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| Rob Callander of Caldwell Securities |
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| TOP PICK | Canadian Imperial Bank of Commerce | CM-T | 87.350 | This one is down the most of the banks at 15%. A good level to start to buy. Good dividend yield. | 2007-08-14 | ||
| TOP PICK | Talisman Energy | TLM-T | 18.120 | An exceptionally well-run company. Diversified internationally. Have been selling and buying assets and production is expected to rise in the 2nd half. Strong cash position and very strong cash flows. | 2007-08-14 | ||
| TOP PICK | CASH | CASH | 39.810 | Treasury bills:-if you have a third of your portfolio in treasury bills you will sleep better. | 2007-08-14 | ||
| BUY | Canadian Tire Corporation Ltd | CTC-T | 87.000 | 2nd quarter results were terrific. 3rd quarter results will be flat year-over-year due to the expansion of some of their stores and they expect a very strong 4th quarter. | 2007-08-14 | ||
| BUY on WEAKNESS | Teck Resources Ltd. (B) | TCK.B-T | 42.100 | He has no metal stocks (except for gold) in his portfolio. This is the last remaining large-cap company in Canada. Have lots of cash and extremely strong earnings. He will wait and see if it gets a little lower. | 2007-08-14 | ||
| BUY on WEAKNESS | Bank of Nova Scotia | BNS-T | 47.680 | On a long-term view of the banks, it is almost impossible to lose money on them. You might want to add to your position on lower prices. | 2007-08-14 | ||
| BUY | Bank of Montreal | BMO-T | 61.270 | Haven't heard too much about how the subprime loans are going to affect them. It has the highest yield (over 4%) of any of the 5 major Canadian banks. | 2007-08-14 | ||
| PARTIAL BUY | Imperial Oil | IMO-T | 43.030 | He is more positively inclined towards oil in the short term. This stock would be a core holding in portfolios. Buy in stages. | 2007-08-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold:- Likes the outlook. The price is moving in the short term with other commodities, which have been correcting. With a slowing of the US economy, their government may have to lower interest rates, which should be positive for gold. | 2007-08-14 | ||
| BUY | Goldcorp Inc | G-T | 25.890 | Very low cost. Extremely well run. New management is pretty aggressive. If you have a positive view on gold, then this is a core holding for your portfolio. | 2007-08-14 | ||
| HOLD | Canadian Pacific Rail | CP-T | 72.550 | The whole subprime thing backed up into a possible takeover of this company, which shouted up to $89 but has now come back down. Given the resource strength in Canada, which will continue for many years, he would hold onto the stock. | 2007-08-14 | ||
| PARTIAL BUY | George Weston Ltd. | WN-T | 75.600 | Like a lot of other stocks, it has had a correction, but on top of that Loblaws (L-T) and some of their issues have affected it. He feels that Loblaws will work through their problems. This stock gives you a little bit of diversification. Buy this in stages. | 2007-08-14 | ||
| Comment | Telus Corp | T-T | 54.000 | Had a sharp correction because of a possible merger with BCE. That is off the table now. 2nd quarter was not good. An exceptionally well-run company. Has been growing consistently and will continue to do so. Long-term, an excellent stock. | 2007-08-14 | ||
| BUY | Bombardier Inc (B) | BBD.B-T | 5.480 | With new management, it seems to be moving in the right direction. Has turned the corner, but may be more volatile and riskier than a bank share. Expects improvements will continue getting higher share prices. | 2007-08-14 | ||
| TOP PICK | IGM Financial Inc. | IGM-T | 48.350 | Good dividend paying stock. Likes that they have their own dedicated sales force. Largest mutual fund company in Canada. Good price. | 2006-11-23 | ||
| TOP PICK | Nortel | NT-T | 2.420 | New management team in place. Implementing a cost cutting program to reduce costs by $1.5 billion. Accounting issues are behind him. Speculative. Looking out 2 to 3 years. | 2006-11-23 | ||
