| TOP PICK | | Xantrex Technology Inc. | XTX-T | 10.570 | Manufacture converters for solar and wind power to convert power back to 110/120 alternating current. Expected to earn $0.41 for Dec/08 (25 PE). | 2008-06-18 | |
| TOP PICK | | CASH | CASH | 0.000 | (A Top Pick July 26/07.) Had seen storm clouds on the horizon a year ago. Again cautious on the market. (This is his 1st and 2nd Top Picks.) | 2008-06-18 | |
| PAST TOP PICK | | Allen-Vanguard Corp. | VRS-T | 2.580 | (A Top Pick July 26/07. Down 62%.) Electronic jammer to offset roadside bombs. New contracts have been added and new ones expected. | 2008-06-18 | |
| PAST TOP PICK | | Boralex Inc. | BLX-T | 15.170 | (A Top Pick July 26/07. Up 2%.) Has been selected by Quebec to create a wind farm near Quebec city. Sold his holdings. | 2008-06-18 | |
| Comment | | Research In Motion | RIM-T | 147.250 | Q; Will they ever pay a dividend? A: Doesn’t expect they will as they can make good use of their cash for growing the business. Likes the stock, but doesn’t own currently because of his caution on the market. Good growth opportunities over the next year and a half to two years. | 2008-06-18 | |
| BUY | | Xenos Group Inc (The) | XNS-T | 2.700 | Ranks in the top 10% of his database. Company has put a big focus on introducing new products as well as controlling costs. Expecting good growth. Earnings expected to go from $0.22 to $0.24 in Sept/09 year-end. Speculative. | 2008-06-18 | |
| BUY on WEAKNESS | | Sierra Wireless | SW-T | 16.100 | Ranks about halfway in his model. Earnings expected to grow 21%. A 12 PE. On the surface it appears attractive and are introducing some new products. Look for a pull back in the market. | 2008-06-18 | |
| WAIT | | aeromechanical Services | AMA-X | 0.790 | Black box product for planes. Long on promise but short on delivery. Good product but installations haven’t occurred as quickly as expected. Company indicates 11 installations will be started in August. Wait for the installations to actually begin. | 2008-06-18 | |
| SELL | | Nortel | NT-T | 10.000 | Still sceptical. Not in the top 25% of his database. Earnings growth expected to be a glacial 13%. Huge overcapacity in the industry and a lot of competition. | 2008-06-18 | |
| Comment | | Absolute Software Corp. | ABT-T | 11.020 | Stolen laptops software. Product is very good. Hard for his database to model it because there is no recurring revenue model. Moving to have the product into cell phones and RIM pagers over the next couple of months. Would like to see them acquire Route 1 (ROI-X) software. | 2008-06-18 | |
| Comment | | Route 1 Inc. | ROI-X | 0.070 | Allows you to access and remotely run computers with a USB. Will be having some of their product built into the Novatel wireless modems and should be out in July. | 2008-06-18 | |
| DON'T BUY | | Zarlink | ZL-T | 0.940 | Has faced some pretty tough sledding. Ranks low in his database. Company is excited about opportunities on the medical side of their business. Have a core part of their business that is shrinking. Year over year earnings were down 34% but earnings estimates are up 31%. | 2008-06-18 | |
| DON'T BUY | | Kangaroo Media Inc. | KTV-T | 0.500 | Handheld device that allows you to watch Nascar and other events. Working towards golf. Interesting product but difficult to see how they are going to have a lot of sales. | 2008-06-18 | |
| DON'T BUY | | Arise Technologies Corporation | APV-T | 1.690 | Have 3 parts. 1) Manufacturing facility in Germany that is largely subsidized by the government. 2) Installation of devices on roofs to capture power. Payback is roughly 15-20 years. 3) Growing silicon for semiconductors. Better companies available. | 2008-06-18 | |
| DON'T BUY | | 5N Plus | VNP-T | 12.250 | Supplies cadmium telluride cells to First Solar (FSLR-Q). Fist Solar uses an extremely thin film process with a dramatically smaller amount of silicon compared to more conventional ones. Offsetting that is their low efficiency of 10% to 12% compared to what Arise Technologies (APV-T) of 15%. | 2008-06-18 | |
