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 34 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Mark Grammer of MacKenzie Financial (International Equities) |
|---|
| TOP PICK | Borg Warner | BWA-N | 59.150 | Parts supplier to Volkswagen (VOW-GR). Very focused including variable transmissions and turbochargers. Turbochargers are used in every diesel engine and will be used more and more in conventional engines as well and this company is the leader. Good, long-term growth that is locked in. | 2011-09-26 | ||
| DON'T BUY | Hewlett-Packard Co | HPQ-N | 22.710 | Major change in upper management and management in a company is very important. If there has been a lot of management change, he would tend to stay away. | 2011-09-26 | ||
| WEAK BUY | IBM | IBM-N | 174.510 | A growth company, but not in his fund as it is a slower growth. Well-managed and a very strong balance sheet. Prefers VMware (VMW-N). | 2011-09-26 | ||
| DON'T BUY | ING Groep NV | ING-N | 6.880 | European insurance companies may be a little bit better than the banks themselves, but they have too much exposure to sovereign debt. | 2011-09-26 | ||
| Comment | Texas Instruments | TXN-Q | 27.400 | Very good company and has been around a long time. Becoming more focused but not the kind of company he wants. He wants good growth stocks that have the opportunity to grow for an indefinite period of time. This one tends to be a little more cyclical. | 2011-09-26 | ||
| DON'T BUY | Barclays Bank PLC | BCS-N | 10.000 | For 3-5 years? He has very little weighting in European bank. The issue with banks globally is that they have grown through mortgage lending but since the housing bubble burst, banks aren't really able to grow. You are also facing a very difficult regulatory environment. | 2011-09-26 | ||
| BUY | Total SA | TOT-N | 43.090 | Not a huge fan of the big integrateds. Hard to find very good long-term growth. At this price, it is probably pretty reasonable value. Tarred with the European brush. Have extensive opportunities in Europe right now. | 2011-09-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. It's basically panic right now. Investors are fearful of double-dip recession, specifically on what is happening in Europe and the contagion of their banks. Feels that panic is unwarranted. On top down analysis, the leading indicators are starting to turn up. There is definitely a growth slowdown in the US but it is not pointing to recession. He focuses on quality growth companies. | 2011-09-26 | ||
| BUY | Telefonica S.A. | TEF-N | 18.890 | The kind of company that may not fit into his criteria of looking for growth stocks but would fit in for certain investors because it has a very good dividend yield, which should be fairly sustainable. If you are looking for dividend yield and a safe investment, he wouldn't be against this one. Even if they have to cut the 12% dividend in half, it is still a good bargain. | 2011-09-26 | ||
| TOP PICK | Baidu.com | BIDU-Q | 122.560 | When Google left China, this helped them a lot as they are now the only answer. Very solid company. Product offering has improved dramatically. 50% earnings growth over the next year. This will probably slow down to maybe 30%. | 2011-09-26 | ||
| PAST TOP PICK | Visa Inc. | V-N | 90.280 | (A Top Pick Nov 3/11. Up 14.47%.) | 2011-09-26 | ||
| PAST TOP PICK | Vestas Wind Systems | VWS-DC | 0.010 | (A Top Pick Nov 3/11. Down 52.04%.) (Denmark exchange) Sold his holdings. Too much competition. | 2011-09-26 | ||
| DON'T BUY | Volkswagen AG | VOW-GR | 0.010 | (On the German exchange.) A real back and forth between VW and Porsche. This creates uncertainties. Their product is extremely good and their opportunities in emerging markets are fantastic. Would rather own their supplier. (See Top Picks.) | 2011-09-26 | ||
| PAST TOP PICK | Philex Mining Corporation | PX-PM | 0.010 | (A Top Pick Nov 3/11. Up 49.57%.) (Philippines exchange) Gold mining. Still likes. | 2011-09-26 | ||
| TOP PICK | Pernod Ricard SA | RI-FRA | 0.010 | (On the French exchange.) Alcoholic drinks. Has bigger exposure to emerging markets than Diageo (DEO-N). Has started to repair its balance sheet. | 2011-09-26 | ||
| DON'T BUY | Mitsubishi Corp | 8058-TYO | 0.010 | He has a rule that anything with the name Mitsubishi in it, he stays away. Their structure is too complicated and he can’t understand it. | 2011-09-26 | ||
