| TOP PICK | | Syngenta AG | SYT-N | 56.100 | (A Top Pick July 18/07. Up 41%.) Largest global manufacturer of herbicides/pesticides and 3rd largest seed company. Got ahead of itself when it got into the $60’s and he sold some of his holdings. Outlook for agriculture looks good. | 2008-07-21 | |
| TOP PICK | | Teva Pharmaceutical | TEVA-Q | 43.700 | Largest generic drug manufacturer globally. Acquiring Barr Labs (BRL-N) giving them more international exposure. Also have some proprietary drugs, most importantly a Parkinson drug. | 2008-07-21 | |
| TOP PICK | | Teck Cominco Ltd. (B) | TCK.B-T | 40.720 | Growth potential through acquisitions and mining development. Market continues to view it as mostly zinc but is really more of a copper & coal play. Through its oil sands holdings it will also become an oil play. Likes the diversity and management. | 2008-07-21 | |
| PAST TOP PICK | | Atrium Biotechnologies Inc. | ATB-T | 13.650 | (A Top Pick July 18/07. Down 51%.) Low price makes no sense as it is a better company now. Had just made a European acquisition, which gives them a very big position in the health area in Europe. Recently sold their active ingredient business for cash and will be concentrating on building their health and nutrition business in Europe and North America. Still a Buy. | 2008-07-21 | |
| PAST TOP PICK | | General Electric | GE-N | 27.690 | (A Top Pick July 18/07. Down 28%.) Problem in the near term is its big presence in financial services. Trying to divest themselves of some of their businesses that don't fit in to their strong growth strategy. At the highest yield and lowest valuation it has ever had. Could be a great opportunity but in the short term, who knows. Still a Hold. | 2008-07-21 | |
| DON'T BUY | | Rogers Communcations (B) | RCI.B-T | 38.880 | Carries a premium valuation in the group and also has GSM, which others will be switching to. Not a buying opportunity yet. Still some valuation premium because of being the sole provider in Canada of the Apple iPhone. | 2008-07-21 | |
| DON'T BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Banks: - Not a lot of them are good Buys yet. National Bank (NA-T) is the only one he owns. Less exposed than other banks to asset-backed commercial paper. | 2008-07-21 | |
| BUY | | Talisman Energy | TLM-T | 19.400 | In transition in both management and assets. New CEO’s strategy is to tighten the company up. Under promises and appears to over deliver. Selling off some non-core assets and building up a presence in non-conventional natural gas. | 2008-07-21 | |
| SELL | | Bank of America | BAC-N | 28.560 | If you own, take advantage of this big bounce (covering of short selling) and Sell. US banks have further vulnerability. | 2008-07-21 | |
| SELL | | BCE Inc. | BCE-T | 38.590 | There is still a chance that someone could back out of the deal. Likelihood is not high but that is why the price is down. This is a speculation. | 2008-07-21 | |
| HOLD | | Genentech | DNA-N | 93.880 | Once a takeover bid comes in, it no longer trades on fundamentals. If you already own, keep the stock and wait to see what happens. You could take a bit of profit here. | 2008-07-21 | |
| HOLD | | Companhia Vale Do Rio Doce | RIO-N | 29.900 | Great company in the right product, iron ore, at the right time. Unfortunately, company recently announced a dilutive equity issue. Has been oversold. | 2008-07-21 | |
| DON'T BUY | | Goldman Sachs | GS-N | 180.780 | The premier Wall Street investment bank. A lot has come out of it so maybe too late to Short. Not optimistic on investment banking stocks. They don't have a lot of product to sell. | 2008-07-21 | |
| DON'T BUY | | General Motors Corporation | GM-N | 13.090 | Continues to be extremely high risk. Its products continue to be in less demand. Still vulnerable in their ownership of GMAC, which had gotten very big into mortgages. | 2008-07-21 | |
| BUY | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 80.050 | Mostly metallurgical coal. Export most of this to Asia. Has been a great place to be as steel demand and prices remain strong. A decent one to own. 12.75% yield. | 2008-07-21 | |
| PARTIAL SELL | | Canadian Oil Sands Trust | COS.UN-T | 48.010 | If you’re an oil “value” player there is not a lot of value in the oil patch right now. A lot of the valuation is based on prices of oil and natural gas, which have had big runs. If you are a short-term investor, you might look at taking some money out of the oil sands. | 2008-07-21 | |
