| Click Here to receive daily reports of the TOP PICKS OR your personal stock choices | STOCKCHASEWhat the experts are saying! |
| There are 7 registered members and 83 guests viewing the site. | Follow us on Twitter | Rss Top Picks Feed | Rss Daily Feed |
| Norman Levine of Portfolio Management Corp |
|---|
| Norman Levine's website |
| WAIT | Carnival Corp. | CCL-N | 31.910 | Contrarian and Value. He looked at it but decided maybe, but let things settle out. You have seen most of the damage in the stock. There are regulars and they are not affected. The one third that aren’t regulars are the ones who you will lose. The question is whether you lose them for one year or three years. | 2012-01-19 | ||
| BUY | Cameco Corporation | CCO-T | 23.230 | Looks clear that uranium stocks have bottomed out and have turned up. Now is as good a time as any to buy them. | 2012-01-19 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 24.660 | (Top Pick Jan 26/11, Down 3.13%) Oil came off and this came off with the group. | 2012-01-19 | ||
| WAIT | Encana Corp | ECA-T | 17.620 | Natural gas is about $2.50 so not many companies are making my money on Natural Gas. Eventually the price will get to the point where it is self-corrected. It’s too late to short because it has already gone down so far. He thinks they will try to maintain the dividend if they can. He is not buy Nat. Gas stocks, as it is a little early. He is in the process of selecting a Nat. Gas stock. Wait until Gas turns. | 2012-01-19 | ||
| DON'T BUY | Goldman Sachs | GS-N | 107.680 | Trading volumes are low and investment banking has not that great recently. | 2012-01-19 | ||
| BUY | Goldcorp Inc | G-T | 44.890 | Doesn’t worry about short term. This is a growth stock. He doesn’t see a problem with this one. It is the best run of the gold companies. This is a good one to own. | 2012-01-19 | ||
| HOLD | McDonalds | MCD-N | 101.260 | You are a little late to look at this one. Has been a phenomenal stock. Probably has some more upside but you might do better in something cyclical. You might want to own something that benefits from a growing economy, which he feels the US is. | 2012-01-19 | ||
| PAST TOP PICK | Rona Inc | RON-T | 9.610 | (Top Pick Jan 26/11, Down 28.20%) Hurt badly in the spring when weather was bad and housing renovations stayed low. Odds of another bad year due to weather are low. | 2012-01-19 | ||
| BUY | Schlumberger Ltd. | SLB-N | 72.860 | He is warm towards oil service companies. This is international. | 2012-01-19 | ||
| BUY | Talisman Energy | TLM-T | 12.030 | In Oct, Dec and Jan, it bottom ed of the $11.50 number. He is going to stick his nose out here. The gas part is hurting them the most here. This may be a good entry point. It may stall for a while. Most of the risk is taken out of the stock. | 2012-01-19 | ||
| BUY | Wells Fargo | WFC-N | 30.150 | He is warming up to US banks and for the first time has one as a top pick today. If he had to own a big bank, this would be the one because it is the best run of the big banks. They are not big in investment banking and brokerage, which is good. He is very warm to it. He prefers US regional banks to Canadian on a valuation basis. | 2012-01-19 | ||
| TOP PICK | Badger Daylighting | BAD-T | 22.300 | Use high-pressure water to move earth where you can’t use a shovel. Pipelines and Utilities use them. Headquartered in Alberta where they are dominant but growth is in US. Huge growth ahead of them and good dividend. Management almost sold the company last year but an investor group stopped it because they were undervaluing it. | 2012-01-19 | ||
| WAIT | Cineplex Inc | CGX-T | 24.980 | Keep in mind that it is not its own master. It is dependent on product that is given to them. Last year was not a good year for Hollywood. The question is whether this will be a good year or a bad tear for attendance. | 2012-01-19 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: When he was into the US, people asked him why, given the economy and the US dollar. But now people are worried about Europe and the Euro. He is not buying in Europe. | 2012-01-19 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Semi conductors: are the most attractive area of high tech. AMAT-O is the biggest maker of equipment that is sold to semi conductor manufactures. The other is TSM-N, which is the biggest, and best. | 2012-01-19 | ||
