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 17 registered members and 102 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Michael Simpson, CFA of Sentry Select Capital Corp |
|---|
| The Exchange Tower |
| 130 King Street West, Suite 2850 |
| Toronto ON |
| M5X 1A4 |
| 416-861-8729 |
| Michael Simpson, CFA's website |
| Toll Free: 1-888-246-6656 |
| Fax: 416-364-1197 |
| info@sentryselect.com |
| PAST TOP PICK | Astral Media | ACM.A-T | 34.030 | (A Top Pick Sept 10/10. Down 11.52%.) | 2011-09-15 | ||
| WATCH | General Electric | GE-N | 16.080 | As the economy improves, they will have room to raise its dividends and grow its earnings and cash flow. Besides present industrials, it has gone into wind turbine and solar. Interesting company to watch. | 2011-09-15 | ||
| Comment | Royal Bank | RY-T | 47.470 | Toronto Dominion (TD-T) or Royal (RY-T) for a long-term hold? Royal just sold their US retail operations while TD continues to expand and is attracting a lot of deposits. Would prefer TD because of less trading activity but a very hard question as they are both very close. | 2011-09-15 | ||
| Comment | Toronto Dominion | TD-T | 75.170 | Toronto Dominion (TD-T) or Royal (RY-T) for a long-term hold? Royal just sold their US retail operations while TD continues to expand and is attracting a lot of deposits. Would prefer TD because of less trading activity but a very hard question as they are both very close. | 2011-09-15 | ||
| BUY | Talisman Energy | TLM-T | 15.050 | 50% oil and 50% gas with properties in Canada, US and Asia. Marcellus in the US is interesting. Much cheaper than some of the other large integrateds. Just announced a joint venture with Total (TOT-N) in one of their Asian properties. Valuation is good. | 2011-09-15 | ||
| TOP PICK | CML Healthcare | CLC-T | 8.980 | Medical testing labs. Expansion into the US has been a disaster and CEO and COO were let go. The Cdn business works fine and generates a lot of cash flow. Expect the US assets to be sold. Expect a new permanent CEO by November. Trading at about 10-12 years historic lows at about 8.2X cash flow. Will be paying $0.75 dividend for the rest of 2011. | 2011-09-15 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Cash. The amount you hold depends on your risk tolerance. To take advantage of volatile markets, you may want to have 7%-10% in cash. | 2011-09-15 | ||
| Comment | Daylight Energy Ltd | DAY-T (Dead) | 7.010 | About 60% gas weighted. Balance sheet is a bit stretched and they may have to raise equity or do a high yield debt issue Some of their oil plays haven’t gone as well as they would have liked. | 2011-09-15 | ||
| TOP PICK | Equifax Inc. | EFX-N | 32.160 | Credit bureau. #1 or #2 in all markets they are in. 2% dividend yield. Trades at about 8X cash flow. 17% ROE. Benefits from a credit contraction as banks do a more thorough research. Expecting more dividend increases. | 2011-09-15 | ||
| PAST TOP PICK | Mullen Group Ltd | MTL-T | 21.250 | (A Top Pick Sept 10/10. Up 53.37%.) | 2011-09-15 | ||
| DON'T BUY | Chorus Aviation Inc | CHR.B-T | 4.190 | Airline with some of the smaller regional Cdn routes. Load factor is quite good. Yield of 14%. Will have to spend money on new planes in the next little while, which will increase their debt. He would prefer Cargojet (CJT-T). | 2011-09-15 | ||
| BUY | Brookfield Asset Management (A) | BAM.A-T | 28.730 | At the head of a huge web where they invest in a whole suite of smaller companies. Prefers to own this one. Trades at a discount to NAV. Dividend is less than 2% but expecting this will get increased over time. For a higher dividend you would go into one of their smaller holdings. | 2011-09-15 | ||