| HOLD | | Suncor Energy Inc | SU-T | 56.020 | Not a pure play in the oil sands as they have refineries and gas stations and profit margins are almost non-existent but are coining it on the oil side. Not a lot of value in the oil patch right now. Hold if you are a long-term Buyer. | 2008-07-21 | |
| PARTIAL SELL | | Canadian Natural Rsrcs | CNQ-T | 89.430 | If you’re an oil “value” player there is not a lot of value in the oil patch right now. A lot of the valuation is based on prices of oil and natural gas, which have had big runs. If you are a short-term investor, you might look at taking some money out of the oil sands. | 2008-07-21 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Refining and Marketing areas: Might be a contrarian play. When oil rose refiners and marketers dropped. You might look at establishing positions in Alimentation Couche-Tard (ATD-T), Parkland Income Fund (PKI.UN-T) and Valero Energy (VLO-N), which have been killed. | 2008-07-21 | |
| BUY | | Valero Energy Corp | VLO-N | 35.720 | A buying opportunity, but it is not going to turn around overnight. | 2008-07-21 | |
| BUY | | SNC-Lavalin Group Inc. | SNC-T | 54.600 | Infrastructure has been ignored for too long and governments are starting to address this issue. A lot of money will be thrown at it over the next number of years. Companies that can be looked at would include SNC Lavalin (SNC-T), Aecon (ARE-T) and on a global basis Royal Boskalis on the Amsterdam exchange. | 2008-07-21 | |
| BUY | | Aecon Group Inc | ARE-T | 14.870 | Infrastructure has been ignored for too long and governments are starting to address this issue. A lot of money will be thrown at it over the next number of years. Companies that can be looked at would include SNC Lavalin (SNC-T), Aecon (ARE-T) and on a global basis Royal Boskalis on the Amsterdam exchange. | 2008-07-21 | |
| DON'T BUY | | Royal Bank | RY-T | 44.330 | On Canadian banks this is the biggest and probably the strongest but unfortunately it has built up a big presence in the US, which has built up their risk factor. | 2008-07-21 | |
| HOLD | | Transalta Corp | TA-T | 37.110 | Has been a bid for a takeover. If you own, you could take a bit of profit in case the deal falls apart but it looks like it is going to happen. | 2008-07-21 | |
| BUY | | Emera Inc | EMA-T | 22.410 | Money will be flowing out of BCE (BCE-T) and Transalta (TA-T) looking for a home in the regulated area. This is a natural. Under priced. | 2008-07-21 | |
| BUY | | Fortis Inc. | FTS-T | 25.400 | Money will be flowing out of BCE (BCE-T) and Transalta (TA-T) looking for a home in the regulated area. This is a natural. Under priced. | 2008-07-21 | |
| DON'T BUY | | Hudbay Minerals Inc. | HBM-T | 11.300 | Pretty much a pure zinc play and prices are very depressed. | 2008-07-21 | |
| BUY | | Deere & Co. | DE-N | 70.960 | (Market Call Minute.) Along with the rest of the agriculture play, this is probably a Buy. | 2008-07-21 | |
| SELL | | Tim Hortons | THI-T | 27.590 | (Market Call Minute.) A lot of its traffic is drive through and this will be down. Also feels it is overpriced. | 2008-07-21 | |
| BUY | | CCL Industries (B) | CCL.B-T | 27.270 | (Market Call Minute.) A Canadian worldwide multi national consumer products company. Would take advantage of its weakness. | 2008-07-21 | |
| BUY | | J. M. Smuckers Co. | SJM-N | 47.060 | (Market Call Minute.) Taking advantage that some of the big guys are wanting to get out of secondary brands and they are buying them. Great strategy long-term. | 2008-07-21 | |
| BUY | | Pepsi | PEP-N | 64.450 | (Market Call Minute.) Not a soft drink stock but a snack food stock. They are the premier one out there. | 2008-07-21 | |
| DON'T BUY | | Rona Inc | RON-T | 12.330 | (Market Call Minute.) Too early. If you are thinking of Buying in the home improvement sector Lowes (LOW-N) and Home Deport (HD-N) are about 6 months ahead of it. | 2008-07-21 | |
| HOLD | | Telus Corp | T-T | 40.080 | (Market Call Minute.) | 2008-07-21 | |
| Comment | | Canadian Tire Corporation Ltd | CTC-T | 70.000 | One of the best, if not the best Canadian retailers but it is not a good time to be a retailer. Feels the stock will continue to be vulnerable for a while. If you're a long-term investor, Hold but if you are a short-term investor, consider selling. | 2008-06-24 | |