| TOP PICK | ABB Ltd. | ABB-N | 21.400 | (Top Pick Jan 26/11, Down 10.29%) Headquartered in Switzerland, but most business is elsewhere in the world, especially in developing markets.. Factory automation and energy infrastructure like transmission. In North America the wires are ancient and out-dated and badly need upgrading. Great growth, 3-1/2% yield. | 2012-01-19 | ||
| TOP PICK | BB&T Corp. | BBT-N | 27.120 | First time he has ever recommended a US bank in this show. Just bought it last week. North Carolina – southeast mostly, 9th biggest bank in US. Yield is about 2.3% and he sees it growing. Loan growth is about 6%. TARP was force on them but they didn’t need it and paid it back within 7 months. Loan growth about 6%. Conservatively and well run bank. | 2012-01-19 | ||
| DON'T BUY | Alcoa | AA-N | 8.940 | 2 problems. This is a commodity stock and commodity stocks are not trained very well right now. Aluminum in general has not been a good performer because of oversupply. | 2011-12-14 | ||
| Comment | BCE Inc. | BCE-T | 40.410 | Just announced a dividend increase and a share buyback. Likes this company. | 2011-12-14 | ||
|
| |||||||
| PAST TOP PICK | CCL Industries (B) | CCL.B-T | 30.010 | (A Top Pick Dec 29/10. Up 3.52%.) Canadian multinational consumer company. Customers are all the big-name companies. Still likes it very much. Biggest business is pressure sensitive labels. | 2011-12-14 | ||
| Comment | Canadian Oil Sands | COS-T | 21.190 | Their problem is twofold. They are the biggest player/owner in Syncrude, which is going through an expansion, which is using up a lot of capital as well as a lot of maintenance costs. Oil stocks in general have come off quite a bit. This has given them a double whammy. Company has said the dividend is safe but if oil comes down a lot, he wouldn't bank on it. | 2011-12-14 | ||
| BUY | Diageo PLC | DEO-N | 84.140 | Has proven to be shareholder friendly, both by boosting its dividend fairly regularly and having share buyback. In a defensive business. In 2 segments of the market. Highly profitable premium beverage market and the lower margin lower end of the beverage market. They are seeing super growth in developing/emerging markets. | 2011-12-14 | ||
| HOLD | Enbridge | ENB-T | 36.120 | Fabulous stock. Has been executing very well. A lot of people have been going into it for the stability of the earnings and the growing dividends. Not cheap. Wouldn't Sell but wouldn't rush into Buy. He would look more to a TransCanada (TRP-T) or BCE (BCE) now. | 2011-12-14 | ||
| DON'T BUY | General Motors Corporation | GM-N | 19.470 | Cars are very economically sensitive and economies are slowing down or being slowed. Probably not where you want to be. You want to be here when economic times are getting better | 2011-12-14 | ||
| Comment | Intel | INTC-Q | 23.310 | As a long-term investor, he likes this stock. They have very little competition and he likes companies that are virtual monopolies. Good growth. | 2011-12-14 | ||
| Comment | Altria Group Inc | MO-N | 28.730 | This or Philip Morris (PM-N)? The old Philip Morris split itself into 2 parts including Altria, the US part and Philip Morris international, which is outside of the US. Dividend is higher in Altria but growth potential is less. Altria is currently outperforming because of its dividend, but at some point, that will change. | 2011-12-14 | ||
| DON'T BUY | Nokia | NOK-N | 5.020 | Doesn't like the business they are in. Right now, they are a “last gasp hope” company. Lost tremendous market share, especially in North America. Some carriers are starting to carry them so there is some hope but not enough to get him interested. | 2011-12-14 | ||
| Comment | Power Financial Corp | PWF-T | 24.600 | Has been disappointing like all financials. Not a bank, but is largely an insurance company. 3 areas including European investments, fund management and life insurance through Great West Life (GWO-T). If a long-term investor, keep the stock. If you are short-term, no reason to be here. | 2011-12-14 | ||