| TOP PICK | NYSE Group | NYX-N | 108.960 | Exchanges have not been well understood nor well covered. There is still considerable upside. Have dramatically reduced costs. | 2006-11-23 | ||
| BUY | Cameco Corporation | CCO-T | 41.820 | If you are a long-term investor, this is a buy. Uranium she continues going up. | 2006-11-23 | ||
| BUY | Emera Inc | EMA-T | 22.290 | Disposed to buying good, solid, dividend-paying stocks, so wouldn't have a problem with this company. 4% yield. Hold for the long-term. | 2006-11-23 | ||
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| BUY on WEAKNESS | Shoppers Drug Mart Corp | SC-T | 50.840 | Keeps growing, expanding their stores, bringing in new product lines, strong year-over-year sales gains. | 2006-11-23 | ||
| BUY | Jean Coutu Group (PJC) (A) | PJC.A-T | 11.650 | Sold their US operations, which will dramatically improve their balance sheet. Expect they will expand into Ontario. | 2006-11-23 | ||
| BUY | Tim Hortons | THI-T | 34.980 | Will probably have a lot of room for growth. Expanding their product line. Exception of the well managed. | 2006-11-23 | ||
| WAIT | Yellow Pages Income Fund | YLO.UN-T | 12.950 | Growth by acquisition. An exceptional franchise. Waiting to see what the government will do regarding trusts. | 2006-11-23 | ||
| PAST TOP PICK | iShares S&P/TSX Global Gold | XGD-T | 77.880 | (A Top Pick Nov 10/05. Up 43%.) Feels there is lots of upside in the golds. | 2006-11-23 | ||
| PAST TOP PICK | Power Financial Corp | PWF-T | 38.360 | (A Top Pick Nov 10/05. Up 16.4%.) This is a long-term hold. Have a terrific portfolio of investments. Undervalued, but in the near-term is probably fully priced. | 2006-11-23 | ||
| PAST TOP PICK | CitiGroup | C-N | 50.770 | (A Top Pick Nov 10/05. Up 6.4%.) Still likes US financials. Attractively priced. Better than average dividend yield. | 2006-11-23 | ||
| BUY | Petro-Canada | PCA-T | 50.380 | Fantastic company if you're a long-term investor. Lower valuation than its US peers. Very strong assets and well diversified in production, exploration, refining and retail distribution. | 2006-11-23 | ||
| BUY | Bank of Nova Scotia | BNS-T | 52.800 | Big believer in the banks even though they are trading at high levels. Have been increasing their payout ratios and have strong earnings in this quarter. Also feel interest rates may be lower in the next year. | 2006-11-23 | ||
| BUY | Bank of Montreal | BMO-T | 71.740 | Big believer in the banks even though they are trading at high levels. Have been increasing their payout ratios and have strong earnings in this quarter. Also feel interest rates may be lower in the next year. This is the highest yielding in the banks. | 2006-11-23 | ||
| BUY | Royal Bank | RY-T | 54.600 | Big believer in the banks even though they are trading at high levels. Have been increasing their payout ratios and have strong earnings in this quarter. Also feel interest rates may be lower in the next year. You can never go wrong buying this bank. | 2006-11-23 | ||
| Comment | AbitibiBowater Inc. | ABH-T (Dead) | 2.700 | A bit of a teaser. Trading at an exceptionally low price. Struggling, but has terrific assets. Canadian dollar is coming down. Speculative. An alternative might be Canfor (CFP-T). | 2006-11-23 | ||
| BUY | BCE Inc. | BCE-T | 27.380 | With all the changes in the trust sector, it is not sure what they're going to do now. Hardwired regular phones and long-distance calls are declining. Very attractive dividend yield. | 2006-11-23 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 84.670 | A fantastic company. With the disappearance of Falconbridge. Noranda and Inco, it has emerged as our large cap bellwether metal stocks. Well diversified. Quite expensive now. If you have a heavy weighting, consider taking some profits. | 2006-11-23 | ||