| TOP PICK | Lassonde Industries Inc. | LAS.A-T | 69.110 | Juices and sauces. Recently made a US acquisition. Very good ROE. Clean balance sheet. Debt will temporarily go up 2.3-2.4 times EBITDA. | 2011-09-15 | ||
| PAST TOP PICK | Scholastic Corp. | SCHL-Q | 27.080 | (A Top Pick Sept 10/10. Up 6.7%.) | 2011-09-15 | ||
| TOP PICK | Agrium | AGU-T | 78.010 | Likes their retail business because it is more stable. Operations in several countries giving good diversification. Trades at about 12X forward earnings. Good entry point. After they complete their CapX program they will have room to increase their dividend. Payout ratio of about 6%. | 2011-06-17 | ||
| PAST TOP PICK | Intel | INTC-Q | 21.190 | (A Top Pick July 7/10. Up 9.72%.) A lot of analysts are worried about their lack of exposure to tablets but they are coming out with a new chip. 3.4% dividend yield. Still Likes. | 2011-06-17 | ||
| Comment | Manulife Financial | MFC-T | 15.560 | If yields rise, this company will benefit. Have been hedging but is only on a small percentage of the overall portfolio. Key growth area for them is Asia. Watching this as it is a bellwether. | 2011-06-17 | ||
| BUY | NAL Energy Corp | NAE-T | 11.080 | About 50% between oil and gas as well as managing some oil/gas assets for Manulife (MFC-T). Drilling for oil in the Cardium. Payout ratio (with the Drip included) is about 108%-110%. | 2011-06-17 | ||
| Comment | Research In Motion | RIM-T | 27.240 | US analysts have given up n this a long time ago but Cdn analysts still hung. Feels their Playbook is not a bad product technically. No debt and cash on the balance sheet. Feels it is getting pretty close to a bottom. If they can earn $3.50 or $4, it’s a pretty cheap stock. | 2011-06-17 | ||
|
| |||||||
| DON'T BUY | Superior Plus Corp | SPB-T | 11.300 | Propane, pulp chemicals and dry wall construction distribution. Last quarter was good with the cold winter. Feels their debt levels are too high. Regarding the dividend payout, it’s a higher risk. | 2011-06-17 | ||
| PAST TOP PICK | TransForce Inc. | TFI-T | 14.400 | (A Top Pick July 7/10. Up 65.57%.) Great trucking company. Made some acquisitions. Some hidden assets in their garbage division. Still likes. | 2011-06-17 | ||
| TOP PICK | Winpak Ltd. | WPK-T | 11.450 | They do manufacturing for food, labels for yogurt and containers for Pringle Chips and convenience foods. ROC of 19%. No debt. Trades at 12X earnings. | 2011-06-17 | ||
| HOLD | Yellow Media Inc | YLO-T | 3.320 | Sold their trader publication to a private equity firm and the closing is sometime at the end of June. Expect the dividend will be secure for the rest of this year. Business is in decline. Transitioning from print to on-line, which is lower margin and more competitive. Dividend could get reduced in 2012. Would hold and look for a rebound. | 2011-06-17 | ||
| DON'T BUY | Armtec Infrastructure | ARF-T | 3.160 | Original business was producing pipe and drainage products but got into pre-cast concrete in the last couple of years. Had too much debt, violated their covenants and the bankers forced them to cut their dividend to zero. | 2011-06-17 | ||
| DON'T BUY | Altus Group | AIF-T | 7.900 | Real estate advisory and have a small survey business in western Canada. Q1 was disappointing. Would be concerned unless they could deliver stronger fundamental results. | 2011-06-17 | ||
| TOP PICK | Quest Diagnostics Inc. | DGX-N | 60.560 | Diagnostic laboratory. Trades at about 7X cash flow. 9.4% free cash flow yield. Good leverage to the economy. Do about 5,000 patient tests daily. Clinics are nation wide and reach about 50% of doctors and hospitals.. | 2011-06-17 | ||
| PAST TOP PICK | Futuremed Healthcare | FMD-T | 7.740 | (A Top Pick July 7/10. Down 10.07%.) Sold his holdings. | 2011-06-17 | ||
