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| Michael Smedley of Morgan Meighan & Associates |
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| SPECULATIVE BUY | Bombardier Inc (B) | BBD.B-T | 4.160 | Down and dirty. For contrarian portfolio, this could be an important component. Have mighty rail contracts with thin margin and occasionally executive jets and then the larger jets. | 2012-01-10 | ||
| WEAK BUY | Goldcorp Inc | G-T | 45.830 | Relatively low cost production. Gold is going to stay in a descent trading range at the very least. Forecasts average of $1800 for gold so it has a way to go to his target high of $1900. Costs are raging high ($1200-$1300 level). | 2012-01-10 | ||
| HOLD | Manulife Financial | MFC-T | 11.570 | One difficulty is that they have to invest the premiums and if they don’t you get no return. They are now telling agents not to write anything because they can’t do anything with the money. There have been mistakes in the past that we won’t talk about. All you can do is wait and hope that you get a descent recovery later in the year. | 2012-01-10 | ||
| BUY | PMI Ventures | PMV-X | 1.040 | He was increasing a position just a few days ago. They are an important new name but not widely followed yet. Where they are in Africa they are surrounded by very big names. Would continue to hold it and is buying it. He likes to be early. They are trying to come out with more drilling results in the next few days. | 2012-01-10 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 44.360 | Market Call Minute: Tricky condition. Every day you hear of another mind being closed down somewhere. | 2012-01-10 | ||
| TOP PICK | Research In Motion | RIM-T | 15.770 | Gradually ratchets itself up as they make nice noise. They make no more mistakes and analysts have to start nervously adjusting their estimates upwards day by day. Speculative pick, very high risk. | 2012-01-10 | ||
| WAIT | Thomson Reuters Corp | TRI-T | 28.370 | Had an interesting combination and really has been a disappointment. It’s importance seems far greater than its performance. IF they can get someone to really drive this company forward they can do better, but it is stuck in a range until then. | 2012-01-10 | ||
| BUY | Alimentation Couche-Tard (B) | ATD.B-T | 30.500 | Market Call Minute: Great company. | 2012-01-10 | ||
| BUY | Major Drilling Group International Inc | MDI-T | 15.660 | Pure rental drilling services in mining. Costs to their customers are continuing to increase and it is benefiting this company. Thinks the stock will continue to increase. | 2012-01-10 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Market is rebounding and is a predictable behavior due to tax issues. It could continue for a while but we are in for a year like last year. Expecting volatility. Strategy is to try to get back to some very good performances as in earlier years. Wants high quality, strong dividend stocks in utilities, phones and so on. Thinks there will be strong commodity market also. | 2012-01-10 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | How do you mix the various styles into one portfolio: He says you could have stocks, bond and fixed income. You can have one or two fliers. Go balanced and spread your risk. Don’t buy too many stocks and go with one or two exciting ones. | 2012-01-10 | ||
| PAST TOP PICK | Glentel Inc. | GLN-T | 19.330 | (Top Pick Feb 1/11, Up 39.12%) A very strong situation. | 2012-01-10 | ||
| HOLD | San Gold Corporation | SGR-T | 1.900 | Market Call Minute One mine but progressing. | 2012-01-10 | ||
| HOLD | Osisko Exploration Ltd. | OSK-T | 11.080 | Risk is not great. He still has half his original position. It is difficult to see how they move to the original 700,000 oz projection. These are very competent people, though. The jury is out as far has he is concerned. | 2012-01-10 | ||
| BUY | Canfor Pulp Products | CFX-T | 12.090 | They might be rising from the dead. He is convinced this is not a dead company. They survived the downturn. Has a fabulous yield of 13%, which doesn’t seem to be in danger. Low debt. | 2012-01-10 | ||