| DON'T BUY | | Sonomax Hearing Healthcare Inc. | SHH-X | 0.130 | Very good product. Helps prevent hearing loss in industrial applications. Branching out to other areas. Sales have been slow. | 2008-06-18 | |
| HOLD | | Sandvine Corp. | SVC-T | 1.120 | (Market Call Minute.) Very interesting if they can deliver the earnings. | 2008-06-18 | |
| DON'T BUY | | Intrinsyc Software Inc | ICS-T | 0.580 | (Market Call Minute.) Very good product. Continuing to sign up new customers. Unfortunately they need about $30 million sales to break even. | 2008-06-18 | |
| BUY on WEAKNESS | | CAE Inc | CAE-T | 12.420 | (Market Call Minute.) Good stock to hold when market tends to be pulling back. | 2008-06-18 | |
| BUY | | Xenos Group Inc (The) | XNS-T | 2.460 | Ranks high in his model at 24. Earnings growth of 96% year-over-year. Modest sales increase but good cost control. P/E is 10X. Open Text (OTC-T) has been knocking on their door because of their web interface for old codes that banks use. | 2008-04-08 | |
| TOP PICK | | Celestica Inc | CLS-T | 7.210 | Electronic manufacturing services continues to turn around. Revenues were up 14%. 13.5 P/E based on estimated 08 earnings. | 2008-04-08 | |
| TOP PICK | | Bombardier Inc (B) | BBD.B-T | 6.430 | Continuing to build a huge backlog of planes and particularly trains. Management projections for higher margin increase in profit margins in 09 are actually happening this year. $54 billion in backlog is up 31% year-over-year. Will spin out almost $1 billion in cash and will reduce their levered balance sheet. | 2008-04-08 | |
| TOP PICK | | TriStar Oil & Gas | TOG-T | 14.490 | Continues to grow through acquisition and at the drill bit. Production of about 20,000 barrels of oil equivalent per day. Light oil play in Bakken Saskatchewan. Have a large land inventory that has been paid for, which will keep them going for the next 3 plus years. | 2008-04-08 | |
| PAST TOP PICK | | Allen-Vanguard Corp. | VRS-T | 4.030 | (A Top Pick July 10/07. Down 53%.) Electronic jammers to prevent roadside bombs. Sold his holdings but recently repurchased because of their next generation products coming out in June. Cheap. | 2008-04-08 | |
| PAST TOP PICK | | Saxon Energy Services | SES-T | 6.240 | (A Top Pick July 10/07. Down 1%.) Oil/gas drillers. The whole group is basically coming back. | 2008-04-08 | |
| PAST TOP PICK | | Churchill Corporation (The) | CUQ-T | 22.210 | (A Top Pick July 10/07. Up 61%.) Canadian government indicated they are going to spend a ton of money on roads and bridges. This is a play on that. Just announced a new contract. Still a Buy. | 2008-04-08 | |
| Comment | | WebTech Wireless Inc. | WEW-T | 3.200 | Signed up about 5000 long-haul trucks with a division of FedEx (FDX-N). A one-off sale with no recurring revenues. Question is, can they move beyond the long-haul to the local and other delivery services. Unfortunately, contracts take a long time to close. Still in a “show me” mode. Good technology, but there are better opportunities in the business. | 2008-04-08 | |
| BUY | | Westshore Terminals Inc. | WTE.UN-T | 18.060 | Ranks 20 so it is in the top 5% of his model. Earnings expected to be $1.24 for the Dec/08 year-end, which is up 41% against a 16 P/E so you have about a .4 to growth. ROE of about 18%. This provides the opportunity to participate in the rising price of coal. Decent yield. | 2008-04-08 | |
| DON'T BUY | | Arise Technologies Corporation | APV-T | 2.300 | Timminco (TIM-T) and Arise Technologies (APV-T) are 2 radically different companies. This one is both a manufacturer and a potential producer of silicon. New plant should come on in May for production of solar cells. Is their proprietary methodology going to allow them to produce silicon for their own production as well as other people at a good price when there are concerns that 2 years down the road there may be price pressures. | 2008-04-08 | |