| DON'T BUY | Premium Brands Holdings Corp | PBH-T | 16.130 | Make snacks, sandwiches, etc. Have facilities across Canada and in the Pacific north west of the US. Likes this business. Debt to EBITDA is about 3.4X, which is too high for him. | 2011-06-17 | ||
| Comment | Extendicare REIT | EXE.UN-T | 10.800 | Long-term seniors’ care facilities in US and Canada. Complicated business because of government rules/regulations that vary among jurisdictions. They need to keep their beds filled and the rules can be varied so he doesn’t own. | 2011-06-17 | ||
| BUY on WEAKNESS | Keyera Corp | KEY-T | 36.930 | Process natural gas and store natural gas liquids such as propane, butane condensate. Good management. Just raised their dividend and he expects future dividend increases. | 2011-03-04 | ||
| BUY on WEAKNESS | Potash Corp of Saskatchewan | POT-T | 59.360 | In agriculture he prefers Agrium (AGU-T), Alliance Grain Traders (AGT-T) and Viterra(VT-T). This one has had a nice run on the back of Potash prices going up. Food shortages in some parts of the world and fertilizer prices are rising. | 2011-03-04 | ||
| BUY on WEAKNESS | Rogers Communcations (B) | RCI.B-T | 33.930 | A lot of competition in the telecom space. Price is getting to a point where it is more interesting and would definitely be interested around $32-$33. Raises a lot of free cash flow. Raised their dividend this last quarter. | 2011-03-04 | ||
| PAST TOP PICK | Canadian Real Estate Investment | REF.UN-T | 33.260 | (A Top Pick Feb 23/10. Up 26.91%.) | 2011-03-04 | ||
| WATCH | Research In Motion | RIM-T | 64.530 | Doesn’t pay a dividend so he doesn’t own but is following it. Also very volatile. Have to come out with new products that resonate with consumers. In the last 6 months it has gravitated from a growth stock to a value stock. Would prefer it at a lower price. | 2011-03-04 | ||
| HOLD | Suncor Energy Inc | SU-T | 46.390 | Global assets but the important one to him is the oil sands in Northern Alberta. Sees higher cash flows and dividend increases. | 2011-03-04 | ||
| BUY | Trans Canada Corp | TRP-T | 38.550 | Big blue chip utility. Primarily pipeline and power. Pipeline is about 70% of their EBITDA. Analysts think they can grow dividends over the next couple of years as they have growth projects coming on. Bought some power assets in New York state, which some analysts feel will start to perform a bit better. If you have a longer-term outlook, this would be a good one to own. 4% yield. | 2011-03-04 | ||
| PAST TOP PICK | Telus Corp | T-T | 48.130 | (A Top Pick Feb 23/10. Up 47.77%.) Have the ability to keep increasing dividends. | 2011-03-04 | ||
| TOP PICK | Wal-Mart Stores Inc. | WMT-N | 52.070 | World’s largest retailer. Just gave a 21% dividend increase. Analysts didn’t like the last quarter when their same store sales growth was negative so the stock was punished. Trading at 11.5X 2011 earnings. Likes that they buy back shares and reduce debt. New focus on merchandising. 2.8% yield. | 2011-03-04 | ||
| Comment | Westshore Terminals Inc. | WTE.UN-T | 22.500 | Largest coal handling terminal in the west part of the western hemisphere. Asian demand for metallurgical coal is really growing, which has helped them. Really started to run up in late 2010. Converted from an income trust to a stapled (?) unit. No debt. Got too pricey for him so sold his position. | 2011-03-04 | ||
|
| |||||||
| DON'T BUY | Armtec Infrastructure | ARF-T | 17.460 | Good company but became too overextended as they made acquisitions. Too much debt and the payout ratio is too high. Expect they may have to raise equity in 2011. He owns the bonds. | 2011-03-04 | ||