| BUY | | General Electric | GE-N | 27.590 | A lot of financial services in their product mix and this has hurt them. Have some great products but financial services are being lumped in with other financial service companies. Trading cheaper than it has ever done with a good dividend. Good entry point for long-term investors. | 2008-06-24 | |
| BUY | | Trans Canada Corp | TRP-T | 39.050 | An infrastructure company. In the pipeline industry but also in power generation. A growth company. Good management. | 2008-06-24 | |
| TOP PICK | | Power Financial Corp | PWF-T | 34.260 | Not in the banking business. Mostly in the life insurance and mutual fund business. 3.9% dividend. Owns Canada Life, Great West Life, London Life, Mackenzie Financial and Investors Group. Also have the Putnam Group in the US, which he thinks could turn around. | 2008-06-24 | |
| TOP PICK | | Teva Pharmaceutical | TEVA-Q | 44.810 | Largest generic drug company in the world. Have the leading drug for multiple sclerosis that is going to be produced generically by competition but will take 3 or 4 years. Just announced 3rd stage of a drug for Parkinson’s that is the only one that has slowed and possibly stopped the progression of Parkinson's. Has many years of patent protection. | 2008-06-24 | |
| TOP PICK | | Diageo PLC | DEO-N | 73.020 | World's biggest liquor company. Very investor friendly. Pays most of its money in dividend or does share buybacks. Stock hasn't been acting well lately but thinks it is just because of the UK market itself. | 2008-06-24 | |
| Comment | | Metro Inc (A) | MRU.A-T | 24.350 | Like all the Canadian grocery stores it has Wal-Mart to contend with. To compete, they’ve had to reduce their prices and their margins. Losing market share. | 2008-06-24 | |
| PARTIAL BUY | | Parkland Income Fund | PKI.UN-T | 10.150 | Was a great company when gasoline margins were very high. This has shrunk and is hurting them. Dividend could be vulnerable. In the long run, margins will recover and this is probably a decent time to be picking away at it. | 2008-06-24 | |
| DON'T BUY | | Canadian Imperial Bank of Commerce | CM-T | 60.090 | Expect there is more hurt coming in the global banks including Canada. We are in recession in many parts of North America and there will be loan losses. This one is back to its historical position of beating the riskiest Canadian bank. When times turn, it is the riskiest bank that will do the best. | 2008-06-24 | |
| Comment | | Barclays Bank PLC | BCS-N | 24.700 | Feels it may be getting near a point where he can buy more. He doesn't usually average down. Roughly 11% dividend. | 2008-06-24 | |
| BUY | | Standard Chartered Bank | STAN-LSE | 0.001 | (London Stock exchange) English bank under English banking laws with basically no operations in England. Big in Asia, Africa and South America. His chicken way of playing banking in China, India, etc. 2.6% dividend. Has vastly outperformed almost every other bank in the world. | 2008-06-24 | |
| DON'T BUY | | General Motors Corporation | GM-N | 13.190 | Because of the way profits are falling, he would not trust the dividend. Margins on the cars are very thin compared to trucks. | 2008-06-24 | |
| BUY | | Companhia Vale Do Rio Doce | RIO-N | 35.670 | Largest iron ore producer in the world. Iron core prices are through the roof and continuing to stay strong. The price increases they have got on their commodity is so high it's that operating costs do not matter. | 2008-06-24 | |
| TOP PICK | | Talisman Energy | TLM-T | 24.560 | His 3 Top Picks are inflation hedges. Under the new leadership it is re-inventing itself. Starting to concentrate on unconventional shale gas and are building some big positions. | 2008-06-13 | |
| TOP PICK | | Kroger Co. | KR-N | 27.600 | His 3 Top Picks are inflation hedges. The only food retailer in North America not to lose market share to Wal-Mart (WMT-N). Continuing to gain sales and market share and profitability. | 2008-06-13 | |
| TOP PICK | | Syngenta AG | SYT-N | 60.750 | (A Top Pick July 18/07. Up 58%.) His 3 Top Picks are inflation hedges. Swiss agricultural play. World’s largest producer of herbicides and pesticides and the 3rd largest seed producer. Undervalued compared to its biggest competitor, Monsanto (MON-N). | 2008-06-13 | |
| PAST TOP PICK | | Atrium Biotechnologies Inc. | ATB-T | 17.400 | (A Top Pick July 18/07. Down 38%.) Health and nutrition. Things have changed fundamentally for the better but the market hasn’t cared. Have a lot of cash from the sale of their active ingredient division. Buying for new accounts. | 2008-06-13 | |