| STRONG BUY | | Timminco Ltd. | TIM-T | 24.700 | Timminco (TIM-T) and Arise Technologies (APV-T) are 2 radically different companies. This one produces silicon, which is the cornerstone for making solar cells and computer chips. Silicon is in extremely short supply. The real trick in silicon is its purity. Introducing a new process for higher purity. Huge increase in production should come on mid-2009. | 2008-04-08 | |
| DON'T BUY | | Kaboose Inc. | KAB-T | 1.460 | Website. One of their specialty is through a UK acquisition in 9 months (virtual monopoly) on UK hospitals to provide diapers and other baby products. Getting good advertising. Could expand into North America. Thinks there's pretty good opportunity 1 year out. | 2008-04-08 | |
| DON'T BUY | | Talisman Energy | TLM-T | 19.550 | His energy exposure is more to smaller gas companies so doesn't own this one. Ranks 217 out of 600 stocks. Year-over-year earnings were down 47%. Earnings expected to grow about 51% giving a 13 PE. ROE is reasonable at 18%. Expects oil to remain above $100 but feels there are other companies that can grow production faster. | 2008-04-08 | |
| Comment | | Westport Innovations | WPT-T | 3.060 | Allows large diesel engines to be run on compressed natural gas. Huge tax incentives in the US, particularly California. Especially effective in Los Angeles Port for pollution reduction. Port has said they will buy the trucks and lease them back. Some debate on truck drivers being unionized or not, which is where it currently stands. In the top 25% of his database. Earnings expected to improve but will still be negative to 09. Speculative. He owns a small position. | 2008-04-08 | |
| Comment | | Stantec Inc | STN-T | 29.500 | Continues to be a growth by acquisition story. Ranks 374. Year-over-year earnings growth was kind of OK at 12%. Earnings are expected to grow by 24% by 08 year-end giving a 16 PE. | 2008-04-08 | |
| BUY | | 5N Plus | VNP-T | 11.880 | Not part of his database. Analysts are expecting 40% growth going forward for the solar industry. Provide product to First Solar (FSLR-Q), which has the lowest cost per watt. New European plant delayed but expected to come on stream in June. First Solar has a new plant coming on in 6 months, which should help dramatically. Biggest risk is their single customer reliance. Speculative. | 2008-04-08 | |
| DON'T BUY | | Adeptron Technologies Corp | ATQ-T | 0.095 | Electronics manufacturing services industry is turning around. This ranks in the top 25% of his database. Earnings are forecast to be $.02 in calendar 08, which implies an extremely low PE of 5X. Most recent earnings were down 28% year over year and analysts have chopped the estimate by 15% in the last 90 days. Has a letter of intent for a private placement transaction of $6 million worth of common shares. This will help shore up the company, but will also cause a huge dilution. Prefers Celestica (CLS-T). (See Top Picks.) | 2008-04-08 | |
| DON'T BUY | | ATS Automation | ATA-T | 6.700 | Ranks midpoint at 298 in his database. Year-over-year earnings were down over 100%. Analysts have chopped earnings estimates by about 45% in the last 90 days. Expected to earn $.05 in March 09 which brings a very crisp 144X PE. Has high respect for the new management. | 2008-04-08 | |
| WEAK BUY | | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 65.630 | The overall coal business is improving. Had trouble getting tires for their monster trucks a year ago, which slowed down earnings estimates. Ranks 30, top 5% in the database. Estimates have been cranked up by 87% in the last 90 days. Expected to earn $5.39 compared to $2.07 in 07. Trading at 11 PE. Earnings are forecast to grow 21%. | 2008-04-08 | |
| SELL | | Evertz Technologies Ltd. | ET-T | 17.270 | A play on conversion of broadcast studios to high definition. Reported earnings slightly above expectations but analysts have shaved estimates by about 11%. Earnings are expected to grow by April 09 by a glacial 5%. Ranks 494 in his database. | 2008-04-08 | |
| SELL | | Telus Corp | T-T | 45.680 | (Market Call Minute.) You can probably do better in some of the other utilities. | 2008-04-08 | |