| TOP PICK | Intact Financial | IFC-T | 48.850 | Insurance company big in Ontario, Alberta and Quebec. About 70% of revenue comes from personal, auto and home. Because of reforms, expects auto insurers in Ontario are not going to have to pay out more in terms of expenses. Good balance sheet. Just raised their dividend by 8%. Have some good catalysts. Could be an acquirer. 3% yield and expects that to grow along with earnings. | 2011-03-04 | ||
| Comment | Trilogy Energy Corp | TET-T | 21.300 | Primarily focused on natural gas. Currently natural gas outlook is not good but inventory figures show it is at the 5-year level. Pricing will probably not get better until late 2012. If you own, consider taking some profit. | 2011-03-04 | ||
| HOLD | Daylight Energy Ltd | DAY-T (Dead) | 11.100 | About 50-50 on oil and natural gas. Currently their capital spending is directed towards oil. Payout ration is about 40%. Expect with current oil prices they’ll be able to sustain the dividend. | 2011-03-04 | ||
| DON'T BUY | Groupe Aeroplan Inc | AIM-T | 12.850 | Loyalty plan. Big concern is that there is a push to allow members to redeem points. Analysts are concerned about large amounts of redemptions on points that are about to expire. | 2011-03-04 | ||
| Comment | Capital Power L.P. | CPA.UN-T (Dead) | 18.950 | Primarily coal generated power plants. Stock just dropped and he doesn’t know why. | 2011-03-04 | ||
| TOP PICK | K-Bro Linen Inc | KBL-T | 20.720 | About 80% of business is supplying linens to hospitals and 20% to hotels. Active in 6 provinces. About 50% payout ratio. Low debt. Have ability to make further acquisitions. 5.5% yield. | 2011-03-04 | ||
| PAST TOP PICK | Pengrowth Energy | PGF-T | 12.790 | (A Top Pick Feb 23/10. Up 24.17%.) | 2011-03-04 | ||
| HOLD | Agrium | AGU-T | 83.710 | Outlook for fertilizer and agriculture stocks is quite good. | 2010-12-02 | ||
| BUY on WEAKNESS | Inter Pipeline Fund | IPL.UN-T | 15.000 | Good long-term energy infrastructure play with energy storage assets in Europe and pipelines in western Canada. Very well managed. Will stay as a limited partnership rather than converting to a Corp and keeping their distribution. Big growth will be the corridor pipeline, which will carry oil sands oil. | 2010-12-02 | ||
| Comment | NAL Energy Corp | NAE-T | 12.160 | Equal weighted between oil and gas. Interesting new oil play, Garrington in Alberta. Expect they will focus on oil because of low gas prices. Payout ratio is a little above 100%. | 2010-12-02 | ||
| BUY | Rogers Communcations (B) | RCI.B-T | 36.010 | (Market Call Minute.) Great telecommunications cable/wireless company. | 2010-12-02 | ||
| BUY | Saputo Inc. | SAP-T | 37.790 | Cheese operations in Canada, US, Argentina and Europe with products of cheese, milk and whey. Does a good job of acquiring by using debt and once the acquisition is stabilized, they pay down debt. | 2010-12-02 | ||
| PAST TOP PICK | Superior Plus Corp | SPB-T | 10.980 | (A Top Pick Dec 3/09.) 8.25% corporate bond due October 27/16. Collected 2 coupons but they went on a Buying spree in the US so he Sold his holdings. Debt levels were way too high. | 2010-12-02 | ||
| TOP PICK | Stantec Inc | STN-T | 27.020 | Engineering/consulting firm with no construction risks. Environmental line had been growing very well but was a little weak last quarter. Acquiring engineering/architectural firms in Canada and US. Expect they will start paying a dividend over the next 24 months. Good backlog. Trading at about 11X next year’s earnings. | 2010-12-02 | ||
| BUY | Viterra Inc | VT-T | 9.480 | Grain handling in Canada and Australia. Limited commodity risks. Just announced they are going to start paying dividends, slightly over 1%. Getting involved in food processing. | 2010-12-02 | ||