| DON'T BUY | Rogers Communcations (B) | RCI.B-T | 37.350 | Have lower highs from when they peaked, which technically is not a good sign. Fundamentally, they are losing market share in the phone business. | 2011-12-14 | ||
| Comment | Research In Motion | RIM-T | 15.690 | Value investment for the long term of 5 years? He has never owned this one. Doesn't like the handset market. Too unpredictable and too hit driven. Not a long-term business that he would want to own. | 2011-12-14 | ||
| TOP PICK | Rona Inc | RON-T | 9.450 | (A Top Pick Dec 29/10. Down 32.47%.) What has hurt this company mostly, is not the competition, but really the weather, which discouraged home improvements, which is their biggest market. A couple of years ago, the Canadian government put an incentive in for homeowners, which created a vacuum afterwards. | 2011-12-14 | ||
| DON'T BUY | Royal Bank | RY-T | 48.190 | Not a big fan of the banks in general. Cdn banks are probably the highest quality banks globally, which is great, but a lot of money came into them and the valuations became high compared to other stocks and other banks outside of Canada. This one has been a disappointment and he doesn't see this changing soon. | 2011-12-14 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 19.190 | Problems with lifecos is that very low interest rates are really bad for their business. They can't really make any money. They put out variable annuities and can't reinvest very profitably. Regular insurance premiums have to go into the bond area which has very low interest rates. | 2011-12-14 | ||
| TOP PICK | Talisman Energy | TLM-T | 11.800 | Mispriced. Has been a disappointment for a long time. Has a lot of natural gas, which people do not like. Global majors are buying up these companies as they look at the long-term potential for natural gas. Recently, Encana (ECA-T) had an accident in fracing in Wyoming and this has hurt all the major companies in fracing. | 2011-12-14 | ||
| Comment | Vodafone Group PLC | VOD-Q | 27.040 | Likes the business they are in, which is wireless around the world. Big growth is in emerging markets but their best asset is their 45% holding in Verizon Wireless (VZ-N), which has just declared their 1st dividend. Thinks this will be a recurring event. | 2011-12-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. This is all short term stuff and he is a long-term value investor. He buys stocks when no one wants them and sells them when everyone wants them. He chooses companies he likes as well as prices that he likes. | 2011-12-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Could we slip into a recession and if so, what would be the effect on the stock market? Canada is dependent on 2 things, commodities and the US. Commodity prices will come down and that will hurt. Best stock market globally has been the US because the economy there is nowhere like it was in 2008. Europe will probably go into recession and China will slow down. The US might go into recession and pull Canada down but there is a better chance it will just have some slow growth. | 2011-12-14 | ||
| PAST TOP PICK | Essential Energy Services Ltd. | ESN-T | 1.910 | (A Top Pick Dec 29/10. Down 9.9%.) Still likes very much. Switched from being gas oriented and also expanded geographically. Have also set up operations in Colombia. Good management. | 2011-12-14 | ||
| DON'T BUY | Banco Santander SA | STD-N | 7.110 | The last place he would put money right now would be a bank stock in Europe, just because of the uncertainty with what is happening to financial stocks in Europe. This would be a gamble. | 2011-12-14 | ||
|
| |||||||
| TOP PICK | Covidien Ltd. | COV-N | 42.160 | US company but incorporated in Ireland for tax reasons. That has been hurting the stock as people think it is an Irish/European company. Supplies operating rooms with items that have to be replaced quite often. Good price. | 2011-12-14 | ||