| BUY | Neo Material Technologies Inc. | NEM-T | 7.800 | Market Call Minute: Extremely competent. | 2012-01-10 | ||
| HOLD | Detour Gold | DGC-T | 27.700 | Market Call Minute: Was hit hard. | 2012-01-10 | ||
| DON'T BUY | Thompson Creek Metals | TCM-T | 7.760 | Gold is very, very large, but low grade. Also a Moly asset in the ground, which eventually might be more important. Run well and only pure producer of Moly until they get the gold mine going. Not one of his favorites, but no particular blemishes. | 2012-01-10 | ||
| PAST TOP PICK | Pacific Rubiales Energy Corp. | PRE-T | 21.980 | (Top Pick Feb 1/11, Down 35.28%) Whole Colombian territory was on the boil and they came off the boil. In this case there are some analysts that don’t like the company on a promotional aspect. | 2012-01-10 | ||
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| BUY | Fortress Paper | FTP-T | 27.120 | He hasn’t heard anything as to whether it is going well getting their pulp plant up and running. A difficult process of conversion, so he is hoping for the best. It is well down from amazing highs in the beginning. | 2012-01-10 | ||
| HOLD | Legacy Oil + Gas Inc. | LEG-T | 11.800 | You could take half out if you are holding too much, but the people are good. Has been clawing back since October. Continue to hold it. | 2012-01-10 | ||
| BUY | Sandstorm Resources Ltd. | SSL-X | 1.230 | Prefers this one. Has about 6 mines they can enjoy revenues from, competent people running the company. Holding up there nicely. The company has to build. | 2012-01-10 | ||
| PAST TOP PICK | Great Western Minerals Group | GWG-X | 0.580 | (Top Pick Feb 1/11, Down 38.70%) Rare metals are relatively out of favour. It was a fad sector and will probably be fine later and this one could get bought later on. | 2012-01-10 | ||
| BUY | Golden Minerals | AUM-T | 7.430 | There were forecasts of it going to $0 a year ago. Are diversified into Argentina and Mexico. Interesting assets. Experienced management. IF they can start coming through with the onset of their production news, then things should improve. Beware of the corrections. | 2012-01-10 | ||
| WEAK BUY | Sandstorm Metals & Energy | SND-X | 0.370 | Focused on Coal. Early phase. Competent people running the company. Prefers SSL | 2012-01-10 | ||
| WAIT | Orbite Aluminae | ORT-T | 2.870 | He is waiting to see if certain things happen. If they sign contracts to supply. The process works but can you really apply it I the real world. You only wait so long, a month or two. | 2012-01-10 | ||
| BUY on WEAKNESS | Poseidon Concepts | PSN-T | 13.680 | Has been a tremendous win and he added two or three days ago. Appears to be a simple business. Possibly a bit of worry that the fracking industry could suddenly have to disappear because it gets forbidden. Be careful not to buy too high. A competitor would take 2 years to enter this space. Don’t fear competition too much just now. | 2012-01-10 | ||
| HOLD | Stans Energy | HRE-X | 0.740 | Very old, Russian asset in rare earth space. They struggled for 11 years to separate rare earth. Has mining permits and the old plant in a dismantled condition, and the whole sector is rather out of favour. | 2012-01-10 | ||
| TOP PICK | Middleby Corp. | MIDD-Q | 93.720 | Kitchen appliances. Not very large cap. Very specialized and little known. Has catalytic converts over grills. Supply 2/3rds of restaurants, mainly in US. | 2012-01-10 | ||
| TOP PICK | Foran Mining Corporation | FOM-X | 0.600 | Manitoba, close to Hudbay. VMS, Multi-metallic deposit, very high grades, strong ownership by very important people in mining industry. Not easy to buy and one should be extremely careful. Speculative. | 2012-01-10 | ||
| PAST TOP PICK | Valeant Pharmaceuticals | VRX-T | 47.340 | (A Top Pick Jan 7/11. Up 34.82%.) Continuing to acquire and is brilliantly run. High-growth company. Still a Hold. | 2011-12-13 | ||
| Comment | Connacher Oil and Gas | CLL-T | 0.780 | A small operator which has done quite well in the past as a stock. At the moment, oil sands are somewhat out of favour. | 2011-12-13 | ||