| DON'T BUY | Toronto Dominion | TD-T | 73.290 | Just announced 24% growth. More employees in US than in Canada. Low ROE in the US at 6%. Canadian costs are up. Home ownership in Canada is at record highs and doesn’t see a lot more in home ownership. Doesn’t expect lending and mortgages to grow as much. Would like to see a lower price. | 2010-12-02 | ||
| BUY | Thomson Reuters Corp | TRI-T | 37.760 | (Market Call Minute.) Great media company providing systems for financial, legal and health care companies. Great grower of dividends. | 2010-12-02 | ||
| PAST TOP PICK | Telus Corp | T-T | 47.710 | (A Top Pick Dec 3/09. Up 43%.) New TV product, IPTV is doing well in western Canada. Can bundle it with their other wire line and wireless products. Main competitor Shaw (SHR.B-T) is just starting to build out a wireless network. 2 dividend increases this year. | 2010-12-02 | ||
| HOLD | Westshore Terminals Inc. | WTE.UN-T | 23.120 | Great infrastructure asset. Largest coal handling facility in the western Hemisphere. No debt. Fully valued. Would be a Buy in the $20.50 to $21 range. 7% yield. | 2010-12-02 | ||
|
| |||||||
| DON'T BUY | Yellow Media Inc | YLO-T | 6.170 | (Market Call Minute.) Far too much debt and have cut their dividend once this year. | 2010-12-02 | ||
| TOP PICK | Alimentation Couche-Tard (B) | ATD.B-T | 25.860 | Mac’s chains across Canada. Also have some US stores. Last quarter results were good. Raised dividend by 25%. Trading at about 11.5X next year’s earnings. | 2010-12-02 | ||
| BUY on WEAKNESS | Cineplex Inc | CGX-T | 22.450 | Great Management. Announced they will be converting to a Corp and keep their distributions were they are. | 2010-12-02 | ||
| DON'T BUY | Progress Energy Resources Corp | PRQ-T | 11.670 | (Market Call Minute.) Primarily natural gas. Very few if any hedges. | 2010-12-02 | ||
| Comment | Armtec Infrastructure | ARF-T | 16.000 | Involved in pre-cast concrete barriers. Weak last quarter. Large debt because of acquisitions. Want debt down to 2X EBITDA so would be prudent for them to cut dividends by 15%-20%. Expect they will raise equity in 2011.Converting to a Corp Jan 1st. 13.5% yield. (Owns the bonds rather than equity.) | 2010-12-02 | ||
| BUY | Boardwalk REIT | BEI.UN-T | 41.300 | (Market Call Minute.) Largest apartment owner in Canada. Great presence in Alberta. | 2010-12-02 | ||
| WATCH | Retrocom Mid-Market REIT | RMM.UN-T | 5.130 | Some properties are in very old malls that need a lot of work and CapX. Speculation that a larger REIT would take it over. He’ll Watch to see if management can revitalize some of the older properties, get new tenants and increase the cash flow. | 2010-12-02 | ||
| BUY | Reitmans (Canada) Ltd. (A) | RET.A-T | 19.080 | (Market Call Minute.) Well managed. Some analysts didn’t like their same store sales but they have $4 in cash. Expects dividend increases. | 2010-12-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Natural Gas. 2 types, wet and dry. Dry is without associated liquids and wet will include propane, butane or ethane, which are priced off of oil and help offset natural gas prices. | 2010-12-02 | ||
| DON'T BUY | Student Transport of America Ltd. | STB-T | 5.950 | (Market Call Minute.) Student Transportation. Making too many acquisitions. Can’t manage their debt or payout. | 2010-12-02 | ||
| BUY | Daylight Energy Ltd | DAY-T (Dead) | 9.930 | About 55% gas, 45% oil. Recently selling properties to become more concentrated. Some interesting oil properties in Alberta that they can exploit. | 2010-12-02 | ||
| BUY | Altus Group | AIF-T | 12.700 | Real estate advisory with tax appraisals, surveys (in western Canada) .Had a weak Q3. Have some hidden assets that they may spin off. Well managed. Good Buy for a 3 to 5 year time horizon. | 2010-12-02 | ||
