| TOP PICK | | Energy Savings Income Fund | SIF.UN-T | 14.940 | Good track record with increasing its cash flow every year at 15% plus. Has no debt. When it converts to a corporation in 2010, it should be a very attractive equity. Expects it to double over the next 4-5 years. | 2007-08-29 | |
| HOLD | | Manulife Financial | MFC-T | 40.860 | He is looking to buy this in the mid-$30, but if it doesn't get there he will buy it anyways. Very well run company. Should grow at 15%-18% a year over the next number of years. | 2007-08-29 | |
| PARTIAL BUY | | Petro-Can | PCA-T | 53.370 | Growth profile is finally coming through quite well. Cheap on a numerical basis. Feels you will be up to get this below $50. | 2007-08-29 | |
| BUY on WEAKNESS | | Encana Corp | ECA-T | 62.330 | The difficulty with natural gas price is it is partially weather driven and US drilling has not slowed down as expected. Likes the stock on weakness. Try to buy 10%-15% below its current price. | 2007-08-29 | |
| BUY on WEAKNESS | | Kinross Gold | K-T | 12.280 | Has a good growth profile and looks like very good value at this level. If there is a US recession, gold and gold stocks should handily outperform the market. | 2007-08-29 | |
| DON'T BUY | | AbitibiBowater Inc. | ABH-T | 2.090 | Would avoid this stock at these levels. Have extremely high debt. Outlook for newsprint is not good and consumption has been declining in North America on a regular basis. Cdn$ is definitely hurting them. | 2007-08-29 | |
| TOP PICK | | MacDonald Dettwiler & Assoc. | MDA-T | 48.000 | Electronic software. Best known for its defence division with high revenues. Also involved in the US in real estate and insurance electronically. In the UK with its HIPS program. Tremendous history of growing earnings. Expects them to continue to grow at | 2007-08-29 | |
| TOP PICK | | Barrick Gold | ABX-T | 33.750 | Very bullish on gold. Has excellent internal growth through a number of different projects. Valuations on a price to cash flow basis are extremely attractive. You will have to be patient with this. | 2007-08-29 | |
| HOLD | | Research In Motion | RIM-T | 86.800 | It's a value manager it is very hard to buy a stock like this that has a very elevated PE multiple. He would love to buy it with the type of growth profile he sees in it but it would have to be done at a much more reasonable multiple. | 2007-08-29 | |
| WAIT | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Banks: - Sees 15% downside on banks. The most profitable and well run banks in the world. Expect their 4th quarter will be pretty much break even. | 2007-08-29 | |
| Comment | | Bank of Montreal | BMO-T | 65.400 | Just disclosed they are having continual difficulties getting their natural gas commodities trade book down to comfortable levels and are absorbing further losses. | 2007-08-29 | |
| BUY | | Goldcorp Inc | G-T | 24.690 | Has been quite suppressed by some production shortfalls and cost overruns, but he likes the gold area generally. One of the few commodities that will show upside over the next year. If you can be patient, this could be a very rewarding investment over th | 2007-08-29 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - One of the few commodities that will show upside over the next year. | 2007-08-29 | |
| Comment | | Yamana Gold Inc. | YRI-T | 11.330 | In the process of a 3 way combination with Northern Orion (NNO-T) and Meridian (MNG-T) and his company is an advisor on this transaction so he is not allowed to speak on this. | 2007-08-29 | |
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