| BUY | Goldcorp Inc | G-T | 31.300 | Longer-term, There will be a stronger price for gold, but will continue to be volatile. Over the next few years, it will be a good area to invest in. Although juniors will give a great return, he prefers large caps which are safer. | 2006-11-23 | ||
| BUY | iShares S&P/TSX Global Gold | XGD-T | 77.880 | Longer-term, There will be a stronger price for gold, but will continue to be volatile. Over the next few years, it will be a good area to invest in. Although juniors will give a great return, he prefers large caps which are safer. | 2006-11-23 | ||
| BUY | Barrick Gold | ABX-T | 33.240 | Longer-term, there will be a stronger price for gold, but will continue to be volatile. Over the next few years, it will be a good area to invest in. Although juniors will give a great return, he prefers large caps which are safer. | 2006-11-23 | ||
| HOLD | RioCan Real Estate Investment | REI.UN-T | 25.850 | The REIT sector will not be affected by the government ruling on trusts. Once there is a clearer view on where the government is going, you'll have an indication as to whether to buy or not. | 2006-11-23 | ||
| BUY | Loblaw Companies Ltd | L-T | 45.520 | As an entry point, you could start nibbling at this time and then add at higher or lower prices. Have a pretty strong brand name. They will be able to compete with Wal-Mart. | 2006-10-23 | ||
| PAST TOP PICK | iShares S&P/TSX Global Gold | XGD-T | 70.260 | (A Top Pick April 19/06. Down 15.5%.) With Placer being taken over by Barrick (ABX-T) there wasn’t much choice and mid-caps are hard to follow, so this gives you a diversified portfolio. Still likes gold. | 2006-10-23 | ||
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| PAST TOP PICK | Power Financial Corp | PWF-T | 35.900 | (A Top Pick April 19/06. Up 3%.) A very undervalued stock. Looking at a valuation range of $42-$45. Still likes. | 2006-10-23 | ||
| PAST TOP PICK | CitiGroup | C-N | 50.620 | (A Top Pick April 19/06. Up 5%.) A long-term hold. Very good dividend yield. | 2006-10-23 | ||
| TOP PICK | Bell Aliant | BA.UN-T | 33.700 | A combination of a regional phone business in Ontario and Quebec along with the Aliant business in eastern Canada. Feels that landlines in these areas are very stable. Expected to grow at a 1%-3% range. 8% yield. | 2006-10-23 | ||
| TOP PICK | Precision Drilling | PD-T | 33.080 | Debt-free and has an attractive yield. Expanding into the US. Well run. A defensive kind of oil play. | 2006-10-23 | ||
| TOP PICK | Bank of Nova Scotia | BNS-T | 48.590 | All the five major banks are great. This is international. Good yield. Good management. | 2006-10-23 | ||
| BUY | NYSE Group | NYX-N | 75.000 | Still attempting to merge with the European stock market exchanges. Sees a lot of upside potential. | 2006-10-23 | ||
| BUY | Cameco Corporation | CCO-T | 38.950 | Had to close a Saskatchewan project because of flooding and the stock had a big drop. This might have a short-term effect on the price of uranium. Produces 20% of the world's uranium and is the lowest cost producer. | 2006-10-23 | ||
| Comment | Celestica Inc | CLS-T | 12.930 | Has really turned around. Continuing to manage their business well. Managing their costs, and doing a deal with Microsoft on their Xbox. Expects revenues next year will be up quite significantly. Suspects there’s still some upside room, but he doesn't follow the stock closely. | 2006-10-23 | ||
| HOLD | Shell Canada | SHC-T | 42.550 | Royal Dutch Shell has offered to buy the balance of the Company. Speculators and professionals are speculating that the offer will be increased, so if you own, hold on. | 2006-10-23 | ||
| DON'T BUY | Zarlink | ZL-T | 2.320 | Through the towel in quite a while ago on the stock and wouldn't be interested in owning it. | 2006-10-23 | ||
| WEAK BUY | Nortel | NT-T | 2.490 | Seem to be turning the company around. A lot of its problems are behind it. Likes the management. Good technology. Still spending on R&D. Possibly a longer-term play. He is nibbling at it. | 2006-10-23 | ||