| BUY | Bank of America | BAC-N | 15.250 | Was extremely negative on US banks for many years but has started to accumulate now. Thinks US economy is going to show more strength than what is expected. Us housing looks like it is getting close to a bottom, which is an important aspect for US banks. If you own you cols start averaging down. | 2011-01-17 | ||
| PAST TOP PICK | Cisco | CSCO-Q | 21.210 | (A Top Pick March 4/10. Down 1499%.) Businesses they compete with are growing strongly. Start-up companies are growing incrementally, which hurts their growth rate. Also finding some difficulty with government contracts. Monitoring his holdings pretty closely because of his concerns. | 2011-01-17 | ||
| TOP PICK | Northern Trust | NTRS-Q | 55.880 | Very well run. Has exposure to interest rates and if they start to pick up, their interest margins will expand and the stock will do extremely well. If they get acquired, it will create a nice premium. | 2011-01-17 | ||
|
| |||||||
| BUY | PepsiCo | PEP-N | 66.780 | Very good company. Competing well. Earnings are growing and it is not that expensive. | 2011-01-17 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | European banks? In general he would not be buying these shares. There are questions about the banks in the peripheral parts of Europe, especially Spanish banks. He owns Credit Suisse (CS-N), a very strong bank and recovering from its problems. | 2011-01-17 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Pharmaceuticals? Forward PE’s are very low. His company is not a fan of the big pharmas. Exposure to regulation is a problem. Have to spend a lot to develop drugs. Patents are coming off. Good cash flow and if you are a patient investor, you can make a case for them. | 2011-01-17 | ||
| DON'T BUY | Telefonica S.A. | TEF-N | 71.080 | Doesn’t expect the Spanish economy will disrupt the dividend. Globally consumers use their cell phones so cash flows won’t be affected very much. Stock itself could be affected and become volatile. | 2011-01-17 | ||
| PAST TOP PICK | Ports Design Limited | 589-HK | 0.010 | (A Top Pick March 4/10. Up 18.17%.) Hong Kong Exchange. Almost had this as his Top Pick again. | 2011-01-17 | ||
| PAST TOP PICK | Givaudan SA | GVDNY-N | 0.010 | (A Top Pick March 4/10. Up 12.33%.) Still likes. | 2011-01-17 | ||
| TOP PICK | Hitachi Metals Ltd. | 5486-JP | 0.010 | Tokyo Exchange. Make high-grade metal and functional components. 60% exposure to the auto industry, which is what he likes. High grade metal that is used in turbo chargers (fuel efficient boosters). | 2011-01-17 | ||
| TOP PICK | Intertek Group plc | ITRK-LON | 0.010 | London Exchange. Testing and Inspections. 3 dominant companies in the business and this is one. Great growth business. Have grown Sales by 15%-20% over the last 5 years with profits from 15%-30%. Debt equity ratio is very strong. Well managed. | 2011-01-17 | ||
| PAST TOP PICK | China Mobile Hong Kong | CHL-N | 51.400 | (Top Pick Dec 17/09, Up 16.91%) Still holds, still likes and would buy at these prices. | 2010-11-03 | ||
| HOLD | ING Groep NV | ING-N | 10.980 | Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services. | 2010-11-03 | ||
| WAIT | JP Morgan Chase & Co | JPM-N | 37.720 | This has not been a stock you want to be in this year. He has been significantly underweight financials, especially US. He has recently added to that, however. Well Capitalized and earnings are growing. You are starting to get write backs (bad loans that come back). Still have foreclosure mess to deal with but until dealt with you wont see great performance, but in 12-24 months you will. | 2010-11-03 | ||
| PAST TOP PICK | Wells Fargo | WFC-N | 26.460 | (Top Pick Dec 17/09, Up 0.12%) Still holds, still likes and would buy at these prices. | 2010-11-03 | ||