| WEAK BUY | | Encana Corp | ECA-T | 78.050 | (Market Call Minute.) If you are interested in large caps and you think natural gas will continue to move up it’s a Buy but feels there are better opportunities in smaller companies. | 2008-04-08 | |
| SPECULATIVE BUY | | Grey Island Systems Intl | GIS-X | 0.290 | (Market Call Minute.) Very speculative. California contract of $15 million in Orange county was expected but hasn't been delivered yet. Hoping that they will be awarded by the end of June. | 2008-04-08 | |
| BUY | | Sierra Wireless | SW-T | 18.260 | (Market Call Minute.) Has recently done and accretive acquisition. Appears cheap. Great opportunities, especially with the new USB products. | 2008-04-08 | |
| WAIT | | D-Box Technologies (A) | DBO.A-X | 0.490 | Adds motion to people while watching home videos. Chairs are fairly expensive at the moment, but company is looking to reduce the prices over the next couple of years. Some movie theatres are looking at this for themselves. Very speculative. It'll probably be a year before you see the potential uptake of more movie theatres having it installed. | 2008-02-20 | |
| WATCH | | Allen-Vanguard Corp. | VRS-T | 4.300 | They make jammers for roadside bombs. Has pulled back because of concerns about one of their contracts. Earnings expected to go from $.14 of Sept/07 to $.69 in Seopt/08, which is a PE of about 6X. Ranks near the bottom 3rd of his database. Company is looking to leapfrog technology in the next 6 months. Company has guided to large sales in 08. Stock must hold at the $4 level before you buy. | 2008-02-20 | |
| WATCH | | aeromechanical Services | AMA-X | 0.990 | Technology used to locate and monitor airplanes for maintenance. There is a huge backlog for the device in China and if they end up achieving installation by the end of 08, it will be significant and a substantial monthly recurring revenue. It will take another 3 months to know if they are successful. | 2008-02-20 | |
| BUY | | Hemisphere GPS Inc. | HEM-T | 3.560 | Product that helps farmers make decisions on laying down fertilizer and seed. Benefiting from farmers having a lot of cash. Ranks 18 out of 650 in his model. Expecting long legs to the agricultural cycle. | 2008-02-20 | |
| TOP PICK | | Cathedral Energy Services Income Trust | CET.UN-T | 9.710 | An indirect play on natural gas. Expected to report in early March with good earnings. They are currently bidding on some new Venezuelan contracts. Thinks all the oil/gas service stocks will do well. | 2008-02-20 | |
| TOP PICK | | Westport Innovations | WPT-T | 3.160 | Diesel engines that work on natural gas. Have approval for a $1.6 billion clean truck superfund. New legislation means that large polluting trucks will be removed. They have just received a $2.5 million contract. Speculative, but has broken out from a relative strength viewpoint as well as a price viewpoint. Strong possibility of increased sales in Australia. | 2008-02-20 | |
| Comment | | Arise Technologies Corporation | APV-T | 1.630 | A play in the solar space. Solar is expected to grow by 40% over the next 5 years. Building out new production facilities in Germany. Prefers others. | 2008-02-20 | |
| TOP PICK | | Hemisphere GPS Inc. | HEM-T | 3.100 | Agricultural play. GPS from Satellite allows you to drive a tractor much more accurately. Can also do custom fertilizing. | 2007-11-07 | |
| TOP PICK | | Open Text | OTC-T | 32.710 | Had a positive earnings surprise last week. Earnings estimates have gone up by 12% in the last 90 days. Thinks there’s a great opportunity for them in the collaboration space. A lot of mergers have occurred. Ranks in the top 10%. | 2007-11-07 | |
| TOP PICK | | Allen-Vanguard Corp. | VRS-T | 10.250 | (A Top Pick Feb 28/07. Up 93.8%.) In the top 25% of the database. Potentially large market for N.A. fixed locations such as bridges, tunnels and buildings. | 2007-11-07 | |
