| TOP PICK | | streetTracks Gold E.T.F. | GLD-N | 94.440 | Prefers gold bullion to stocks. Insurance against a financial calamity as well against inflation. Will probably take over as the world's reserve currency once again. | 2008-07-16 | |
| TOP PICK | | Inter Pipeline Fund | IPL.UN-T | 9.530 | Very safe security. Looking for a 12% capital gain. Gives a 9% yield. Won't be taxed in 2011 because of their capital costs allowance on their construction of the corridor pipeline. | 2008-07-16 | |
| TOP PICK | | Deere & Co. | DE-N | 65.150 | A mispriced security. People have stayed away because of the flooding in the US and fears it will impact farmers’ income. The opposite is true and farmers will have lots of money to spend on new equipment. Also selling watering meter systems to help farmers conserve water. | 2008-07-16 | |
| PAST TOP PICK | | Du Pont | DD-N | 42.130 | (A Top Pick July 19/07. Down 20%.) 2 parts of this company. He was interested in the seed and pesticides divisions, which are about 26% of the company's business. The other 74% is what is hurting. P/E ratio is quite low, ROE is still excellent and has a 3.5% dividend. Would still be a Buy subject to your views of the market. | 2008-07-16 | |
| PAST TOP PICK | | Mosaic Company (The) | MOS-N | 138.780 | (A Top Pick July 19/07. Up 244%.) Took profits at about $110. Looking for a reentry point on this one. | 2008-07-16 | |
| PAST TOP PICK | | UTS Energy | UTS-T | 5.450 | (A Top Pick July 19/07. Down 13%.) Hasn't benefited from the big run-up because 1) production is some years away, 2) fears they will not be able to raise the $2 billion (Wrong as they have this in hand.) and 3) oil sands stocks are out of favour. Still Buying and is overweight in clients’ portfolios. | 2008-07-16 | |
| PARTIAL BUY | | CAE Inc | CAE-T | 10.430 | Totally mispriced. People are equating the higher price of oil with higher jet fuel costs and assume new airline orders will plummet. That should not impact this company. There will be a continual demand for pilot retraining. Start with a small position and build up. | 2008-07-16 | |
| PARTIAL BUY | | Stantec Inc | STN-T | 23.800 | Engineering/consulting. Grow through acquisitions. 5-year chart shows earnings up 50%. Subject to your view of the market, start with a small position | 2008-07-16 | |
| BUY | | Scorpio Mining Corp. | SPM-T | 1.230 | His target is $2.50, which in the long-term is very conservative. Going through the process of getting to concentrate up to grade, which it almost is. Expecting them to start shipping concentrate in August/September. | 2008-07-16 | |
| WAIT | | Suncor Energy Inc | SU-T | 56.600 | Oil sands story currently is a political issue. Once the US election is over, reality will set in and these stocks will come back into favour. Hold off for the moment. Oil might take a further decline and there may be better buying opportunities. | 2008-07-16 | |
| Comment | | RioCan Real Estate Investment | REI.UN-T | 19.380 | REITs are going to be exempted from the legislation. Doesn't own as REITs don't do well with rising interest rates, which he thinks will happen. | 2008-07-16 | |
| Comment | | BFI Canada Income Fund | BFC.UN-T | 21.480 | Seriously considering this one. Good fundamentals. A key player in the waste management business. | 2008-07-16 | |
| BUY | | Zed.i Solutions Inc | ZED-X | 0.880 | Just bought some at $.85. Looking at cash flow of around $0.04 this year and $0.09 next year. Just surpassed 10,000 sites where they are providing service. Ongoing revenues from this exceeds overall corporate costs. | 2008-07-16 | |
| DON'T BUY | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Preferred Shares: - He believes there will be higher interest rates so he would not buy the perpetual preferreds as they behave like a long-term bond. | 2008-07-16 | |
| DON'T BUY | | Yamana Gold Inc. | YRI-T | 14.750 | Very bullish on gold and thinks it goes substantially higher in the next year. (See Top Picks.) | 2008-07-16 | |
| DON'T BUY | | Kinross Gold | K-T | 23.030 | Likes gold, but this is getting a little fully priced. (See Top Picks.) | 2008-07-16 | |
| DON'T BUY | | Agnico-Eagle Mines | AEM-T | 73.230 | Like gold, but this is getting a little fully priced. (See Top Picks.) | 2008-07-16 | |