| BUY | Home Capital Group | HCG-T | 49.120 | Hit by the market and by fears of housing, mainly a US situation. He thinks US institutional investors have been buying it. Has very few losses. Brilliantly run company. | 2011-12-13 | ||
| HOLD | Ivanhoe Mines | IVN-T | 16.570 | Working with Rio Tinto on a block caving project in Mongolia. This will be of enormous importance in the world. The thing to watch out for is initial production start up difficulties which mining usually has. If copper prices are sustained reasonably well, the stock should go up again. | 2011-12-13 | ||
| Comment | Niko Resources | NKO-T | 43.500 | Was a great winner years back when it became a 10% player in Reliance of India’s offshore fields. Has expanded into Indonesia. Executives pay themselves brilliantly. A bit of an awkward one for him. | 2011-12-13 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 41.740 | Fertilizer companies have moved into a period of unease. They have no expectation of rising potash prices but instead, falling prices. They have announced interesting cutbacks in production. Dragging down some of the other fertilizer stocks. | 2011-12-13 | ||
| HOLD | Research In Motion | RIM-T | 16.010 | Becoming difficult to say at what level this should be purchased at. At some point, the surprise will come. Seem to be dogged by bad luck. Really a “no hope” situation which makes no sense at all. Revenues and earnings are still growing. | 2011-12-13 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 19.220 | Very difficult to be positive on the lifecos. Scaling back part of their life operations in the US. One of the key problems with lifecos is to invest their premiums while they’re suffering in the stock market. This will continue for the time being. | 2011-12-13 | ||
| Comment | Suncor Energy Inc | SU-T | 29.050 | There are difficulties currently surrounding the oil sands. Blighted somewhat by having acquired Petrocan’s assets, which included Libya and Syria. He would worry about the rising costs that are deemed to be ahead. He is also concerned about the negative attitudes regarding the oil sands. It could go even lower. | 2011-12-13 | ||
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| Comment | Viterra Inc | VT-T | 10.850 | Company is amazing in its depth and breadth. A very serious, world scale company and owns 95% of the grain space in Australia. There has been a 30% falloff recently on the price of wheat. The stock has been stuck in a narrow range for a very long time. | 2011-12-13 | ||
| BUY | Wi-Lan Inc. | WIN-T | 5.180 | Suffering from the after effects of their attempt to acquire Mosaid (MSD-T). Very aggressive in the patents business. Should be a good buy at this level. Just announced an addition of 1400 patents. | 2011-12-13 | ||
| TOP PICK | Imperial Metals Corp | III-T | 12.780 | Super cash flows. Has expanded its Huckleberry (?) mine from 2014 to 2021. Developing its Spread Chris (?) which is constantly creating better and better results. | 2011-12-13 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. After the tax loss selling, there will be stars that rise in January. He finds you can usually make more money from discarded stocks from January on. The mining sector has been our leader all the way through the last year and earlier but started to falter this last spring and has never recovered. | 2011-12-13 | ||
| TOP PICK | Intact Financial | IFC-T | 58.700 | Property/casualty insurance. Marvellously run. Has just expanded by 40% by acquiring a Canadian subsidiary of a French company. Still motivated to buy up many more subsidiaries. | 2011-12-13 | ||
| HOLD | The Data Group Income Fund | DGI-T | 3.370 | (Market Call Minute.) Massive dividend should be sustained. Making acquisitions. Was slaughtered a few months ago by 2 technical analysts. | 2011-12-13 | ||
| PAST TOP PICK | Nuinsco Resources Ltd. | NWI-T | 0.075 | (A Top Pick Jan 7/11. Down 57.14%.) Current asset is in Egypt which knocked the stock down. Very interesting, prospective company with a very interesting association with the project in the Sudan. | 2011-12-13 | ||