| Comment | Total SA | TOT-N | 56.130 | Not a big integrated oil guy. Prefers companies that are a little more targeted. They have upstream all the way to downstream, refining, gas stations, etc. 5.7% dividend is great for dividend player. | 2010-11-03 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Elections in the US yesterday. You can safely say that legislation will be harder to get through. There will be some element of gridlock in US politics. Like Canada’s minority government, things will get done. He is still focused on the emerging market as the significant driver. He has only a reasonable overweight (15%), though. Has a lot of companies that are exposed to emerging markets. Is bottom up and looks at companies, not countries, but ends up being 35% US and increasing. There are great opportunities in the US stock market. A Year and a half ago he got permission to currency hedge but is not doing it right now. Canadian dollar will struggle to stay above parity. | 2010-11-03 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: If you look at what it has done, it definitely has momentum but it is hard to analyze it fundamentally. With the rest of the world devaluing, there is only one place to store your wealth. Gold is the answer. If you believe this is going to continue, then gold is likely to rise. He uses Gold as a hedge. | 2010-11-03 | ||
| WEAK BUY | Baidu.com | BIDU-Q | 110.650 | Has a very strong position and he wishes he owned it. He was a little nervous about the multiple. When Google pulled out of China there was another opportunity to buy it but he thought it was too highly priced. They are in a very strong position in China. Now that Google is not a competitor, they are in a good position. Very optimistic outlook for the Internet industry. The business will do well, even if not the stock. | 2010-11-03 | ||
| TOP PICK | Visa Inc. | V-N | 33.930 | There is a lot of negative sentiment right now: The talk about regulating interchange rates, talk about exclusivity with merchants being removed. But the prospects for Visa have not changed. They are growing their earnings about 15-20% per annum. 17-18 multiple, which is very, very strong. Good global footprint. They are dominant. | 2010-11-03 | ||
| TOP PICK | Vestas Wind Systems | VWS-DC | 0.010 | (Denmark exchange) Biggest wind turbine manufacturer in the world. They were pummeled. They revised down their earnings significantly, recently. Biggest concern is subsidies. Coal is the cheapest. The world is not awash with money to finance this. Subsidies are being scaled back. GE is a competitor, but competition is getting less. GE’s product is considered less optimal compared to VWS’s. They have a year’s advantage over Siemans and GE. He is optimistic about the future. | 2010-11-03 | ||
| PAST TOP PICK | Danone | BN-FP | 0.010 | (Top Pick Dec 17/09, Up 11.62%) Still holds, still likes and would buy at these prices. | 2010-11-03 | ||
| TOP PICK | Philex Mining Corporation | PX-PM | 0.010 | (Philippines exchange)Biggest mining and materials producer in the Philippines. Gold and copper producer. Low cost producer. Projects being developed right now to come on line soon. | 2010-11-03 | ||
|
| |||||||
| HOLD | Apple | AAPL-Q | 251.530 | Had a fantastic run over the last couple of years so it may be due for a pause. R&D as a percentage of sales is the lowest you will find in techs. Margins are phenomenal. Fantastic return on capital. Have a huge scope for growth as mind share is 30% but actual market share is only 10%. Would buy a $200 but lighten up at $300. | 2010-06-30 | ||
| BUY on WEAKNESS | Amazon.com | AMZN-Q | 109.260 | Retailers are having difficulties because of e-tailers and this is one of the leaders in that area. Part of their business is cloud computing, which is a massively rapidly growing business. On his watch list and would like it under $100. | 2010-06-30 | ||
| BUY | Caterpillar | CAT-N | 60.070 | Opportunities in infrastructure are still very good. With government spending towards infrastructure you should see continuing demand for infrastructure products. This company is well positioned for this. | 2010-06-30 | ||
| PAST TOP PICK | China Mobile Hong Kong | CHL-N | 49.410 | (A Top Pick Dec 17/09. Up 10.30%.) Still likes. | 2010-06-30 | ||
| Comment | Daimlerchrysler | DAI-N | 47.420 | Generally doesn't buy carmakers, as they traditionally don't have a high return on capital. Good company, but he prefers auto parts. | 2010-06-30 | ||
| PAST TOP PICK | Wells Fargo | WFC-N | 25.600 | (A Top Pick Dec 17/09. Down 0.21%.) Still likes. | 2010-06-30 | ||
| DON'T BUY | Baidu.com | BIDU-Q | 68.080 | Internet company based in China and has been a huge beneficiary of Google pulling out of China. Expensive. Prefers Ctrip.com International (CTRP-Q). | 2010-06-30 | ||