| BUY | Petro-Canada | PCA-T | 46.170 | A fabulous company. Always seems to be undervalued. With the weakness here, this would be a good time to get in. A core holding. Well balanced, well diversified. | 2006-10-23 | ||
| DON'T BUY | iUnits S&P/TSX 60 ETF | XIU-T | 69.090 | The Canadian market is trading, sort of near a peak, so he expects to see the index sell off in the short term. This will trade almost in sync with what the index does. | 2006-10-23 | ||
| BUY | Prime West Energy Trust | PWI.UN-T | 28.380 | Some of the royalty trust that he likes includes Prime West Energy (PWI.UN-T), Precision Drilling (PD.UN-T), Advantage Energy (AVN.UN-T). | 2006-10-23 | ||
| BUY | Advantage Oil & Gas Ltd | AAV-T | 15.530 | Some of the royalty trust that he likes includes Prime West Energy (PWI.UN-T), Precision Drilling (PD.UN-T), Advantage Energy (AVN.UN-T). | 2006-10-23 | ||
| BUY | Advanced Micro Devices | AMD-N | 20.240 | Acquiring ATI Technologies (ATY-T) should put them in a stronger competitive position. Technology stocks are starting to come back into favor. | 2006-10-23 | ||
| WEAK BUY | RioCan Real Estate Investment | REI.UN-T | 24.480 | Some of the REITs he likes includes Riocan (REI.UN-T) and Canadian Apartment (CAR.UN-T). The problem is, they are well recognized, and are mature part of the trust market so the yields are fairly low. A lot of the easy money has been made. | 2006-10-23 | ||
| WEAK BUY | Canadian Apartment Properties | CAR.UN-T | 19.140 | Some of the REITs he likes includes Riocan (REI.UN-T) and Canadian Apartment (CAR.UN-T). The problem is, they are well recognized, and are mature part of the trust market so the yields are fairly low. A lot of the easy money has been made. | 2006-10-23 | ||
| BUY | Pfizer Inc | PFE-N | 27.730 | 3.4% dividend. The stock has been steadily rising over the last four months. Should be a core holding. | 2006-10-23 | ||
| BUY | Canadian Oil Sands Trust | COS.UN-T | 29.780 | Has had a very nice correction, giving you a good buying opportunity. A great way to play the oil sands. | 2006-10-23 | ||
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| BUY | Royal Bank | RY-T | 50.000 | Outlook for the banks is still pretty good. This is one of 2 banks that he would be focused on at the moment. | 2006-10-23 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 27.040 | (A Top Pick Nov 10/05. Up 19%.) With the acquisitions it's made, expects management will continue to be aggressive in trying to build a world scale company. Good quality assets. Positive on the outlook for gold. | 2006-09-12 | ||
| TOP PICK | Encana Corp | ECA-T | 52.610 | (A Top Pick Nov 10/05. Up 6%.) Over the next 5/10 years, there is going to be a very tight natural gas market. Trades at lower multiples then the US companies. | 2006-09-12 | ||
| PAST TOP PICK | CitiGroup | C-N | 48.990 | (A Top Pick Nov 10/05. Down 2.2%.) A fantastic company. Yield of 4.3%. Likes the business they are in. | 2006-09-12 | ||
| BUY | TSX Group | X-T | 49.120 | A very successful company which is continuing to grow and continues to have opportunities. Extremely well run. | 2006-09-12 | ||
| TOP PICK | Bank of Montreal | BMO-T | 66.610 | Right well managed and doing a good job. The highest dividend-yielding bank and he can see more dividend increases coming. Good defensive play against current market volatility. | 2006-09-12 | ||
| TOP PICK | Bell Aliant | BA.UN-T | 34.600 | 7.8% yield. Good quality. Well managed. Will grow at 1%. 2%, 3% a year. Dependable, measurable capital expenditures so you will be able to count on the distributions. Also has capital gain potential. | 2006-09-12 | ||
| BUY | Suncor Energy Inc | SU-T | 75.200 | When you have a period of weakness like this, you can use it to build up your position in energy. | 2006-09-12 | ||