| BUY | | Reitmans (Canada) Ltd. (A) | RET.A-T | 14.520 | 5% yield is very attractive. Has always liked this one longer-term. Chart shows the stock has pretty well done a round-trip in the last three years although earnings are up substantially in that period. Virtually debt-free. High ROE. Consumer is on strike but this one represents excellent long-term value. | 2008-07-16 | |
| BUY | | Yellow Pages Income Fund | YLO.UN-T | 8.980 | Looking at cash flow is, distribution seems quite safe. Expect there has been a lot of short selling but the stock is starting to pick up a bit. | 2008-07-16 | |
| BUY | | Agrium | AGU-T | 99.510 | Trading below 10X earnings and think it should be closer to 15X. | 2008-07-16 | |
| DON'T BUY | | Denison Mines Corp | DML-T | 7.990 | In uranium, he would prefer Uranium Participation (U-T) because he prefers to play the commodities directly and not get hung up with corporate pricing or production problems, etc. Likes uranium looking out 2 to 3 years. | 2008-07-16 | |
| BUY | | Cathedral Energy Services Income Trust | CET.UN-T | 12.860 | He is currently buying for new accounts. One of the reasons these stocks are being dragged down is the fear that natural gas will go back to $8.50 or $9 so most of the service stocks are getting hit. | 2008-07-16 | |
| BUY | | Pason Systems Inc. | PSI-T | 16.150 | Most of the service stocks are being dragged down because of a fear that natural gas will go back to $8.50 or $9. Good opportunity to buy. | 2008-07-16 | |
| DON'T BUY | | Talisman Energy | TLM-T | 19.030 | Their entrance into Kurdistan puzzled him. A fairly peaceful area, but the central government in Baghdad will not let the Kurds do a private deal. Would be nervous if the drilling was successful. | 2008-07-16 | |
| BUY | | Oilexco Inc | OIL-T | 16.270 | A pure play on the North Sea. Easily a buying opportunity. | 2008-07-16 | |
| Comment | | Goldcorp Inc | G-T | 47.260 | Likes gold. (See Top Picks.) Has a very nice war chest, so it is interesting. | 2008-07-16 | |
| Comment | | Pfizer Inc | PFE-N | 18.260 | At an interesting Buy point but not sure he would buy it currently. On his Watch list. | 2008-07-16 | |
| Comment | | Petro-Can | PCA-T | 49.200 | By the end of the year, they will have a proposal for construction in the oil sands and the market is waiting for that. In all likelihood, they are going to go ahead and once they make that decision, it will help both this company and UTS. On a price to cash flow basis, it is cheap. | 2008-07-16 | |
| DON'T BUY | | Canadian Imperial Bank of Commerce | CM-T | 56.100 | Still very cautious on the banks. Significantly more write-offs to come, especially in the US. This could rub off on some of the Canadian banks. Holding off on buying any banks until the end of this year or the beginning of next year. | 2008-06-30 | |
| Comment | | Yellow Pages Income Fund | YLO.UN-T | 8.850 | Distributions appear to be safe. US counterparts have been having a difficult time. Not sure why the stock has dropped to where it is except possibly short sellers. Doesn’t know what to say. | 2008-06-30 | |
| BUY | | Penn West Energy Trust | PWT.UN-T | 34.480 | Has the advantage of about $6 billion in tax pools meaning you don’t have to worry about the taxes in 2011 for several years. Management is doing an extensive review of its options. Pretty good yield. | 2008-06-30 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Preferred Stocks: Doesn’t like the outlook for interest rates and therefore long bonds and perpetual preferred shares because as rates rise their prices will decline. Risk is entirely interest rate related. One preferred he could recommend is Premium Income Corp (PIC.PR.A-T). Split share corporation consisting of bank holdings. | 2008-06-30 | |
| BUY | | UTS Energy | UTS-T | 5.960 | Twofold problem. 1) In the oil sands, which is getting a lot of negative publicity. 2) Can it finance its share if Fort Hills goes ahead? He reviewed all the numbers with the CEO and he is convinced they have the asset base and potential earnings power to raise whatever is needed. | 2008-06-30 | |
| BUY | | Inter Pipeline Fund | IPL.UN-T | 10.030 | There won’t be much in the way of capital gain; maybe 4 or 5 percent a year but there is also the 8% yield. With the capital spending they are doing to build the corridor pipeline they won’t be taxed any time soon. | 2008-06-30 | |
