalued. Having troubles from an operational standpoint. | 2004-05-27 | |
| TOP PICK | | Norbord Inc. | NBD-T | 15.100 | Oriented strand board has moved from $200 last December to $500. Coming to a very strong seasonal demand. Very low inventory levels for OSB. Very cheap. | 2004-05-27 | |
| STRONG BUY | | Anooraq Resources Corp. | ARQ-X | 2.140 | (A top pick Mar 9/04. Down 67.5%.) Platinum prices dropped from over $900 to $780. Waiting for approval from South Africa on a merger. Good buy. | 2004-05-27 | |
| BUY | | Royal Bank | RY-T | 59.830 | Nothing spectacular came out of the bank earnings. As slight miss. Likes it for a short-term trade. Could see a slight upside. | 2004-05-27 | |
| BUY | | Kinross Gold | K-T | 8.380 | Has very good leverage to the price of gold. A good name to own. | 2004-05-27 | |
| TOP PICK | | United Surgical Partners | USPI-Q | 38.500 | A leader in its and not well covered by analysts. Not much competition. Good business plan. Growth profile of 25% earnings. | 2004-05-27 | |
| DON'T BUY | | Cinram | CRW.UN-T | 25.600 | Investors are waiting to see if they can integrate their Time Warner acquisition. Haven't seen the growth expected. Valuation is a little rich. | 2004-05-27 | |
| WATCH | | Manitoba Telecom Services | MBT-T | 46.850 | Has been in a downward trend ever since management purchased Allstream. If they can properly close this acquisition, it might be worthwhile. | 2004-05-27 | |
| DON'T BUY | | Sierra Wireless | SW-T | 37.860 | Their recent quarter was very solid. Trading at extremely lofty valuations. | 2004-05-27 | |
| TOP SHORT | | Westjet Airlines | WJA-T | 14.860 | The price of oil is very high and this company has virtually no hedges in place. Exposed to much higher fuel costs representing 22/23% of their cost structure. | 2004-05-27 | |
| BUY | | Canadian Natural Rsrcs | CNQ-T | 35.250 | Oil prices dropped on theories of increased production, but doesn't feel that the Saudis can increase I very much. One of the cheapest in North America. | 2004-05-27 | |
| BUY | | Nevsun Resources | NSU-T | 4.050 | Expects gold to head higher. This is the name that provides good exposure as far as an exploration company. | 2004-05-27 | |
| DON'T BUY | | Hudson Bay Co. | HBC-T | 13.370 | Department stores are showing negative retail sales. Better opportunities in the retail space. | 2004-05-27 | |
| DON'T BUY | | Westjet Airlines | WJA-T | 27.700 | Expect you will see a correction in a lot of the airlines. Of more concern is the high oil prices. A well-run company but there is a lot of competition coming into Canada. | 2004-03-09 | |
| DON'T BUY | | Delta Air Lines Inc | DAL-N | 8.880 | A lot of value portfolio managers are starting to look at this airline. The high price of oil is a factor that could put earnings in the red. | 2004-03-09 | |
| TOP PICK | | Corrections Corp. of America | CXW-N | 35.380 | The largest owner/operator of corrections facilities in the US. Running at about 95% capacity. Recently won a contract with Arizona. Expects more privatization of jail facilities. | 2004-03-09 | |
| BUY | | Cinram | CRW.UN-T | 28.150 | Came a little light on consensus earnings. Recently won the MGM contract which will have a positive impact on earnings. | 2004-03-09 | |
| DON'T BUY | | Kingsway Financial Services | KFS-T | 15.050 | Has been a very troubled company. Some credibility issues with management. | 2004-03-09 | |
| DON'T BUY | | GMP Capital Corp | GMP-T | 21.250 | Trades at a very lofty price to book value but has a very good high return on equity. | 2004-03-09 | |
| BUY | | Norbord Inc. | NBD-T | 14.350 | Seeing exponential growth in their revenues as well as the margins. Trading at about only 3 X earnings. Volatile. The cautious. | 2004-03-09 | |
| TOP PICK | | CBRL Group Inc. | CBRL-Q | 39.330 | Has lagged in the restaurant sector and there are some good opportunities in the restaurant space. Trading at about 13 X earnings. At a good price. | 2004-03-09 | |
| BUY | | Interoil | IOL-T | 35.400 | Rather volatile as there are limited shares outstanding. Their drilling project has been delayed but they should reach their desired depth in the next month or so. Likes their refinery. | 2004-03-09 | |
| BUY | | Talisman Energy | TLM-T | 80.060 | Just announced a 3 for 1 split and would buy before it takes effect as stocks generally rise after a split. | 2004-03-09 | |
| BUY | | GEAC Computer | GAC-T | 8.580 | Trades at about 9 X next year's earnings. Finally accomplishing all the goals that they had set. Doesn't expect a lot of growth. | 2004-03-09 | |
Rss Feed