| Comment | Overseas Shipholding | OSG-N | 9.290 | Largely a bulk carrier under a US flag giving them the right to ship from one US port to another US port. Commodity market has been in oversupply which has hurt them. At some point it will be okay. | 2011-12-14 | ||
| Comment | Royal Canadian Mint | MNT-T | 18.670 | Exchange traded receipts? This allows you to buy physical gold that is held at the mint. Management fee to own it is way less than buying an ETF. If you want to own gold, this is an excellent product. | 2011-12-14 | ||
| BUY on WEAKNESS | Abbott Labs | ABT-N | 53.050 | Fundamentally he likes it. Operationally it is performing as it should. They are tied into the European economy and people are worried about the EU economies, although their sales are holding up. Getting hurt by tax-loss selling. | 2011-11-29 | ||
| DON'T BUY | Barrick Gold | ABX-T | 51.470 | Great history but going forward not a company he wants to own. Is having trouble growing because it is so big and it is not a pure gold company any more. Prefers G-T because it has growth potential. | 2011-11-29 | ||
| DON'T BUY | AMR Corporation | AMR-N (OTC) | 0.260 | Has gone under. The 100th airline to go bankrupt since 1990. Airline industry in its lifetime has never made money. Would not touch any of them. Occasionally when an airline goes bankrupt a judge throws something to the shareholders. | 2011-11-29 | ||
| TOP PICK | CCL Industries (B) | CCL.B-T | 30.970 | Multinational packaging company. Likes their business because they are going into emerging markets, with packaging for every day products. | 2011-11-29 | ||
| HOLD | Canadian Oil Sands | COS-T | 20.450 | Largest owner of Sincrude, which is largest player in oil sands. Has a lot of capital expenditures on maintenance and expansion. Questions if they will continue to pay the dividend if oil goes down, but it is safe for now. Likes the long-term outlook on oil sands but will hold it. | 2011-11-29 | ||
| DON'T BUY | Canadian Pacific Rail | CP-T | 60.030 | CNR is the best railroad in North America – the most efficiently run and good management so he prefers them to CP. CP’s efficiency is very low and need a change in management and attitude. Issued bonds today to take advantage of low interest rates. | 2011-11-29 | ||
| PAST TOP PICK | Loblaw Companies Ltd | L-T | 36.920 | (Top Pick Nov 9/10, Down 7.37%) It is beating the market. He still likes the company. Turnaround is still in place. New CEO just started. Only remaining question is on the IT side – it is still a work in progress. Likes their place in the market. | 2011-11-29 | ||
| BUY | Parkland Fuel Corp | PKI-T | 11.420 | Basically in the fuel distribution business. Dividend is safe and is big but will not grow. It is their intention to keep it where it is (dollar value, not percentage). They want to expand the company. | 2011-11-29 | ||
| DON'T BUY | Research In Motion | RIM-T | 17.950 | He does not like the hand set business. Was burned by Nokia. Market leaders are Apple and the Android group. An industry he finds it very difficult to make money in. | 2011-11-29 | ||
| BUY | Rona Inc | RON-T | 8.960 | Getting hurt by tax loss selling. Home improvement industry has been hurt because people are putting off renovation and were hurt by bad weather in the spring. Thinks next year will be quite strong. A well run company. Book value is about $10.25 so you are buying under value. | 2011-11-29 | ||
| BUY on WEAKNESS | Royal Bank | RY-T | 45.010 | He is light in the banks, only owns NA-T because they have the best balance sheet in North America. RY had trouble investing their money outside of Canada. This one is on their radar and they will own it at the right price. Wait before buying banks. | 2011-11-29 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 17.990 | Market is pricing in a 25% cut in dividend. It is not a MFC-T and does not have same balance sheet or hedging, so does not have to cut its dividend by a half. Problem with lifecos is that bond interest rates have come down tremendously. If he had to own a lifeco it would be GWO-T. | 2011-11-29 | ||