| Comment | Orca Exploration Group (B) | ORC.B-X | 2.650 | (Market Call Minute.) Offshore gas in Tanzania. | 2011-12-13 | ||
| HOLD | LuLulemon Athletica | LLL-T | 46.320 | Clearly a wonderful, high achieving company. Recently reported positive earnings of revenue forecasts where a little bit shy. High growth stocks are extremely sensitive in these bear markets conditions. Has massive support from consumers with a little bit of caution in the air that can affect its numbers. | 2011-12-13 | ||
| HOLD | PetroBakken Energy | PBN-T | 10.570 | Has high dividends, which he likes. Tremendous cash flows. The parent, Petrobank (PBG-T) wants them to continue with their dividends. Production is up 23% year-over-year and expected to be up 15% next year. | 2011-12-13 | ||
| Comment | Cenovus Energy | CVE-T | 32.950 | Oil Sands but is more in SAGD, which is less pollutive. Well rated. If you have patience, this would be all right to buy. | 2011-12-13 | ||
| PAST TOP PICK | St. Augustine Gold and Copper | SAU-T | 0.250 | (A Top Pick Jan 7/11. Down 86.77%.) Eminently viable. One of the best, largest copper/gold assets globally. If it's financed, consider loading up. | 2011-12-13 | ||
| Comment | Millrock Resources | MRO-X | 0.380 | (Market Call Minute.) Very much down and dirty with the resources sector. Has some interesting relationships with Extrata (?). Will probably get much better again in the future. | 2011-12-13 | ||
| Comment | Orbite Aluminae | ORT-T | 2.600 | (Market Call Minute.) Alumina processes is tricky and this one is very clever. Seems to be proven but has to win contracts. | 2011-12-13 | ||
| TOP PICK | MI Developments | MIM-T | 32.420 | Manages the plants that Magna (MG-T) uses. Has brilliant new independent management. Quadrupled its dividend and turned itself into a REIT. | 2011-12-13 | ||
| Comment | Stans Energy | HRE-X | 0.670 | Rare earths in Kyrgyzstan. Was a pick of his at some point. (Don't have it in our records so not sure when it was the pick. Ed). Was never covered by analysts. Has sold most of his holdings. People will have been selling it for tax losses and will probably go a bit higher in the new year. | 2011-12-13 | ||
| Comment | Matamec Explorations | MAT-X | 0.340 | (Market Call Minute.) Interesting news on a venture of trying to get processing of its rare earths. | 2011-12-13 | ||
| Comment | Niko Resources | NKO-T | 54.830 | Went down with the markets and oil stocks at large. Have a huge gas relationship with Reliance in India. Pay themselves very large amounts of money. Very well-managed. Could very well come through with some big discoveries but needs a kick in the pants. | 2011-10-31 | ||
| TOP PICK | PMI Ventures | PMV-X | 1.160 | High grade gold in Ghana and has about 4 decent assets. Surrounded by other gold companies. Ghana has a long history of gold mining and good relationships. | 2011-10-31 | ||
| Comment | Potash Corp of Saskatchewan | POT-T | 47.180 | A cyclical stock. The world's leader in potash. If th sector goes up strongly, it should help the stock. | 2011-10-31 | ||
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| DON'T BUY | Research In Motion | RIM-T | 20.160 | Terrible looking chart and will probably go lower. Still have good revenues and earnings. | 2011-10-31 | ||
| Comment | Tembec Inc. | TMB-T | 3.200 | Madly (or insanely) interesting. Specializing in dissolving pulp. Thinks it's worth a lot of money in losses carried forward. | 2011-10-31 | ||
| DON'T BUY | Talisman Energy | TLM-T | 14.140 | Analysts and fund managers feel it is not focused. No great hopes for this and there are better choices out there. | 2011-10-31 | ||
| TOP PICK | Telus Corp | T-T | 53.630 | Excellent dividends which are rising by 10% a year. Expect they will merge their 2 classes of stock which will give them more liquidity. | 2011-10-31 | ||
| BUY | Wi-Lan Inc. | WIN-T | 7.420 | Have dropped their bid for Mosaid (MSD-T). Focused on communication patents. | 2011-10-31 | ||