| HOLD | Telus Corp | T-T | 61.900 | Converting to an income trust, which has added about $10 a share to the stock price. Talking of paying about $4 a share as distribution and yet maintaining the structure for capital expenditure. | 2006-09-12 | ||
| HOLD | BCE Inc. | BCE-T | 30.730 | Disappointed in the company. Although it has a high yield, he had been looking for an exit point. There is now a possibility of becoming an income trust which would move it up to $35/36. | 2006-09-12 | ||
| HOLD | Canadian National R.R. | CNR-T | 45.900 | With a little bit of a slowdown in the US economy, there may be a little bit of slowdown in their business. This is a core, portfolio stock to be held for the long-term. | 2006-09-12 | ||
| BUY | Bank of Nova Scotia | BNS-T | 46.900 | Expects there will continue to be dividend increases. Likes the banks and, although loan loss provisions have crept up a bit, but should be extremely manageable in 2007. Foreign assets are extremely profitable. | 2006-09-12 | ||
| BUY | Alcan Aluminum | AL-T (Dead) | 47.100 | This is a stock that you can hold for the long-term. It looks like a demand for aluminum is going to continue to rise in 2007. The weakness is creating a buying opportunity. | 2006-09-12 | ||
| WEAK BUY | Biovail Corp. | BVF-T | 16.410 | A very, very difficult stock to follow. Seems to be plagued with problems. Extremely volatile. Speculative buy with a hoped-for recovery in the low to mid $20’s. | 2006-09-12 | ||
| BUY | Hudbay Minerals Inc. | HBM-T | 13.920 | A copper/zinc play. Not a mature company as yet and could still be considered undervalued. | 2006-09-12 | ||
| BUY | NYSE Group | NYX-N | 61.370 | In the middle of attempting to merge with Euronex. Will also be starting and options exchange. Will become more electronic with their hybrid system. Cutting costs. | 2006-09-12 | ||
| BUY | Canadian Oil Sands Trust | COS.UN-T | 31.000 | Has been a spectacularly popular stock. Have now had the first significant correction in price. Based on the assumption that they will be able to increase their distribution to $2 next year, it trades at a yield of 6.5%. | 2006-09-12 | ||
| BUY | Enbridge | ENB-T | 35.180 | A good, dividend paying, sustainable, stable company. Good defensive play in this volatile market. | 2006-09-12 | ||
| WAIT | Tim Hortons | THI-T | 29.030 | A good company. Wendy's (WEN-N) has announced that they are spinning out all the Tim Horton’s shares so there will be a lot of Americans that will be trying to get rid of their shares. | 2006-09-12 | ||
| WAIT | Nortel | NT-T | 2.600 | Done a little nibbling on this one. There may be one event left in their turnaround. The one sign that they may have turned around is if they do a reverse split to move the shares into the $15/20 area. | 2006-09-12 | ||
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| BUY | Talisman Energy | TLM-T | 68.800 | A well-run international oil/gas company. | 2006-04-19 | ||
| BUY | CI Financial Corp | CIX-T | 32.600 | Still expecting a higher target price. Converting to a trust. | 2006-04-19 | ||
| TOP PICK | iShares S&P/TSX Global Gold | XGD-T | 82.890 | Represents the gold portion of the Standard & Poor TSX Composite Index. This takes advantage of some of the more junior/medium size companies, which tend to do better in a bull market then the seniors. | 2006-04-19 | ||
| WEAK BUY | Canadian National R.R. | CNR-T | 54.100 | 1.2% dividend. The best run railroad in North America. It is benefiting hugely from the high demand of resources. The share price is very high. Favours CP Rail (CP-T), as it is still catching up. | 2006-04-19 | ||
| DON'T BUY | Teck Resources Ltd. (B) | TCK.B-T | 85.880 | Kind of terrifies him. Spent a good part of the last 10 years in the $10/15 area and its scares him where it is. | 2006-04-19 | ||
| TOP PICK | Power Financial Corp | PWF-T | 34.510 | Over the last year or so, has been trading in the low to mid $30.'s. It controls, Great West Life, Investors Group, and some European holdings. As we get closer to bank mergers, this company will play a role. Undervalued. | 2006-04-19 | ||