| PAST TOP PICK | | General Electric | GE-N | 29.150 | (A Top Pick July 18/07. Down 26%.) You have never been able to Buy this cheap. Being hurt because they are a big player in financial services. Last earnings were below estimates. Good yield. Still a Buy. | 2008-06-13 | |
| DON'T BUY | | Apple | AAPL-Q | 172.370 | Has been volatile. In the near term it hit a peak and looks like it wants to come down. | 2008-06-13 | |
| BUY | | Companhia Vale Do Rio Doce | RIO-N | 34.570 | World’s largest iron ore producer as well as the biggest nickel company. Iron ore prices and demand continues to be strong. Doesn’t see this changing for some time. Nickel prices have lagged and hopefully they will start to pick up. Growth company. Stock came off because of a new share issue. | 2008-06-13 | |
| DON'T BUY | | Yellow Pages Income Fund | YLO.UN-T | 9.740 | Not a fan of this one. They are in a dying business. Their market is shrinking. Distributions are safe currently because they are well covered, but not sure if that will be the same in a few years. | 2008-06-13 | |
| DON'T BUY | | Bank of Montreal | BMO-T | 44.900 | Has become a speculative security and they’re not the type of management that can handle that well. Dividend is safe. | 2008-06-13 | |
| DON'T BUY | | Canadian Imperial Bank of Commerce | CM-T | 63.450 | Dividend is safe. Have raised an enormous amount of capital and is well capitalized now. Very speculative. | 2008-06-13 | |
| BUY | | Nova Chemicals Corp. | NCX-T | 28.360 | Compared to their competition they have some sweetheart deals in Alberta for their raw material, mostly natural gas. Looks like it has bottomed for now and the yield is OK. | 2008-06-13 | |
| BUY | | Great West Lifeco | GWO-T | 31.270 | A financial with a lot of US exposure. Was hurt with the general malaise towards financials although it wasn’t a big player in bad commercial paper or mortgages. Also suffering because a lot of its operations are in the US and the strong Cdn$ hurt them. Great company and good management. | 2008-06-13 | |
| Comment | | Encana Corp | ECA-T | 93.700 | In the near term energy prices may be vulnerable to some profit taking. A fabulous outfit and a great inflation hedge. | 2008-06-13 | |
| SELL | | Morgan Stanley | MS-N | 41.040 | Not an appropriate time to own investment banks. Business has slowed down dramatically on stock trading and underwriting and a lot of them are stuck with a lot of bad paper. 2.7% dividend. | 2008-06-13 | |
| DON'T BUY | | General Motors Corporation | GM-N | 16.450 | Hard to see any catalyst that’s going to turn this company around. It’s a dinosaur. | 2008-06-13 | |
| BUY | | Agrium | AGU-T | 106.460 | Near term momentum is coming from an absolute global shortage of fertilizer. Much of the US Midwest is under water. Crops had been planted and fertilized. Fertilizer has been running off. Will be replanting and re-fertilizing once water recedes, creating even more shortage. | 2008-06-13 | |
| DON'T BUY | | BCE Inc. | BCE-T | 33.650 | Right now this is a gamble, not an investment. You are gambling on how the Supreme Court will rule. Also will the banks that are bankrolling this will play ball or not. | 2008-06-13 | |
| HOLD | | Sunlife Financial | SLF-T | 45.030 | Greatly favours the Canadian life insurance companies over the Canadian banks and US financials. Down because of their US mutual fund asset. In the long run this is a great company. | 2008-06-13 | |
| Comment | | Wal-Mart Stores Inc. | WMT-N | 59.180 | Had its big run due to people trading down on how they shop as well as tax rebates that have gone out to Americans. This has happened before and historically when the economy has been weak it has been a temporary situation. | 2008-06-13 | |
| DON'T BUY | | UnitedHealth Group Inc | UNH-N | 30.740 | Very dependent on having employers as their health care provider and started coming off when some problems came up. | 2008-06-13 | |
| BUY | | Fortis Inc. | FTS-T | 27.500 | Long term it trades like the banks, but outperforms them. A growth utility. Dividend yield is somewhat less than most utility stocks because it uses its money to grow. Geographically diversified. Long-term growth profile is great. | 2008-06-13 | |