| BUY | Smith & Nephew PLC | SNN-N | 43.810 | Wounds (bandages), arthroscopic surgery and orthopedics. They are the largest presence in Europe, which is hurting them. A lot of people have lost their healthcare coverage and is hurting the industry. Ultimately this stock will do well. | 2011-11-29 | ||
| PAST TOP PICK | Suncor Energy Inc | SU-T | 29.350 | (Top Pick Nov 9/10, Down 17.39%) Fabulous company. All the senior stocks were hit hard. If you buy them now | 2011-11-29 | ||
| SELL | Thomson Reuters Corp | TRI-T | 27.040 | Sold 2 or 3 months ago at a loss because the merger did not get the efficiencies they were hoping for. | 2011-11-29 | ||
| BUY | Telus Corp | T-T | 54.180 | Likes the telecom area because there is some growth and dividends are attractive and they grow. He owns 3 others. Can’t com up with a reason not to buy T-T | 2011-11-29 | ||
| TOP PICK | Wright Medical Group Inc | WMGI-Q | 14.030 | Body parts. 6th biggest in the orthopedic market. Fastest growing area is extremities – fingers, toes, angles, elbows and wrists. They are the fastest growing and best player in that area. | 2011-11-29 | ||
|
| |||||||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: S&P downgraded the debt of a number of US banks. Europe needs all the hope they can get. The US is in better shape than 2008 even if not as good as Canada. Portfolios are pretty defensive and have 12-13% cash. He has never seen the volatility we have now in the past. He is using the volatility to do some buying. Is looking at things that have economic sensitivity right now. | 2011-11-29 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks and CMHC mortgages: Have a huge exposure to Canadian mortgage market, but not as much as CMHC, which takes on most of the risk. He is upset that CMHC is so loose in how they let people et mortgages. | 2011-11-29 | ||
| BUY | ABB Ltd. | ABB-N | 17.700 | Likes long-term outlook. In two main markets – factory automation and electrical infrastructure, which is a growing market around the world. Owns it because out power infrastructure is aged and needs updating. | 2011-11-29 | ||
| BUY | Essential Energy Services Ltd. | ESN-T | 1.840 | Oil and Gas services company. Used to be just gas but switched to oil as well. Moved some of their rigs and people down to Columbia. Well run company with great balance sheet, hardly any debt. Acquisition is integrating well. Buy for the long term, is worth the high $2’s | 2011-11-29 | ||
| PAST TOP PICK | Covidien Ltd. | COV-N | 43.790 | (Top Pick Nov 9/10, Up 2.74%) Thinks they will sell their generic drug manufacturing business at some point. Whole hospital business was hit because people are delaying operations in the US. They can’t put them off indefinitely. High profit margin business. | 2011-11-29 | ||
| TOP PICK | CARLSBERG -B- | CARL-OMX | 0.000 | Company is based in Denmark, worldwide company. Largest brewer in old Soviet Union. Russian government is worried that Russians drink too much and came out with new laws. Now people are going back to their habits. Their volumes are coming back. There is lots and lots of upside on this one. | 2011-11-29 | ||
| Comment | Abbott Labs | ABT-N | 53.450 | Likes health care companies generally because they’re defensive. Splitting their drug company from the rest of the company. Likes this as you get pure plays. | 2011-10-24 | ||
| BUY on WEAKNESS | Bank of Nova Scotia | BNS-T | 52.240 | Canadian banks look very expensive at this time. If the price were $5 less he would like this one. | 2011-10-24 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 23.320 | (A Top Pick Oct 6/10. Down 10.39%.) The purest play on oil prices in Canada. | 2011-10-24 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 23.320 | (A Top Pick Oct 6/10. Down 10.39%.) The purest play on oil prices in Canada. | 2011-10-24 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 23.320 | (A Top Pick Oct 6/10. Down 10.39%.) The purest play on oil prices in Canada. | 2011-10-24 | ||
| PAST TOP PICK | Canadian Oil Sands | COS-T | 23.320 | (A Top Pick Oct 6/10. Down 10.39%.) The purest play on oil prices in Canada. | 2011-10-24 | ||