| BUY | | Peyto Energy Trust | PEY.UN-T | 20.150 | Yield is not that great but on the other hand, with the tax pools they have, you are not looking at taxes any time soon. | 2008-06-30 | |
| HOLD | | Manitoba Telecom Services | MBT-T | 40.010 | Looking very interesting and thinking of adding to it. Telecom area going forward could be rather interesting once the auction is over and sees how the dust settles. | 2008-06-30 | |
| TOP PICK | | Deere & Co. | DE-N | 72.130 | Key reasons for its decline is flooding in central US. Dept of Agriculture came out with another revision of corn, soy and wheat plantings. Also farm income, which will be up 25%. This is a key driver to tractor and combine sales. Countries where they are well represented are doing very well. | 2008-06-30 | |
| TOP PICK | | streetTracks Gold E.T.F. | GLD-N | 91.400 | Gold is a protection against a decline in the US$ as well as a hedge against inflation. | 2008-06-30 | |
| TOP PICK | | Canadian Natural Rsrcs | CNQ-T | 100.840 | Lots of questions about the oil sands, but they are also very active in other areas including natural gas deep drilling in Canada and offshore Africa. Investors should look at the cash flow after the project is completed. Next Year Horizon should be throwing off $4 in cash flow. A conservative way to play natural gas and the oil sands. | 2008-06-30 | |
| BUY | | Zed.i Solutions Inc | ZED-X | 0.990 | A 5 million block was traded last week by FirstEnergy (FE-N) who is very bullish on it. Has turned around. Great long-term play. Trying to Buy at $0.99. | 2008-06-30 | |
| TOP PICK | | Peyto Energy Trust | PEY.UN-T | 19.870 | Natural gas. Have touched only 25% of their undeveloped acreage. Grow reserves from drill bit rather than acquisition. Tax pools probably keep them out of a taxable position until 2014/2015. Looking for distributions to increase. Capital gain will only be 4% or 5% and the rest of it will be distributions. | 2008-06-04 | |
| TOP PICK | | Deere & Co. | DE-N | 80.650 | US and Brazilian farmers have had bang-up years in terms of income so will be looking at new equipment. In Brazil, they are accelerating the growth of sugar cane harvesting for production of ethanol. | 2008-06-04 | |
| TOP PICK | | Scorpio Mining Corp. | SPM-T | 1.290 | A 2 to 3-year hold so don't Buy for the short term. Just made the transition from a strictly exploration company to a production company. Will be processing up to 2500 tons a day in 2009/2010. Tentative cash flows of $.25 next year and $.55 the following year. | 2008-06-04 | |
| PAST TOP PICK | | iPath DJ-AIG Agricultural Index | JJA-N | 58.330 | (A Top Pick June 4/07. Up 17%.) Given all the furor about crop prices and the likelihood of price weakness in wheat, there may be some temporary stalling. If you own, consider taking some profits and going in at a lower rate. | 2008-06-04 | |
| PAST TOP PICK | | Du Pont | DD-N | 46.770 | (A Top Pick June 4/07. Down 9%.) Has been a disappointment. Likes its 25% exposure to the agriculture field, both in pesticides and seeds. 2 other areas of this company are being hit by the US slowdown. Would still be a Buyer. | 2008-06-04 | |
| PAST TOP PICK | | streetTracks Gold E.T.F. | GLD-N | 86.650 | (A Top Pick June 4/07. Up 31%.) Has half his 15% exposure to precious metals in this and iShares Silver (SLV-A). The other half is in gold and silver stocks. Still a Buy. | 2008-06-04 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: Guru George Soros is calling for a correction, so he would be a little nervous short-term. Not reducing his weighting in energy related stocks. Looking out in 3 years, their will be great domestic growth in China, India and other emerging markets, which will offset any decline in world trade. | 2008-06-04 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Likes agriculture, precious metals and infrastructure groups both short and long-term. | 2008-06-04 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: To date it has traded on US$ weakness but thinks this weakness is now over. Major force driving gold from here will be inflation, accumulation by central banks and sovereign wealth funds as well as the general demand for gold. Sees gold at $1250-$1500 over the next 12 months. | 2008-06-04 | |