| BUY | Encana Corp | ECA-T | 58.150 | Peaked at $70, and dropped to below $50, and he started buying it in the mid-$50. The price of gas has started to turn around. There are going to be tight gas markets until the Mackenzie Valley pipeline goes through. Will be appealing to US investors. | 2006-04-19 | ||
| TOP PICK | CitiGroup | C-N | 48.230 | Starting to move more money back into the US market. The US market looks undervalued. Americans are investing in our Canadian resources. Trading at 11 X earnings. 4% dividend yield. A good defensive holding. | 2006-04-19 | ||
| BUY | Loblaw Companies Ltd | L-T | 55.720 | Have had some problems with their distribution which has knocked the share price down. One of the best grocers in North America. A really good entry point. | 2006-04-19 | ||
| BUY | NYSE Group | NYX-N | 75.450 | Thinks that in 2/3 years it could be a $200 stock. There will be a secondary offering made, and when it is out of the way, assuming the markets are continuing to do well, you will start to see the share price rise again. | 2006-04-19 | ||
| BUY | Cameco Corporation | CCO-T | 48.670 | Uranium is going to play a huge role in the future of energy. This is the largest producer of uranium in the world. The lowest cost producer. If you are a longer-term investor, this is a stock you want in your portfolio. | 2006-04-19 | ||
| BUY | Archipelago Holdings | AX-A (Dead) | 51.770 | When the merger with the New York Stock Exchange is completed on Feb 3, which is like the IPO of a new company. Similarly to the Toronto stock exchange this should increase in value. | 2006-01-24 | ||
| BUY | Petro-Canada | PCA-T | 52.000 | There has been at 63% increase in oil/gas so what do you do from here. He feels you should focus on the integrateds and is one is an outstanding producer and is a little undervalued. | 2006-01-24 | ||
| TOP PICK | Encana Corp | ECA-T | 54.170 | Super focused on gas production. Natural gas has dropped from $14 to about $7. Until some of the northern pipelines get built and the gas starts flowing from up north, gas will be in tight supply. We have had an unusually mild winter which has affected demand. | 2006-01-24 | ||
| BUY | Hudbay Minerals Inc. | HBM-T | 7.190 | Inclined to think it will be a great zinc play. Expect the shares will go higher. | 2006-01-24 | ||
| BUY | Suncor Energy Inc | SU-T | 85.830 | Longer term, the outlook for this company is excellent. Probably the best alternative in the oil sands area. | 2006-01-24 | ||
| BUY | Telus Corp | T-T | 44.600 | Compare to BCE, this has been an incredibly successful story and wireless is one of the strong suits that they've moved into. Well run. Has the potential to continue to increase its wireless business. | 2006-01-24 | ||
| TOP PICK | Bank of Nova Scotia | BNS-T | 46.190 | Runs a good domestic retail business, keeps out of trouble, generates good earnings and quietly continues to expand its international operations. 3.1% dividend yield. | 2006-01-24 | ||
| BUY | Minco Mining & Metals Corp | MMM-T | 1.660 | Getting on with its projects. Has a fairly aggressive drilling program. Considerably undervalued. | 2006-01-24 | ||
| BUY | BCE Inc. | BCE-T | 27.450 | They have a lot of cash and everyone is wondering what they are going to do with it. They are supposed to be coming out with a strategy in February. Long-distance continues to be a significant declining business. Hard line phones will also be declining. Cellular is the growth business. At this price, it’s a good dividend play. | 2006-01-24 | ||
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| TOP PICK | Inco | N-T | 52.260 | Likes the outlook for nickel. Over the next couple of years, it will be a tight market for the commodity. Nickel prices will remain fairly strong. 2nd largest nickel producer in the world. Exceptionally well run. A good expansion story. | 2006-01-24 |