| TOP PICK | The Brick Ltd | BRK-T | 2.890 | (A Top Pick Oct 29/10. Up 14.17%.) Largest furniture retail chain in the country. This is a turnaround situation run by very competent people. Making money and has no debt problems. | 2011-10-31 | ||
| BUY | Silver Wheaton | SLW-T | 34.420 | Good long-term hold. Not a miner but the 2nd largest holder of silver globally. There are opportunities ahead of them that might well make them the largest. | 2011-10-31 | ||
| BUY | The Data Group Income Fund | DGI-T | 3.090 | Totally confident that it can continue to pay its 20.8% dividend. Solid business. Just bought a new digital company, which will advance them in the digital print area. | 2011-10-31 | ||
| Comment | San Gold Corporation | SGR-T | 2.060 | Links are saying they should close down there on mine that is producing gold. Attempting to expand their asset towards the Red Lake area. They are in territory that has not been exploited. (See Top Picks.) | 2011-10-31 | ||
| PAST TOP PICK | Air Canada (B) | AC.B-T | 1.440 | (A Top Pick Oct 29/10. Down 62.33%.) Sold most of his position. Not happy with airlines as they don't really seem to work out. | 2011-10-31 | ||
| Comment | Fortress Paper | FTP-T | 38.260 | They are about to launch production on dissolving pulp in a converted mill that they acquired very cheaply in Québec. Have some forward about 80% of their product. Have good people with great experience in the business. | 2011-10-31 | ||
| HOLD | Orezone Gold Corp | ORE-T | 3.600 | Owners are now pursuing more West African assets. Producing and expanding. Good company. (See Top Picks.) | 2011-10-31 | ||
| PAST TOP PICK | Canacol Energy Ltd. | CNE-T | 0.660 | (A Top Pick Oct 29/10. Down 62.77%.) Has sold most of his holdings. Right to develop heavy oil in Colombia and is not working. | 2011-10-31 | ||
| Comment | Avion Gold | AVR-T | 2.130 | Gold. Has been expanding nicely. Had a slightly disappointing report on its earnings a couple of weeks ago. | 2011-10-31 | ||
| BUY | Sandstorm Resources Ltd. | SSL-X | 1.270 | Gold. Run by top notch people out of Silver Wheaton (SLW-T). Speculative. | 2011-10-31 | ||
| HOLD | Compass Minerals International | CMP-N | 76.070 | Stock dropped when it's Goderich, Ont salt mine had a fatal accident during a hurricane. Now recovering. Data on de-icing salt is very strong. | 2011-10-31 | ||
| Comment | Great Western Minerals Group | GWG-X | 0.640 | Rare metals space has gone a little quiet. Interesting because it has a smallish high-grade deposit in South Africa. Has also set up an operation with a Chinese company, which processes. | 2011-10-31 | ||
| Comment | Noah Holdings Ltd | NOAH-N | 8.720 | Drives domestic clients into funds in China. Still producing reasonable numbers. Sold almost all his Chinese stocks listed on the American boards. Difficult sector. | 2011-10-31 | ||
| WEAK BUY | Orbite Aluminae | ORT-T | 2.750 | Clever process for extracting alumina from clays in Québec. Have put out 70 tons of samples and now has to wait and see. Critical that in a couple of months aluminum companies will cooperate and use this instead of bauxite. Feels the process is working. Don't put too much into it. High risk but very interesting. | 2011-10-31 | ||
| HOLD | Harry Winston Diamond Corp. | HW-T | 11.110 | Diamonds. You can put a higher rating on the retail assets, particularly expansion in the far east and particularly the scarcity of diamonds. Good results reported about a month ago. | 2011-09-27 | ||
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| BUY | Agrium | AGU-T | 76.140 | Good entry point for a long-term hold. Brilliant company, both in production of nitrates/potash and its great retail chain across the US. | 2011-09-27 | ||
| BUY | Great West Lifeco | GWO-T | 20.410 | Almost down to its lows in 2009. Dividend should be secure. All insurance companies are affected by the stock market. | 2011-09-27 | ||
| PAST TOP PICK | Magna Int'l. (A) | MG-T | 34.800 | (A Top Pick Sept 24/10. Down 10.29%.) Had a 2 for 1 stock split in November. Still a Buy. | 2011-09-27 | ||