| BUY on WEAKNESS | | Zed.i Solutions Inc | ZED-X | 0.990 | Along with natural gas, it seems to have turned the corner. Looking for $.07 a share cash flow this year and $.09 next. If the stock declines, he will double up on existing positions. Great long-term Buy. | 2008-06-04 | |
| BUY | | Inter Pipeline Fund | IPL.UN-T | 10.040 | Likes the pipelines including #1 Inter Pipeline (IPL.UN), #2 Fort Chicago (FCE.UN-T) and #3 Pembina (PIF.UN-T). Fully priced, but gives a very good yield. | 2008-06-04 | |
| SPECULATIVE BUY | | Compliance Energy | CEC-X | 0.470 | Great speculation. Has been trying to develop its metallurgical coal asset on Vancouver Island. Signed a memo of understanding with 2 Japanese companies for financing of a feasibility study to be completed in 2009/2010. Also have some copper assets. | 2008-06-04 | |
| HOLD | | Canadian Tire Corporation Ltd. (A) | CTC.A-T | 59.600 | One of the countries great retail stories backed up by good real estate locations. In the short term, this and other retail stocks have been hit. Looking through to 2009/2010 you will see blue-chip stocks like this recover very nicely. | 2008-06-04 | |
| Comment | | Yellow Pages Income Fund | YLO.UN-T | 9.950 | Feels the distribution is safe and expects it to increase modestly. The current malaise has more to do with short selling. | 2008-06-04 | |
| BUY | | Coca-Cola Company | KO-N | 56.700 | Likes this and is one that he would consider adding. If there is a more prolonged economic slowdown, lower priced beverages and fast foods will be more looked at for people trying to save. | 2008-06-04 | |
| Comment | | Sprott Inc. | SII-T | 9.600 | Eric Sprott’s one of the smartest people in Canada and is assembling a first-class investment team. There are some issues with Timminco (TIM-T) that have to be cleared up first. If you have a 2 or 3 year outlook, a great buy. | 2008-06-04 | |
| BUY on WEAKNESS | | Gluskin Sheff + Associates | GS-T | 21.390 | Ira Gluskin is one of the great thinkers in this country. Would consider this one below $20. | 2008-06-04 | |
| BUY | | Crescent Point Energy Trust | CPG.UN-T | 36.750 | Would buy this oil trust as a package with the natural gas trust of Peyto Energy (PEY.UN-T). (See Top Picks.) Has access to the Bakken field, which is a huge play that is not nearly fully developed. | 2008-06-04 | |
| SELL | | Parkland Income Fund | PKI.UN-T | 11.600 | Sold his holdings because they were expanding into rural eastern Canada, which he thought was already well serviced by Esso. | 2008-06-04 | |
| BUY | | MERCATOR MINERALS LTD. | ML-T | 12.070 | Copper/molybdenum in the US. Great long-term play. For a stock like this, would recommend a 2% weighting in your portfolio. | 2008-06-04 | |
| Comment | | Archer Daniels Midland Company | ADM-N | 38.110 | Ethanol. Among the cheapest of the agricultural stocks. If there is going to be an effort by governments to contain food prices, ethanol will suffer. | 2008-06-04 | |
| DON'T BUY | | Viterra Inc | VT-T | 13.740 | Prefers Potash (POT-T), Agrium (AGU-T) and Mosaic (MOS-N). | 2008-06-04 | |
| DON'T BUY | | Nortel Networks Ltd. (Pref G) | NTL.PR.G-T | 11.000 | The prices down because people are concerned about the company’s sustainability and its ability to pay the dividend. Would look at other preferreds instead. | 2008-06-04 | |
| BUY | | Canadian Oil Sands Trust | COS.UN-T | 49.020 | (Market Call Minute.) A great way to play the oil sands. There will be a lot more takeover activity. Distributions are safe. | 2008-06-04 | |
| BUY | | Reitmans (Canada) Ltd. (A) | RET.A-T | 16.990 | (Market Call Minute.) Stock dropped quite sharply today. Deals in the lower market space and people are going to look for value. The dividend. | 2008-06-04 | |
| BUY | | Arc Energy Trust Units | AET.UN-T | 29.500 | (Market Call Minute.) | 2008-06-04 | |
| BUY | | Barrick Gold | ABX-T | 39.660 | (Market Call Minute.) Prefers others, but this is okay. | 2008-06-04 | |
| TOP PICK | | CAE Inc | CAE-T | 11.850 | Leader in global pilot training/retraining. Airline industry needs about 16,000 new pilots a year. Also a leader in the manufacture of the training modules. | 2008-05-01 | |