| WEAK BUY | | Zoomed | ZMD-X | 0.495 | Communication device for doctors relaying prescriptions to the pharmacy. Not in his database. Big installed base in Quebec and rolling into Ontario. Very speculative. | 2007-11-07 | |
| BUY | | Research In Motion | RIM-T | 123.520 | Still very powerful upside. Branching out into consumer products. His overall ranking in his database is #9. Earnings expected to grow from $2.04 in Frb/08 to $3.11. | 2007-11-07 | |
| WATCH | | Saxon Energy Services | SES-T | 4.850 | Ranks top third at 231 in his database. Looks like oil/gas service stocks are bottoming out. Not a Buy outright, but they are expected to grow earnings from $0.31 to $0.46 (48%) between 07 and 08. | 2007-11-07 | |
| DON'T BUY | | Axia NetMedia | AXX-T | 3.550 | Ranks in the bottom 10%. Just reported earnings and estimates have been cranked down by 30% in the last 90 days. Earnings are expected to decline from $0.28 to $0.16. One of their challenges is they are running into the taxman. Have had tax loss carry forward for a long time and then they get hit with a 30% tax. | 2007-11-07 | |
| DON'T BUY | | Celestica Inc | CLS-T | 6.630 | The whole industry still suffers from over capacity. Main challenges are from Mexico. Ranks #253, middle of the pack, and earnings have not changed in the last 90 days. Earnings are expected to from $0.23 to $0.47. | 2007-11-07 | |
| WATCH | | Com Dev International Ltd. | CDV-T | 4.440 | Strong Cdn$ continues to be a pain. Earnings estimates have been shaved by 13% over the last 90 days. October year-end earnings are expected to go from $0.17 to $0.35. Overall the stock looks cheap but still a bit early. Market for satellites should continue strong. | 2007-11-07 | |
| PAST TOP PICK | | CASH | CASH | 38.830 | (A Top Pick Feb 28/07.) Currently dropped to less than 10%. | 2007-11-07 | |
| PAST TOP PICK | | WebTech Wireless Inc. | WEW-T | 2.940 | (A Top Pick Feb 28/07. Up 53.5%.) Was a fallen angel stock and there is still pretty good opportunity. Expecting the FedEx contract for GPS to still come through. | 2007-11-07 | |
| BUY | | Neo Material Technoligies Inc. | NEM-T | 5.040 | Manufacture neodymium for high intensity magnets. Used for automobile power seats, power doors, etc. There is a question as to whether they are actually going to make their numbers this quarter as some customers may have been pre-buying. But their largest customer is expected to have strong sales. Ranks #23. | 2007-11-07 | |
| HOLD | | Calian Technology | CTY-T | 13.050 | Stable and pays a dividend. Forecast for Sept 08 is to go from $1.08 to $1.13, a slow 4%. 12 P/E is attractive, but unfortunately the 4% earnings growth is not exciting. Ranks #161 but he is more interested in growth. | 2007-11-07 | |
| BUY | | Sierra Wireless | SW-T | 19.950 | Sold his holdings prior to the earnings because of a rumour they were going to lose a contract with AT&T. Got a contract with a new USB device, which should do quite well. Ranks #83 in the database. Things should continue to accelerate for them. | 2007-11-07 | |
| DON'T BUY | | Sandvine Corp. | SVC-T | 6.020 | Ranks #123, which is high, but partly due to price momentum. Earnings have been shaved by 8% in the last 90 days and are expected to have no growth in the coming 12 months. Great technology, but wouldn’t Buy. | 2007-11-07 | |
| WATCH | | Active Control Technology | ACT-X | 0.630 | Uses a mesh network to figure out what is going on in a mine and to communicate with miners. US have brought in legislation and this company has a very good system. Currently working with a large number of mines in Virginia. Early stage, | 2007-11-07 | |
| Comment | | Telus Corp | T-T | 53.000 | If you are a growth investor it is a Sell. Ranks #241. If you are an income investor, it is a Buy. | 2007-11-07 | |
| HOLD | | AirIQ Inc | IQ-T | 0.130 | New technology officer. Early stages. Wait to see what happens. | 2007-11-07 | |
| DON'T BUY | | Kangaroo Media Inc. | KTV-T | 1.090 | Interesting media that allows you to look at Nascar or golf games. Early stages. Very speculative. | 2007-11-07 | |
| SELL | | Zed.i Solutions Inc | ZED-X | 0.580 | Very speculative. | 2007-11-07 | |