| TOP PICK | Visa Inc. | V-N | 26.210 | Has had a big selloff on the back of the US legislation on exchange fees. Growing at 20% per annum. Good emerging marketplace. Fantastic brand name. | 2010-06-30 | ||
| TOP PICK | Ports Design Limited | 589-HK | 0.010 | Hong Kong exchange. Great consumption play in China. On the high end of the retail clothing business. Very strong, focused and disciplined management. Strong brand name in China. Very high return on equities. | 2010-06-30 | ||
| TOP PICK | Danone | BN-FP | 0.010 | (A Top Pick Dec 17/09. Up 7.63%.) French exchange. Good growth in developed markets and very strong growth in emerging markets. Made an acquisition in Russia that will cement their dairy business there. Strong balance sheet. Reasonably priced. Move to health and wellness will be a big beneficiary to them. | 2010-06-30 | ||
| BUY | Ctrip.com International | CTRP-Q | 37.560 | Online travel company and this is how he plays the online market in China. Likes management and what they are doing. China is trying to grow travel. | 2010-06-30 | ||
| TOP PICK | Cisco | CSCO-Q | 24.330 | Had a tough time during the recession. 25% growth expected in the next quarter. Enterprise spending is picking up again. Carriers have to spend because of mobile data traffic. Net cash of 25 billion after their acquisitions. Should make some major acquisitions in order to grow. | 2010-03-04 | ||
| BUY | Cisco | CSCO-Q | 24.330 | (Top Pick Oct 7/09, Up 5.04%) Still likes it. | 2010-03-04 | ||
| WEAK BUY | Diageo PLC | DEO-N | 65.280 | Raise dividend every year. He likes the beverage industry. They are trading at a slight premium. Low single digit growth this year. | 2010-03-04 | ||
| DON'T BUY | Thomson Reuters Corp | TRI-T | 36.520 | Media companies have steady cash flow. Well managed. Well-diversified geographic exposure. Fighting against Bloomberg, although things have leveled off a bit. | 2010-03-04 | ||
| BUY | Vale S.A. | VALE-N | 27.860 | Not going to find a better company. Well-managed, good cash flow, high grade iron ore. | 2010-03-04 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Greek bonds are on sale today and there is great demand for them. We have to focus on the Greek situation and of Sovereign bonds. It is good news that the Greek bonds are selling. You see stability there. Is big concern is government deficits around the world getting out of hand. Would look for ways to reduce unemployment in order to address deficits. | 2010-03-04 | ||
| DON'T BUY | Palm Inc. | PALM-Q (Dead) | 6.090 | How many people do you know that carry around a palm. They are switching to Blackberry or iPhone. The only real upside is if someone who acquires it. | 2010-03-04 | ||
| DON'T BUY | Standard Life | SL-LSE | 0.001 | Not a big lover of life insurance companies. There are better ways to play the financial service sector. Would prefer Morgan Stanley. Not enough growth for him to get excited. | 2010-03-04 | ||
| WAIT | Petroleo Bras Sa Petro | PBR-N | 42.650 | If they continue with their sub-salt exploration they will eventually need more funding, so a new issue is likely. If they can get the oil and bring it up, then there is significant upside in this issue. It’s a little expensive for his liking – he would like mid-30’s. | 2010-03-04 | ||
|
| |||||||
| BUY | Veolia Environnement | VE-N | 32.390 | Water treatment. Cities outsource to this company. Infrastructure play. | 2010-03-04 | ||
| TOP PICK | Ports Design Limited | 589-HK | 0.010 | Ports Design (ADR). A champion brand out of China. Have a great understanding of their customer base. Luxury clothing. Getting recognition around the world. High margins. | 2010-03-04 | ||
| PAST TOP PICK | Danone | BN-FP | 0.010 | (Top Pick Oct 7/09, Up 7.2%) Still Likes it. | 2010-03-04 | ||
| PAST TOP PICK | Sinopec | 386HK | 0.010 | (Top Pick Oct 7/09, Down 9.78%) Still Likes it. | 2010-03-04 | ||
| TOP PICK | Givaudan SA | GVDNY-N | 0.010 | Flavours and fragrance company. Nutricueticals have to alternate the sweet or salty flavour and this company’s flavours are needed here. | 2010-03-04 | ||
| TOP PICK | China Mobile Hong Kong | CHL-N | 45.550 | Has been one of the worst performers in China and has under performed the index by about 50% or so. Yielding over 4%. 500 million subscribers and growing. | 2009-12-17 | ||