| PARTIAL BUY | | Thomson Reuters Corp | TRI-T | 35.530 | Reuters was a major acquisition and he thinks this will be fabulous in the long run. Given them an even bigger footprint in the financial area, which the market doesn’t like. Buying when it is out of favour is a great idea. He bought a half position only. | 2008-06-13 | |
| BUY | | Atrium Biotechnologies Inc. | ATB-T | 16.720 | Biggest player in North America and a growing player in Europe in the health and nutrition business. Growing by acquisition and have a lot of cash for this. | 2008-05-28 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: Supply/demand currently is not the major factor in what is going on in the oil market. Speculators, hedge funds etc. are having a huge impact on the price of oil. In the near term, it looks like it wants to keep going higher, but beyond the near term he is sceptical that it continues to go up a huge amount higher because it will completely slow down the world's economy and demand will dry up. | 2008-05-28 | |
| BUY | | General Electric | GE-N | 30.550 | Has been painful to own this one ever since they reported their last quarter. On a long-term basis, it has one of the best portfolios of product in the world. More of their sales come from outside of the US than from in or in. Good price. | 2008-05-28 | |
| Comment | | Lloyds TSB Group PLC | LYG-N | 30.650 | Almost a pure domestic bank in Britain along with insurance. Hasn't had too much problem because of bad paper. | 2008-05-28 | |
| BUY | | Barclays Bank PLC | BCS-N | 30.880 | Global banking and the biggest player in ETFs and fund management. Have taken some hits as far as owning bad paper. 11.5% dividend, which may be suspect. | 2008-05-28 | |
| Comment | | Target Corp | TGT-N | 52.320 | The upscale Wal-Mart (WMT-N) of the world. With US retail sales in the doldrums, consumers are shifting sales to Wal-Mart and are less likely to pick up little extras. In the near term, it is suffering. In the long-term, it is a great company to own. | 2008-05-28 | |
| BUY | | Parkland Income Fund | PKI.UN-T | 11.810 | Off brand gas stations in rural western Canada. Great business as it was in the right geography at the time and fuel margins were expanding. Excellent operator. Fuel margins have now shrunk. Also the new tax regime in Alberta has slowed things down. He sold about one third of his position. Would wait until fuel margins start to expand again. | 2008-05-28 | |
| SELL | | Bank of America | BAC-N | 33.870 | Wouldn't own any US banks right now. Banking environment in the US still has further down to go. Didn't use a lot of foresight when they bought Countrywide. | 2008-05-28 | |
| BUY | | Pepsi | PEP-N | 67.930 | This is a far better company than Coca-Cola (KO-N). Likes their product line. | 2008-05-28 | |
| TOP PICK | | International Forest Products (A) | IFP.A-T | 5.850 | Lumber based in B.C. with operations in B.C. and Northwest US. Only one that is currently profitable. Only one with no debt. Fabulous management. Been taking advantage of others problems by upgrading their mills and buying mills that are going out of business. Lumber prices and US housing has bottomed. China will have to do a lot of rebuilding and may be importing. | 2008-05-28 | |
| TOP PICK | | Kroger Co. | KR-N | 27.520 | Biggest supermarket chain in the US. Never lost market share to Wal-Mart (WMT-N). Now that margins are expanding they are starting to make a lot of money. Food retailers generally like food inflation. | 2008-05-28 | |
| TOP PICK | | Boston Pizza Royalties | BPF.UN-T | 12.200 | A trust that never recovered from the government's taxation on income trusts. The best restaurant income trust. They have the best same-store sales growth. In a sweet spot that when customers feel good about themselves they trade up from fast food but when the economy starts to slow, they trade down from fancier restaurants. Almost 12% distribution. | 2008-05-28 | |
| BUY | | Talisman Energy | TLM-T | 23.410 | Likes the new management and the new strategy. Doesn't expect they will sell the company. Lots of upside potential. | 2008-05-28 | |
| TOP PICK | | Companhia Vale Do Rio Doce | RIO-N | 40.580 | Brazilian iron ore Company that also owns Inco. Global demand for steel continues to rise. There is a shortage of iron ore. Not expensive. | 2008-05-12 | |
| TOP PICK | | Thomson Reuters Corp | TRI-T | 37.000 | Likes merger of Thomson and Reuters. Good concentration in the financials, which is a long-term opportunity for them. Near-term the market does not like this; so take advantage that the stock is down. | 2008-05-12 | |