| BUY | Vicwest Inc | VIC-T | 14.650 | Constructs agricultural storage facilities. Had a very tough year in western Canada because of flooding. Huge demand for storage in Europe and Asia. 10.5% yield. | 2010-12-02 | ||
| PAST TOP PICK | Canadian Helicopters Group | CHL.A-T | 14.800 | (A Top Pick Dec 3/09. Up 74%.) Largest helicopter operators in Canada. Service energy, mining and some firefighting. No debt. Trading below replacement value. Still a Buy. 7% yield. | 2010-12-02 | ||
| DON'T BUY | Morneau Shepell Inc | MSI-T | 9.580 | Pension benefits consulting. Long term contracts. Good customer retention. Debt level is about 2.9X debt to EBITDA. Have to come down to 2.5X by June 30/11. | 2010-12-02 | ||
| DON'T BUY | Chorus Aviation Inc | CHR.B-T | 5.160 | 2nd largest regional airline in Canada. Over 100% payout ratio. Have to buy 15 Q400 aircraft, which they originally thought they would lease. Prefers Cargojet (CJT.UN-T) that has 50% market share, lower payout ratio and lower debt levels. | 2010-12-02 | ||
| WATCH | Futuremed Healthcare | FMD-T | 6.390 | Distribute healthcare products primarily to retirement homes. Started to see more competition in the 2nd quarter and intensified in the 3rd quarter. Cut distributions once but may do another cut. He’ll wait for Q4 results. | 2010-12-02 | ||
| BUY on WEAKNESS | Tim Hortons | THI-T | 41.280 | Great company. Very dominant and huge in Canada but finding it more difficult in the US. Sold their New England holdings. Speculation they will pay out a one-time special dividend. Would Buy on a pull back. | 2010-12-02 | ||
| Comment | Canfor Pulp Products | CFX-T | 15.860 | Pulp. Great assets in B.C. Pulp prices peaked around August and day’s inventory has been increasing. Pulp is cyclical so he plays it cautiously. Outlook is positive but he feels pulp prices may have peaked. 19% yield. If you own, consider taking profits. | 2010-12-02 | ||
| BUY | Alliance Grain Traders Inc. | AGT-T | 28.670 | Processes lentils and beans and now getting involved in rice. Have a great Turkish partner | 2010-12-02 | ||
|
| |||||||
| TOP PICK | McCormick & Co | MKC-N | 45.890 | Spices. Has been around for over 100 years and has paid a dividend for over 85 years. Have grown their dividend over the last 10 years at a rate of 194%. About 65% of sales are to grocery stores were they make big margins. 40% to industrials and food manufacturers. | 2010-12-02 | ||
| TOP PICK | Astral Media | ACM.A-T | 38.420 | Have interests in specialty and pay TV, radio and out-of-home billboard ads. Paying down debt and buying back shares. Good cash flow business. | 2010-09-10 | ||
| BUY | Bonavista Energy Corp | BNP-T | 23.770 | Excellent conservative management. About 68% natural gas. Great new area, Holbie (?) where Nat gas prices are low but they get the benefit of having Nat gas as liquids, propane, butane that are priced off of oil. Will convert to a Corp with a small amount of growth and pays a dividend. | 2010-09-10 | ||
| Comment | Husky Energy | HSE-T | 25.720 | New CEO with telecom experience. Large shareholder in Hong Kong likes the dividend but if the board wants to see growth, the dividend might be at stake. | 2010-09-10 | ||
| Comment | Rogers Sugar Inc | RSI-T | 4.860 | Limits on how much beet sugar can be shipped to the US. Key input costs are Nat gas, which is working on their side. Prime market is Canadian. | 2010-09-10 | ||
| HOLD | Vermilion Energy Inc | VET-T | 36.830 | Low payout ratio. Were paying foreign taxes on their holdings in France, Netherlands and Australia. Good growth projects in the Irish North Sea. | 2010-09-10 | ||
| PAST TOP PICK | Computer Modeling Group Ltd | CMG-T | 17.990 | (A Top Pick Sept 17/09. Up 19.28%.) Software for heavy oil reserves. Increases their dividend. No debt. | 2010-09-10 | ||