| PAST TOP PICK | Cisco | CSCO-Q | 23.180 | (A Top Pick Dec 29/08. Up 46.47%.) Strong believer in this one. One of his top 10 positions in his fund. 10%-15% long-term growth in sales. Still a buy. | 2009-12-17 | ||
| Comment | ING Groep NV | ING-N | 9.860 | Will be splitting into 2 parts, banking and life insurance. This is probably the right decision, as it will give them a focus. Thinks the insurance business is very strong. European banks are going to have a struggle. | 2009-12-17 | ||
| TOP PICK | Wells Fargo | WFC-N | 26.070 | Acquisition of Wachovia was brilliant. Very reasonably priced and gave them an expanded distribution base. Extremely strong deposit base, which means cost of funds is going to go down. Extremely well run. | 2009-12-17 | ||
| DON'T BUY | HSBC Holdings P L C | HBC-N | 55.350 | Purist global bank you will find. Closing some US branches, focused in Europe, strong presence in the Middle East and a very strong presence in Asia. Almost too diversified. Still not 100% sold on increasing weightings in banks. | 2009-12-17 | ||
| PAST TOP PICK | Nestles | NESN-SIX | 0.001 | (A Top Pick Dec 29/08. Up 27.8%.) Still likes. | 2009-12-17 | ||
| DON'T BUY | Visa Inc. | V-N | 87.030 | Relatively expensive valuation at 26 X earnings. Very strong growth and high margins. If global banks think they are making too much money and talk about starting to squeeze them, this would affect the stock and would be a time to buy. | 2009-12-17 | ||
| PAST TOP PICK | China Merchants Holding | 144-HK | 0.010 | (A Top Pick Dec 29/08. Up 56.02%.) Still likes. | 2009-12-17 | ||
| TOP PICK | Danone | BN-FP | 0.010 | French exchange. One of the quality growth stocks in Europe. Very strong free cash flow. Fast-growing businesses such as probiotic yogurt and medical nutritional are the highest margins for them. Expects to see 200-300 basis points improvement in margins with up to 10% growth in sales. 13 X earnings. | 2009-12-17 | ||
| WATCH | Bank of America | BAC-N | 17.350 | Net interest spreads are very wide but issue is still non-performing loans. How much will they increase? When they start coming down, that is when you want to buy US banks. Risk/reward is quite attractive but not sure we are there yet, but pretty close. | 2009-10-07 | ||
| SELL | CitiGroup | C-N | 4.640 | Has a lot of problems. A government owned bank now. There are a lot of moving parts in this company and it is hard to get them all moving in the right direction. | 2009-10-07 | ||
| TOP PICK | Cisco | CSCO-Q | 23.610 | (A Top Pick Dec 29/08. Up 47%.) Leader in data networking. One of the best-run technology companies in the US. Fantastic return on capital. Balance sheet that is strong enough to allow them to make acquisitions in areas where they need to fill holes. | 2009-10-07 | ||
| BUY | General Electric | GE-N | 16.160 | Suffered greatly during a financial meltdown because of their finance division. Shrinking the financial division and focused where they should be. The infrastructure business is doing extremely well. Cash flow is tremendous. A great long-term hold. | 2009-10-07 | ||
| BUY | Proctor & Gamble | PG-N | 56.950 | US consumer products but have significant exposure outside of the US. Focusing now on expanding the non--US side of the business, which makes a lot of sense. Well run company. Core kind of holding. | 2009-10-07 | ||
| BUY on WEAKNESS | Vale S.A. | VALE-N | 24.410 | Great run company and has had a fantastic run. Could have a pullback. | 2009-10-07 | ||
|
| |||||||
| PAST TOP PICK | Nestles | NESN-SIX | 0.001 | (A Top Pick Dec 29/08. Up %.) | 2009-10-07 | ||
| PAST TOP PICK | China Merchants Holding | 144-HK | 0.010 | (A Top Pick Dec 29/08.) | 2009-10-07 | ||
| TOP PICK | Danone | BN-FP | 0.010 | Dairy company but has done a great job in the medical and nutritional aspect of things. By moving to medical/nutritional they are able to expand margins. Have consistently been able to grow cash flow. Balance sheet is not as good as he would like because of acquisitions but they are focused on that. | 2009-10-07 | ||
| TOP PICK | Sinopec | 386HK | 0.010 | Sinopec. Hong Kong exchange. Integrated oil company in Hong Kong but focused on downstream of refining and retail. China has a rapid growth in automobile sales. The issue has been government controls on refining margins and gasoline prices but is becoming less of an issue. Expecting margins to go up from $7 to $8 this year. 2.7% yield. | 2009-10-07 | ||
