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| TOP PICK | | Encana Corp | ECA-T | 90.590 | Into oil/gas production that takes longer to get going, but lasts a lot longer. Feels investors are underestimating the value of the long-term stream of income. Also, it is breaking itself up into an oil company and a gas company and these types of spin-offs tend to pay off. | 2008-06-20 | |
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| TOP PICK | | Broadridge Financial Solutions Inc. | BR-N | 22.710 | Service company for brokers and financial institutions. Spin-off from Automatic Data Processing (ADP-N). Global growth industry. A way to profit from computing power getting cheaper and cheaper. | 2008-06-20 | |
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| TOP PICK | | Trans Canada Corp | TRP-T | 40.000 | An expert in the pipeline industry and now expanding into electricity. You buy this for both stock appreciation and the 3.5% dividend. Have a lot of expertise and prestige in their area. Likes their expansion plans. Won't go smoothly but it will pay off. | 2008-06-20 | |
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| Comment | | Denison Mines Corp | DML-T | 6.970 | You should have some commodities, but uranium is riskier. You could hold this one is a small portion of the aggressive portion of your portfolio, but don't bet heavily on it. Prefers Cominco (CCO-T). | 2008-06-20 | |
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| DON'T BUY | | Potash One Inc. | KCL-T | 4.950 | Fertilizer companies are now in the high end of their cycle. New companies are trying to get into this industry. A good example of something that is in the media limelight. Not a great time to be buying fertilizer stocks. | 2008-06-20 | |
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| BUY | | Canadian Imperial Bank of Commerce | CM-T | 61.630 | Canadian banks are well established companies with good dividends and good long-term growth. Everybody should own 2 or 3 of Canada's top line banks. This one is a bit more speculative because of its brokerage exposure etc. Prefers Bank of Nova Scotia (BNS-T) but this is an attractive company. | 2008-06-20 | |
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| BUY | | Bank of Nova Scotia | BNS-T | 49.620 | More internationally diversified and more retail focused which is less volatile. | 2008-06-20 | |
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| HOLD | | Stake Technology | SOY-T | 7.110 | An example of a smaller stock that shouldn't make up a large portion of your portfolio. In the area of some food businesses that are coming along nicely. Pretty good bet. | 2008-06-20 | |
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| BUY | | Reitmans | RET-T | 14.690 | If you are looking for a more aggressive investment, this would be a Buy. People are wary of consumer stocks, as there is a question if people will have money to spend but this is probably already built into the stock. Dividend would be relatively safe. | 2008-06-20 | |
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| BUY | | CAE Inc | CAE-T | 12.280 | Their customer base is the airlines, which are dying. With the price of oil going up, there will be a new generation of planes, which will require training. Pretty good choice for an aggressive stock. | 2008-06-20 | |
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| BUY | | Northgate Minerals Corp. | NGX-T | 2.760 | Heavily influenced by the price of base metals, which are all over the place. Hard to predict a target. If you were going to have a portfolio that includes speculative mining, this would be a good choice. | 2008-06-20 | |
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| BUY | | TorstarCorp (B) | TS.B-T | 12.130 | Yield of 5.6%. Investors are treating this much more roughly than they should because they look at the industry more than the individual company. Building up its Internet capabilities. | 2008-06-20 | |
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| Comment | | Bank of Montreal | BMO-T | 43.890 | Hard to zero in on the best time to Buy especially on closely watched groups like the Canadian banks. You can gradually Buy or hold your breath and aggressively Buy knowing you are not going to get the bottom. | 2008-06-20 | |
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| HOLD | | Cameco Corporation | CCO-T | 37.900 | If you own, he would be inclined to Hold. If it were a big part of your portfolio, he would Partially Sell. The stock does not have an immediate attractive outlook. | 2008-06-20 | |
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| DON'T BUY | | Uranium One Inc. | UUU-T | 4.110 | In a field that is not that bright at the moment, he wouldn't go for the smaller players. | 2008-06-20 | |
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| Comment | | Power Corp | POW-T | 31.960 | Parent company of IGM Financial (IGM-T), which would be his favourite in this group. | 2008-06-20 | |
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| BUY | | IGM Financial Inc. | IGM-T | 44.110 | Likes that they have their own funds and their own sales people. | 2008-06-20 | |
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| BUY | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 88.790 | Doesn't think you can call the distribution safe, but it could go up over the next 6 months or a year. If you can accept some risk, this is a Buy. | 2008-06-20 | |
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| WAIT | | Tim Hortons | THI-T | 30.760 | Soaring food prices are pushing up their costs and it can't necessarily pass this on to its customers. Have to make it up on volume and this is not easy to do. | 2008-06-20 | |
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| HOLD | | Stantec Inc | STN-T | 27.590 | An example of a consolidator. Grows by buying small engineering companies in the industry. If we are into less vigorous growth in the next couple of years, this would not be as attractive as it was in the past. Also, if you grow by acquisition there is always the danger that you are buying some trouble. | 2008-06-20 | |
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| HOLD | | SNC-Lavalin Group Inc. | SNC-T | 56.500 | Very high compared to current earnings. | 2008-06-20 | |
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| BUY | | Imperial Oil | IMO-T | 56.080 | Integrated oil, so is not just producing but is also selling and refining. Has lots of assets that it acquired many years ago at lower prices. And attractive Buy. | 2008-06-20 | |
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| BUY | | Toronto Dominion | TD-T | 65.050 | The time is an opportunity to Buy for the long-term. Doesn't think you are too poorly served to have 2 or 3 banks making up 7% to 10% of your portfolio. | 2008-06-20 | |
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