| TOP PICK | | Stantec Inc | STN-T | 31.060 | Infrastructure play. Cheapest in the sector. Looking at 19% to 22% earnings growth over the next several years. Aggressively buying up small to midsize engineering and environmental consulting firms. | 2008-05-01 | |
| TOP PICK | | Canadian National R.R. | CNR-T | 53.900 | Looking ahead to an economic recovery. This and Canadian Pacific (CP-T) are the cheapest in North America. Historically this has been the most efficient operator. | 2008-05-01 | |
| PAST TOP PICK | | Inter Pipeline Fund | IPL.UN-T | 9.520 | (A Top Pick May 16/07. Up 8%.) Income trust pipelines are going to do very well. Still a Buy. | 2008-05-01 | |
| PAST TOP PICK | | Deere & Co. | DE-N | 84.400 | (A Top Pick May 16/07. Up 42%.) The more farmers grow and the higher the price for the commodities, they will continue to buy new equipment. Metrics a year ago indicated that 90% of US farmers’ equipment was more than 5 years old. Very cheap. Still a Buy. | 2008-05-01 | |
| PAST TOP PICK | | Du Pont | DD-N | 48.940 | (A Top Pick May 16/07. Down 4%.) Agriculture is about 25% of their sales and has been ramping up 15%+ a year in earnings growth. Their other businesses are lagging. In an economic recovery, technical/research expertise will pick up earnings for the rest of the company. Still a Buy. | 2008-05-01 | |
| STRONG BUY | | Scorpio Mining Corp. | SPM-T | 1.420 | His Favourite stock and his largest spec. holding. Looking at 2 to 3 years for full value. Big news is that they have started production at the Nuestra Senora Project in Mexico. Minimal cash flow this year, but looking out to 2009, he expects a minimum $.25 a share cash flow and $.55 the following year. The real potential is the vast undeveloped reserves. | 2008-05-01 | |
| BUY | | Crescent Point Energy Trust | CPG.UN-T | 31.970 | Has exposure to an oilfield in Saskatchewan that overlaps and goes into the US. Have vast undeveloped acreage that will shore up their reserves substantially. 7.3% yield. | 2008-05-01 | |
| Comment | | Talisman Energy | TLM-T | 20.700 | With the announced change in corporate direction, he will have another look at this one. One of the cheaper ones. | 2008-05-01 | |
| PARTIAL BUY | | Agrium | AGU-T | 79.600 | Potash has had rampant speculation over and above the basic investment demand. Changes in diets in emerging markets will mean a long, steadily rising demand for high-protein food. This is one of the leaders in the area. Start nibbling and average down. At $75, he could see a $25 upside. | 2008-05-01 | |
| PARTIAL BUY | | Potash Corp of Saskatchewan | POT-T | 186.550 | Potash has had rampant speculation over and above the basic investment demand. Changes in diets in emerging markets will mean a long, steadily rising demand for high-protein food. Reasonable entry point, but phase your Buy program over a month or two. Long-term investment. | 2008-05-01 | |
| PARTIAL BUY | | Mosaic Company (The) | MOS-N | 122.550 | Potash has had rampant speculation over and above the basic investment demand. Changes in diets in emerging markets will mean a long, steadily rising demand for high-protein food. Reasonable entry point, but phase your Buy program over a month or two. Long-term investment. | 2008-05-01 | |
| HOLD | | Penn West Energy Trust | PWT.UN-T | 30.280 | One of his favourites. With their tax pools, they could probably go out to about 2013. Talking about reducing distributions to create at 4%-5% yield and converting into a long-term growth E&P company. Keep an eye on the corporate plans. | 2008-05-01 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: - Feels it is going to be $1200 to $1500 12 to 18 months out. Will be increased demand from countries globally. Also inflation is back with us significantly higher than currently expected. It could go lower in the near term depending on how strong the US$ is. | 2008-05-01 | |
| BUY | | Yamana Gold Inc. | YRI-T | 13.100 | Expects gold is going to be $1200 to $1500 in 12 to 18 months out. | 2008-05-01 | |
| SELL | | Fortis Inc. | FTS-T | 27.960 | Nice yield at 3.6% but trades at a very high multiple in excess of the TSE price/earnings ratio. | 2008-05-01 | |