| BUY | CML Healthcare | CLC-T | 11.230 | Lab and Imaging business. Made a US acquisition about 2 years ago that hasn’t worked out. Q1 had poor results due to economy and a harsh winter. 2nd quarter was a turnaround with margins up to 11%. Will convert to a corp and have set their dividend to $0.75. | 2010-09-10 | ||
| BUY | Badger Daylighting | BAD-T | 14.500 | Holes and trenches for utilities and around the oil sands. Have corporate and franchisee trucks. Last quarter indicated things were turning around and was more positive. Cheap at 5X on a Price to Cash Flow basis. Conservative management. | 2010-09-10 | ||
| DON'T BUY | Penn West Petroleum | PWT-T | 19.690 | Cut distribution by about 40%. Have always had problems with their capital efficiencies compared to their peers. Started farming out some of their massive land holdings, which helps, but until he can this demonstrated he wn’t own. | 2010-09-10 | ||
| TOP PICK | Mullen Group Ltd | MTL-T | 14.190 | Trucking and logistics. Know primarily for being in the oil field services in western Canada but are doing a lot of infrastructure work. Their Canadian de-watering unit is helping in cleaning of oil sands tailing ponds. Looking for dividend increases in the near term. | 2010-09-10 | ||
| DON'T BUY | Canfor Pulp Products | CFX-T | 13.540 | Pulp prices have been coming down but this was off of record prices. Pulp inventories are gradually increasing. Coming off the best times so things might slow. | 2010-09-10 | ||
| Comment | Carfinco Financial Group | CFN-T | 5.900 | Consumer loans for cars. If payer is delinquent or behind, they can stop car from running or set off an alarm. Looking at this one. | 2010-09-10 | ||
| PAST TOP PICK | Cargojet Inc | CJT-T | 7.300 | (A Top Pick Sept 17/09. Up 34.77%.) Took a lot of costs out of the system. Still likes. Starting to see volume come back. | 2010-09-10 | ||
| PAST TOP PICK | Black Diamond Group | BDI-T | 17.850 | (A Top Pick Sept 17/09. Up 34.66%.) Took some profits but adds to it when it’s under $17. Good margins. | 2010-09-10 | ||
| TOP PICK | Scholastic Corp. | SCHL-Q | 25.650 | World’s oldest publishing/distribution, primarily children’s education and media. 1.17% yield but have potential to grow it 30%-50%. Will generate $100 million in free cash flow. Trades at about only 4.8X enterprise to cash flow. Strong balance sheet with virtually no debt. | 2010-09-10 | ||
| HOLD | Arc Resources Ltd | ARX-T | 19.860 | 50/50 oil and gas. Have some interesting plays, particularly in Northeast BC where he can see good strong production growth. Will be converting some time later this year. Spending capital on processing of natural gas so distribution could possibly be cut. | 2010-07-07 | ||
| DON'T BUY | Veresen Inc | VSN-T | 10.410 | (Market Called Minute.) Great asset in the Alliance pipeline. Better names out there. | 2010-07-07 | ||
| BUY on WEAKNESS | Brookfield Renewable Energy | BEP.UN-T | 19.840 | Long life assets in Hydro/electrical water driven with about 11% in wind power. Trading at about 9.5X on a price to cash flow basis. To maintain distributions after they convert. Buy below $19.50. | 2010-07-07 | ||
| TOP PICK | Intel | INTC-Q | 20.143 | World's largest semiconductor chipmaker based on revenue. Grown dividends by 23% over the last 5 years. Have $2.93 cash per share. Huge demand in Asia and emerging markets as well as Apple and RIM products. Trading at about 10X 2011 earnings. | 2010-07-07 | ||
|
| |||||||
| Comment | Labrador Iron Ore | LIF.UN-T | 44.310 | World-class iron ore deposit in Labrador. Iron ore prices are quite strong. No debt. Will be converting. If you are bullish on world steel demand, continue to hold. | 2010-07-07 |