| Comment | Canadian Pacific Rail | CP-T | 59.830 | Prefers Canadian National (CNR-T) because it has better North American foot print and is less dependent on commodities. This one is OK, but just not as good. | 2011-10-24 | ||
| DON'T BUY | Encana Corp | ECA-T | 21.070 | Almost a pure play on natural gas. Prices are extremely depressed so this is one he wouldn’t keep in the short run. In the long run, the big energy companies are out buying gas companies but their time horizons are decades as opposed to years. | 2011-10-24 | ||
| DON'T BUY | Enbridge | ENB-T | 35.100 | Like other pipeline and utility companies, have held up really well. This one continues to make new highs and he thinks it is getting very expensive. | 2011-10-24 | ||
| DON'T BUY | Goldman Sachs | GS-N | 103.980 | Buys in small amounts and writes them out on covered calls at about $5 ahead. Good strategy? Risk profile is higher than what he would normally invest in. Poor performer. Although an investment bank, it is really a bank and he would prefer that it wasn’t. | 2011-10-24 | ||
| BUY | Goldcorp Inc | G-T | 46.440 | Question. What gold company would he recommend? Without knowing where the price of gold is going, he would like to see what shows the best growth and has the best management, which would be this one. | 2011-10-24 | ||
| BUY | PepsiCo | PEP-N | 62.100 | Stock has not preformed well. Historically cheap on a PE valuation and versus Coca Cola (KO-N). 2 divisions, drinks and food. 2nd or 3rd biggest food company globally. | 2011-10-24 | ||
| Comment | Sunlife Financial | SLF-T | 24.390 | Can they maintain their dividends? The stronger lifecos, including this one, will probably be able to maintain their dividends. ManuLife (MFC-T) is probably in the weakest position because their US exposure is greater and such a large part of the company. | 2011-10-24 | ||
| TOP PICK | Suncor Energy Inc | SU-T | 31.580 | Feels that energy stocks got hit twice, 1) by the markets and 2) by the drop in oil prices. Very strong oil sands production. Refining margins remain strong. Good chance that before year end they will raise their dividends. | 2011-10-24 | ||
|
| |||||||
| Comment | Crescent Point Energy Corp | CPG-T | 43.590 | Almost all old energy trusts that are still high dividend paying stocks pay out more than earnings but less than cash flow. Watch cash flow, not earnings. Paying out mid-60% of its cash flow. Won’t grow much until cash flow and earnings start to rise. Not in danger of cutting distributions. | 2011-10-24 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. Stock market is looking more optimistically on what is happening in Europe and China than what the bond market is. Historically, the bond market gets it right more than the stock market. There is probably more Hope than Reality in the market. | 2011-10-24 | ||
| TOP PICK | Morneau Shepell Inc | MSI-T | 9.750 | Human resources, outsourcing, pension fund, benefit administration, etc. 8.4% payout, which is reasonably safe. Some growth. Can see it getting back to the $10.50+ area. | 2011-10-24 | ||
| PAST TOP PICK | Essential Energy Services Ltd. | ESN-T | 1.710 | 2011-10-24 | |||
| TOP PICK | Covidien Ltd. | COV-N | 46.950 | (A Top Pick Oct 6/10. Up 12.64%.) Main products are the small medical devices used in OR’s. Got hurt in the recession when people lost health care benefits and stopped having operations. This is starting to pick up a little bit. Sees organic and market share growth. Also have a generic pharmaceutical division that he believes they want to spin out or sell. Yield of about 2.5%. | 2011-10-24 | ||
| WAIT | AGF Management (B) | AGF.B-T | 15.300 | Long-term outlook for this space is very good. In the near term there is no rush to buy it. Demographics are that baby boomers will be inheriting a lot of money and retiring and this will be a good area. | 2011-09-23 | ||
| SPECULATIVE BUY | Bank of America | BAC-N | 6.310 | His most hated bank in the world. It could go to zero; but the government would not allow it. Worst acquisition in the world. Warren Buffet got terms that regular shareholders can’t get. You may get lucky. If you put up with the extreme risk you might make money. | 2011-09-23 | ||