| BUY | | Fort Chicago Energy Partners | FCE.UN-T | 11.040 | 9% yield. Buy this one for the income, not the capital gains. | 2008-05-01 | |
| BUY | | Oilexco Inc | OIL-T | 15.500 | Has been a Top Pick 2 or 3 times this year. Focuses on the North Sea on properties that were cast off by the majors. Looking at cash flows at $6+ and production of around 65,000 barrels a day. | 2008-05-01 | |
| BUY on WEAKNESS | | Teck Cominco Ltd. (B) | TCK.B-T | 43.600 | There are very few major blue chip companies in Canada. Fabulous portfolio of resource assets. Small compared to some of the international giants. Fits into his long-term thesis that you want to own hard assets in the ground in an inflationary environment. Would like it at $40. | 2008-05-01 | |
| BUY | | IBM | IBM-N | 123.610 | 65% of revenues come from foreign sources. Even with the slowdown in the US, they produced a 6% growth rate in the first quarter, 16%+ from offshore. Relatively cheap. | 2008-05-01 | |
| BUY | | Zed.i Solutions Inc | ZED-X | 0.740 | With the firming up of natural gas prices there is an increased demand for their product. Very thinly traded. | 2008-05-01 | |
| Comment | | Trans Canada Corp | TRP-T | 37.250 | Cheaper on a price to cash flow basis than Enbridge (ENB-T). Good yield. Feels there is good growth in the pipeline area. Great company. $35 - $36 is not a bad price but remember that interest sensitive stocks will not do that well in a sharply rising interest rate environment. | 2008-05-01 | |
| Comment | | Peyto Energy Trust | PEY.UN-T | 19.460 | Remains one of his favourite trusts because they develop their own reserves through the drill bit. Have accumulated massive amounts of land and will be able to keep production up. | 2008-05-01 | |
| Comment | | Bell Aliant | BA.UN-T | 30.390 | 60% controlled by Bell Canada (BCE-T). Likes it because of the income. Its future is a bit cloudy based on when the Teachers Pension takes over BCE. | 2008-05-01 | |
| Comment | | BCE Inc. | BCE-T | 36.860 | The chart looks terrible and screams that this is not about a deal that will be completed at $42.75. He wonders if there isn't a re-pricing in the works or something worse. | 2008-05-01 | |
| DON'T BUY | | Tim Hortons | THI-T | 33.690 | Conceptually this might be a recession proof stock but the price/earnings ratio is much too high. | 2008-05-01 | |
| BUY | | Newalta Income Fund | NAL.UN-T | 20.200 | (Market Call Minute.) This and CCL Industries (CCL.B-T) were one of the 2 companies in Canada that focus on waste disposal and this is the last public one available. | 2008-05-01 | |
| HOLD | | Bombardier Inc (B) | BBD.B-T | 6.570 | (Market Call Minute.) Would like to see exactly how well they do with theC7, as it could be a tremendous albatross if anything goes wrong. | 2008-05-01 | |
| BUY | | Bonavista Energy Trust | BNP.UN-T | 31.050 | (Market Call Minute.) Good gas exposure. A long-term hold. | 2008-05-01 | |
| BUY | | Kinross Gold | K-T | 19.040 | (Market Call Minute.) He likes gold and this has been pounded unmercifully. | 2008-05-01 | |
| TOP PICK | | Du Pont | DD-N | 51.210 | Cautious on the market so his 3 top picks are deep value. Main attraction is that it is an applied technology company, great research, 1000 new products every year and will benefit from agriculture. Making very good money in the emerging markets. Forecasting good growth. | 2008-04-17 | |
| TOP PICK | | Deere & Co. | DE-N | 89.550 | Cautious on the market so his 3 top picks are deep value. This is a component of the agricultural industry. An enormous number of US farmers have equipment that is more than 5 years old. They now have money in their pocket and prospects for farm income is pretty good. | 2008-04-17 | |
| TOP PICK | | Oilexco Inc | OIL-T | 14.910 | Cautious on the market so his 3 top picks are deep value. Great exposure to light oil. Have taken properties in the North Sea that majors abandoned. Reworked some of the fields. Looking at $3.50/$4 this year in cash flow and about 30 to 33 thousand barrels of production going to about $7.50/$8 next year on 60,000 barrels a day. If they can get another offshore rig, they can probably get production up to 100,000 barrels getting cash flow of $11/$12. | 2008-04-17 | |
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