| Comment | | Hudbay Minerals Inc. | HBM-T | 24.260 | Analysts have been cutting their estimates by fairly sharp amounts. If you have well diversified portfolio, Hold otherwise Sell. | 2007-05-28 | |
| BUY | | Claymore S&P/TSX Preferred E.T.F. | CPD-T | 19.680 | Has been dropping lately, mostly because of the BCE preferreds. Since March, 10-year Canada's are up about 40 basis points and 30-year are up about 25 or 30. Owning this one for income is fine. | 2007-05-28 | |
| SELL | | CanAlaska Ventures Ltd. | CVV-X | 0.650 | When analysts are cutting estimates, do not average down. Wouldn't touch this one with a 10-foot pole. | 2007-05-28 | |
| SELL | | Lundin Mining Corp. | LUN-T | 13.050 | One of the very few mining companies that have negative estimate revisions. Would prefer others. | 2007-05-28 | |
| SELL | | Goldcorp Inc | G-T | 24.550 | Wouldn't touch any gold mine right now. There’s a disconnect between gold bullion and gold stocks. Gold bullion in terms of Cdn$ is down about 5% in the last 3 months, while gold stocks are down about 17%. | 2007-05-28 | |
| SELL | | Talisman Energy | TLM-T | 21.980 | Had negative estimate revisions. Sold his holdings. | 2007-05-28 | |
| SELL | | Kingsway Financial Services | KFS-T | 20.520 | Involved with high-risk insurance. Has been having some problems. Recently had a quarter with a negative earnings surprise. | 2007-05-28 | |
| DON'T BUY | | Breakwater Resources | BWR-T | 2.420 | Zinc manufacturer. Prospects for zinc are very good. A good stock for the long run. Illiquid stock. If they should miss on any earnings, there will be a big risk. | 2007-05-28 | |
| BUY | | Teck Cominco Ltd. (B) | TCK.B-T | 44.000 | Broad diversification across any metal. Very cheap. Very profitable. | 2007-05-28 | |
| TOP PICK | | Royal Bank | RY-T | 59.050 | ROE of 24%. Up steadily and consistently at 17% from the bottom of this cycle. Have problems with insurance and assets in the US, but these are fixable. They will continue to increase dividends. | 2007-05-28 | |
| TOP PICK | | Canadian Imperial Bank of Commerce | CM-T | 106.210 | New management made some good positive moves. Slight dividend increase of 3%, which indicates they are rebuilding their tier one capital. 10% share buyback. | 2007-05-28 | |
| TOP PICK | | CI Financial Income Fund | CIX.UN-T | 30.550 | This will stay an income trust until 2011. Very profitable with about 35% ROE. Expect distribution increases in the mid-to high teens. | 2007-05-28 | |
| DON'T BUY | | Pan American Silver | PAA-T | 28.690 | Short term is quite negative. Ranks very poorly on his quant screens. Has had significant negative earnings surprises. | 2007-05-28 | |
| Comment | | Bank of Montreal | BMO-T | 71.290 | Has taken a hit recently because of its energy trading division. Has been oversold. Yields about 3.9%. Need to see the new CEO start to put together new situations. Only a Buy for the yield. | 2007-05-28 | |
| BUY | | Aur Resources | AUR-T | 29.090 | Relative to its peer group, this is attractively valued and has better earnings predictability. | 2007-05-28 | |
| HOLD | | Bank of Nova Scotia | BNS-T | 53.750 | Good international focus. Will always offer great growth opportunities going forward, but in the near-term, the Cdn$ may impact the stock. Long-term, a very good investment but short term would prefer others. | 2007-05-28 | |
| HOLD | | Toronto Dominion | TD-T | 72.500 | Has a growth platform focused in the US. As a result, it has exposure to the Cdn$ and perhaps to some of the situations that are impacting the US economy. Long-term, a very good investment but short term would prefer others. | 2007-05-28 | |
| HOLD | | Uranium One Inc. | UUU-T | 16.380 | Has been soft lately. Wouldn't average down at this time. | 2007-05-28 | |
| HOLD | | Bombardier Inc (B) | BBD.B-T | 4.780 | Has been steadily improving on his quantitative ranks. Earnings are expected to be reported shortly. Pay attention to them. | 2007-05-28 | |
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| BUY | | Power Financial Corp | PWF-T | 41.870 | A great defensive play. Relative to the financial services group, he is seeing relative good performance. Have a history of solidly increasing dividends. | 2007-05-28 | |
| HOLD | | Agrium | AGU-T | 41.400 | Very profitable and doesn't have volatile earnings and profitability swings like the other materials group has had. Recently had a negative earnings surprise. | 2007-05-28 | |
| HOLD | | Canadian Pacific Rail | CP-T | 76.770 | Great long-term investment. | 2007-05-28 | |
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