| TOP PICK | | Manulife Financial | MFC-T | 37.750 | Great management, even though the CEO will be retiring. Good geographic diversification. Half their earnings come from the US. Very big internationally, especially in the fast-growing markets of the Far East. | 2008-05-12 | |
| PAST TOP PICK | | Trans Canada Corp | TRP-T | 38.240 | (A Top Pick May 18/07. Down 1%.) Doing fine until they announced an acquisition of a New York electricity plant. Will be short-term dilutive to earnings and will need an equity financing to pay for it. Pretty clear sailing for the stock from here on. | 2008-05-12 | |
| PAST TOP PICK | | Pfizer Inc | PFE-N | 19.910 | (A Top Pick May 18/07. Down 23%.) Have not proven to be defensive. Most of the major drug companies have more of their larger drugs coming off patent shortly. At this point, downside risk looks pretty limited. 6% plus yield. A Hold. | 2008-05-12 | |
| PAST TOP PICK | | Vodafone Group PLC | VOD-N | 31.870 | (A Top Pick May 18/07. Up 15%.) English-based international wireless firm. In some good growth, developing markets. Good yield. Still a Buy. | 2008-05-12 | |
| BUY | | Encana Corp | ECA-T | 92.200 | Stock went up on the announcement that they will be splitting into natural gas and integrated oil sands producer. The sum is worth more than the parts. Also into refining, which has not been good lately but it will be in the future. Before buying, you might wait to see if it pulled back a bit. | 2008-05-12 | |
| HOLD | | Canadian Natural Rsrcs | CNQ-T | 96.660 | Into natural gas and the oil sands. Expect CEO will get a phone call as to whether they will split similar to Encana’s (ECA-T) announcement. Likes the outlook for natural gas. Stock price has risen pretty quickly so watch for a pullback before Buying. | 2008-05-12 | |
| Comment | | Research In Motion | RIM-T | 142.250 | He is a value investor, so this is a stock he is not likely to ever own. Has strong growth, but the multiple it trades at is too high. If you are a growth investor, this is a good stock to own. You can Buy but don't forget to Sell. | 2008-05-12 | |
| BUY | | Labrador Iron Ore | LIF.UN-T | 58.500 | Favourably disposed to iron ore and longer-term it looks good. Good payout. | 2008-05-12 | |
| DON'T BUY | | Bank of America | BAC-N | 37.440 | Loathe right now to own a US bank. Have shown themselves to be poor business people. Chased all the wrong kinds of business and got caught with their pants down. Still more to come. Also there are prospects of a recession in the US. | 2008-05-12 | |
| BUY | | Nokia | NOK-N | 28.600 | Have 40% of the cell phone market and are virtually nonexistent in North America. Dominant in GSM and their biggest domination is in the developing world with the cheaper phones. They continue to gain share. | 2008-05-12 | |
| HOLD | | Barrick Gold | ABX-T | 38.950 | Gold has come off its high. Longer-term outlook continues to be good but has some near-term weakness ahead of it. Barrick (ABX-T) or Newmont (NMC-T) would be fine choices. | 2008-05-12 | |
| BUY | | Ritchie Bros Auctioneers Inc. | RBA-T | 26.330 | Biggest auction house in equipment. Big business in the resource area out west. As the US falls into a recession, there will be more equipment coming out of other industries and business will be good for them. | 2008-05-12 | |
| DON'T BUY | | Sprint Nextel | S-N | 9.240 | In the high-risk investment category. Has been steadily going down from $23 to around $6. Company is totally messed up. Alienated its customers and lost all kinds of business. | 2008-05-12 | |
| HOLD | | Newmont Mining | NMC-T | 45.530 | Gold has come off its high. Longer-term outlook continues to be good but has some near-term weakness ahead of it. Barrick (ABX-T) or Newmont (NMC-T) would be fine choices. | 2008-05-12 | |
| Comment | | Thompson Creek Metals | TCM-T | 22.850 | Recent bad quarter was due to a mine they bought, which had to be reconfigured. Recovering now. Molybdenum prices have not been going through the roof like iron ore prices, which indicates there is a pretty good supply out there. He would favour iron ore right now. | 2008-05-12 | |
| WEAK BUY | | Canadian Tire Corporation Ltd | CTC-T | 74.000 | The premier Canadian general merchandise retailer. Had economic and weather headwinds in eastern Canada. At current valuations, it's an OK buy. No catalyst in the near term to move it higher. | 2008-05-12 | |
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