| BUY | Borg Warner | BWA-N | 35.820 | Auto parts. Extremely well run. Good management and balance sheet. Have very good exposure to the turbochargers. | 2009-07-27 | ||
| TOP PICK | China Mobile Hong Kong | CHL-N | 51.980 | Largest mobile phone company globally. 450 million subscribers and adding 5-7 million new subscribers every month. Take in more cash than they spend. | 2009-07-27 | ||
| DON'T BUY | CitiGroup | C-N | 2.690 | If you are going to buy US financials, there are better names to play. Wouldn't touch this one. | 2009-07-27 | ||
| PAST TOP PICK | Cisco | CSCO-Q | 21.840 | (A Top Pick Dec 29/08. Up 36.29%.) Good management and good balance sheet. 60% market share in routers. Buy on weakness. | 2009-07-27 | ||
| Comment | Ford Motor | F-N | 7.270 | If you want to own a US auto company, this would be the one. He would rather own Toyota (TM-N) or BMW. However, he doesn't own any of the auto companies directly but goes through the auto parts company instead. | 2009-07-27 | ||
| TOP PICK | General Electric | GE-N | 12.320 | US giant that has been beaten up pretty hard. Still have really good businesses and infrastructure. One of the best positioned companies in power. Big wart is GE Capital and they are addressing this. Worst is behind them. Will still take a couple of years for GE Capital to recover but the rest of the business is doing very well. Generates a tremendous amount of cash flow. | 2009-07-27 | ||
| DON'T BUY | Goldman Sachs | GS-N | 163.870 | Exposed to every part of investment banking and have proven too big to fail. Too expensive. | 2009-07-27 | ||
| Comment | Proctor & Gamble | PG-N | 55.780 | Extremely well run company. Prefers Nestle (NSRGY-US) because of better margins. (See Past Picks.) | 2009-07-27 | ||
| BUY on WEAKNESS | Texas Instruments | TXN-Q | 24.010 | Often considered a proxy for the semiconductor space. The semiconductor market has been consolidating. There have been dramatic improvements in pricing. Expect demand for semiconductors will continue to grow over the next 6 to 12 months. Probably overbought and there will be a point in the next several months to get it at a better price. | 2009-07-27 | ||
| DON'T BUY | Barclays Bank PLC | BCS-N | 20.060 | UK banks in general have gone through difficulties. Credit market has been terrible. Economy seems to be slower than everywhere else. He is not a huge bull on the UK banking system in general. | 2009-07-27 | ||
| Comment | India Fund Inc. | IFN-N | 30.220 | He would rather own individual companies but for the individual investors that is looking to do it themselves this may be a way to do it. | 2009-07-27 | ||
| HOLD | ArcelorMittal | MT-N | 37.620 | Largest steel producer globally. With the urbanization of China and other emerging markets, there is a greater demand for steel and this company is benefiting. Well managed. | 2009-07-27 | ||
| Comment | Tata Motors Ltd. | TTM-N | 10.490 | This is a stock that is starting to peak his interest. Hasn't done a lot of study on it but the more he reads the more he is impressed. Their foray into the very inexpensive car market in India should be successful if they can produce the quality car. | 2009-07-27 | ||
| HOLD | Standard Chartered Bank | STAN-LSE | 0.001 | UK bank. Has positioned themselves very well. Good exposure in Asia and their business in the UK has been relatively stable. | 2009-07-27 | ||
| PAST TOP PICK | Nestles | NESN-SIX | 0.001 | (A Top Pick Dec 29/08. Up 7.24%.) Well respected management. Strong balance sheet. They are in a space that should grow. Good exposure to emerging markets. | 2009-07-27 | ||
| DON'T BUY | Banco Santander SA | STD-N | 14.160 | Spanish banks have been able to hold in and he thinks it's because of their exposure to Latin America. If they didn't have this along with their help from the Spanish government they would be in terrible shape. He would worry that at some point there will be something that may come home to roost. | 2009-07-27 | ||
|
| |||||||
| BUY | Visa Inc. | V-N | 68.190 | Very good industry. Limited competition. There is no credit risk as it is transaction oriented. As long as there is an improvement in consumption, which he expects, this company will benefit. There are also opportunities to grow in developing markets. Expanding into other things such as debit cards. On his watch list. | 2009-07-27 |