| BUY | Research In Motion | RIM-T | 23.150 | Still firmly in control of its great global network. Haven't got certain events synchronized which could have helped them. Things should improve with their new operating system coming out. Worth a punt. | 2011-09-27 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 32.060 | The last of the great mining groups. Needs coal and zinc firing well. Support will depend on the commodity sector. | 2011-09-27 | ||
| Comment | Talisman Energy | TLM-T | 13.520 | Has made a lot of expansion moves under new management. There has been no news lately on it and will have to have another look at it. | 2011-09-27 | ||
| HOLD | Wi-Lan Inc. | WIN-T | 6.650 | Making a hostile takeover bid for Mosaid (MSD-T). The sector of patents is in a state of huge flux. | 2011-09-27 | ||
| PAST TOP PICK | Imperial Metals Corp | III-T | 20.360 | (A Top Pick Sept 24/10. Up 0.69%.) Really one of the most spectacular mining developments in modern times. Generating great cash flows from its older properties but also has a future mine, which it is slowly developing on its own. | 2011-09-27 | ||
| TOP PICK | Uranium One Inc. | UUU-T | 2.380 | The world's most successful uranium company. Russian controlled and have put some extra mines into it. The only global uranium company that managed to meet its targets last year. Great performance profile in the future. | 2011-09-27 | ||
| HOLD | Cline Mining Corp. | CMK-T | 1.390 | Does seem that coal demand is firm for the future. Has a rather nice smallish mine in the US. Investors would hope for a takeout. | 2011-09-27 | ||
| PAST TOP PICK | Glentel Inc. | GLN-T | 17.340 | (A Top Pick Sept 24/10. Up 82.78%.) Had a 2 for 1 stock split in May. Prosperously successful. Rising revenues. | 2011-09-27 | ||
| HOLD | Nuinsco Resources Ltd. | NWI-T | 0.100 | A very active group of people. Burdened by both the market correction and their main asset, which is in Egypt. Have also managed to set up in the Sudan. | 2011-09-27 | ||
| DON'T BUY | Air Canada (B) | AC.B-T | 1.410 | The strike is now over and fuel prices have come down. Doesn't feel comfortable at the moment and he would go elsewhere. | 2011-09-27 | ||
| Comment | LuLulemon Athletica | LLL-T | 56.990 | Still seems to be foremost in the lines and still king of the fashions in sportswear. He would wait for a correction. | 2011-09-27 | ||
| BUY | Fortress Paper | FTP-T | 32.900 | 3 components. Banknotes, wallpaper and a pulp mill in the East. Down heavily and not firing off as heavily as he expected. There has been a little delay in the start up of the pulp mill. Brilliant management. | 2011-09-27 | ||
| HOLD | Open Range Energy Corp. | ONR-T | 9.400 | A very fashionable stock. Excellent management. Great scope for increasing. | 2011-09-27 | ||
| Comment | Great Western Minerals Group | GWG-X | 0.740 | Rare earth space has been covered for some time and interest looks like it is starting to fade. Other events in the market are also crowding it out. Longer-term, is one of the better prospects. Has a smallish mine in South Africa. In partnership with a Chinese company that is expert in processing. Also has processing plants UK and US. | 2011-09-27 | ||
| HOLD | St. Augustine Gold and Copper | SAU-T | 0.550 | Has gone down too much, largely because of the way the commodity markets corrected. They have to get into the development stage. | 2011-09-27 | ||
| TOP PICK | Karnalyte Resources | KRN-T | 15.400 | Potash. Located in Saskatchewan and 30% owned by its president. Have been hitting all their targets. | 2011-09-27 | ||
| TOP PICK | Gibson Energy | GEI-T | 17.710 | 5.5% yield. Very large midstream company and was in the private sector for 57 years. Brilliant management. Into installations of piping and other infrastructure facilities in western Canada and US. | 2011-09-27 | ||
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| HOLD | Ratel Group Ltd | RTG-T | 0.250 | A latent gold asset in Nigeria that is yet to be developed. Can't say much about it as he is still waiting for news himself. | 2011-09-27 |