| WAIT | Bank of Nova Scotia | BNS-T | 50.730 | Banks: Owns NA only. Believes it is the best-capitalized bank. BNS would be the second if they owned a second one. Likes exposure in US and developing markets. It is a little pricey but low to mid $40s he would be interested. | 2011-09-23 | ||
| BUY | CCL Industries (B) | CCL.B-T | 28.490 | Unique. Not many Canadian multinational, multi-consumer products companies. Pressure sensitive labels; Aluminum aerosol cans and plastic tubes. Growing in developing markets. Aluminum can business is a growing business. Would prefer they were a pure label business. | 2011-09-23 | ||
| BUY | Diageo PLC | DEO-N | 75.160 | Recession resistant. People still drink but trade down. Higher margins in higher end drinks but they also have exposure to developing world. Company is shareholder friendly, buying back stock and raising the dividend. | 2011-09-23 | ||
| BUY | General Electric | GE-N | 15.210 | Great asset and earnings going up very nicely. Problem is the large financial services business. People view them as a US financial service stock but they are global and the US view has hurt them. Growing dividend and he likes them. | 2011-09-23 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 46.950 | (Top Pick Sep 7/10, Up 6.48%) He wants some gold exposure. This is a growth stock as well as a gold stock. Well run. | 2011-09-23 | ||
| DON'T BUY | Kinross Gold | K-T | 15.670 | Has been an under performer and deservedly so. Questionable acquisitions in the last couple of years. It was questions of where they were. They paid too much and that held the stock back. | 2011-09-23 | ||
| TOP PICK | PepsiCo | PEP-N | 60.340 | Word’s biggest food and worlds biggest beverage company. Likes it here because the valuation vs. coke is lower than for many years. If they split into two it would be worth a lot more. Big, safe dividends. | 2011-09-23 | ||
| TOP PICK | Pfizer Inc | PFE-N | 17.450 | Debt rating cut but it doesn’t matter to him. They all have the patent cliff. He likes that they bought Wyeth who have a lot of drugs on patent. People say PFE is too big to make a difference if a new drug comes along so they are shrinking the company. Big, safe dividends. | 2011-09-23 | ||
| HOLD | Power Financial Corp | PWF-T | 24.250 | Extremely well run company. Has really high quality assets, main ones being IGM, Lifecos, Putnam in the US, European assets as well. Problem is Mutual finds – IGM; Lifecos don’t like declining interest and stock prices. Long term they are high quality companies that will do well. He will continue to hold because he is a long-term investor. 5.8% dividend. | 2011-09-23 | ||
| DON'T BUY | Research In Motion | RIM-T | 21.980 | Positive is the patients. Not sure what the total value is and if it will entice a take-over. The problem is with handsets and the whole business. Apple and Google are running circles around them. Motorola and Nokia used to be leaders in the space. | 2011-09-23 | ||
| BUY | Rona Inc | RON-T | 10.040 | Likes it. Problem has been bad weather. Won’t be the case next year. Stock has been going up while market is going down. | 2011-09-23 | ||
| BUY | Just Energy Group | JE-T | 10.960 | Not the same as the oil or gas stocks. They are a marketer door to door of energy contracts. Not everybody thinks this is a good business to be in. People focus on their US work. If you sign a contract and your house is foreclosed then they loose. But they are growing the business more than repossessions. | 2011-09-23 | ||
| BUY | Suncor Energy Inc | SU-T | 26.320 | Likes assets and management. It is a commodity stock mainly. Oil sands are tied in tightly with price of oil, which is going down. Long term it is a great company but near term it is subject to the price of oil. Wait for the price to stop going down to begin new positions. | 2011-09-23 | ||
|
| |||||||
| DON'T BUY | Transalta Corp | TA-T | 21.810 | Warm to the utilities. He owns man others. He didn’t think management was as good as others, nor some of the assets. He prefers a clean utility, assets that are not economically sensitive and dividends that rise. | 2011-09-23 |