| BUY | | Route 1 Inc. | ROI-X | 0.155 | Manufactures MobiKey that allows secure access to a computer from any place in the world. Early stage and very speculative, but should be reasonable over 1 year. | 2007-11-07 | |
| Comment | | CAE Inc | CAE-T | 12.070 | Sold his holdings about 3 months ago. A stock that is moving sideways or down in a roaring bull market is expensive. Ranks #287. Last quarter earnings were up 13% and are expected to be up 16% in the next couple of days. Signed a new contract with the Canadian Government. | 2007-11-07 | |
| DON'T BUY | | Avcorp Industries Inc. | AVP-T | 1.300 | Make the winglets for the Honda. Ranks in the bottom third. | 2007-11-07 | |
| TOP PICK | | Allen-Vanguard Corp. | VRS-T | 6.950 | Electronic jammers for bombs. Ranks in the top 5% of his model. Earnings expected to grow to $0.12 in 2007 and $0.66 in 2008 giving an 11 P/E. | 2007-07-26 | |
| TOP PICK | | Boralex Inc. | BLX-T | 16.690 | One of the largest producers of Hydro Electric plus thermal power as well as wind power. Year over year earnings growth is up 33%. ROE is reasonable at 9%. | 2007-07-26 | |
| TOP PICK | | CASH | CASH | 40.200 | (A Top Pick July 25/06.) Over 25% of its portfolio is in cash. His indicators tell him there is rough sledding ahead. Spread between corporate bonds and US Govt bonds appear to have broken a long-term downtrend and indicate caution. | 2007-07-26 | |
| DON'T BUY | | WebTech Wireless Inc. | WEW-T | 2.550 | Had a big drop. He dramatically cut back on his position because of the uncertainty of the future. Got a recent contract that may be up to 10,000 units. Has a fair amount of cash on the books. Better opportunities elsewhere. | 2007-07-26 | |
| DON'T BUY | | Cognos | CSN-T | 42.670 | Ranks 288 which is roughly the middle of the pack. Earnings are expected to grow by 15% against a 21 P/E gives you a P/E to growth of about 1.3, which is fairly pricey. The business is stable and growing and there is a clear need for their product. Better opportunities elsewhere. | 2007-07-26 | |
| PAST TOP PICK | | Rand A Technology | RND-T | 1.500 | (A Top Pick July 25/06. Down 15.6%.) No one has come in to change management and improve the outlook of the company. Stock ranks poorly in his model. | 2007-07-26 | |
| PAST TOP PICK | | Emergis Inc. | EME-T | 7.000 | (A Top Pick July 25/06. Up 35%.) Recently added to his position. Has gone through a revolving door of management teams. New management is stable. Cheap. | 2007-07-26 | |
| DON'T BUY | | Shaw Communication (B) | SJR.B-T | 26.240 | Ranks well in his model at 92, the top 15%. Earnings expected to grow by about 26% against a 27 P/E giving a 1.1 X P/E to growth, so not cheap. | 2007-07-26 | |
| HOLD | | Xenos Group Inc (The) | XNS-T | 2.420 | Up for sale. Feels that someone who is a systems integrator or potentially an IBM might be interested. Their product allows the stitching together of a whole bunch of legacy systems. Should be worth $2.50 to $3.00 subject to earnings over the next 2 quarters. | 2007-07-26 | |
| DON'T BUY | | Descartes | DSG-T | 4.360 | Ranks middle of the pack at 336 in his model. Recent estimates have been shaved by about 8% by analysts. Earnings are expected to grow from $0.20 to $0.23 A P/E to growth of about 1.3. He looks for growth of less than 1 so thinks there is a good opportunity for continued growth. A bit expensive for purchase. | 2007-07-26 | |
| Comment | | Zed.i Solutions Inc | ZED-X | 0.660 | He has trimmed his position in this company. Very good products. The challenge is the lack of new wells being drilled. Not a lot of free cash flow. Will be tough sledding for them in the near term. | 2007-07-26 | |
| WAIT | | Neo Material Technoligies Inc. | NEM-T | 4.350 | Manufacturers high-density magnets, which has a high demand. Ranks 28 in his model, so is roughly in the top 5%. It is still unclear as to whether they can extend the patents. Expected to earn $0.27 and trades at a 14 P/E. Wait until there is a decision on the patent. | 2007-07-26 | |
| DON'T BUY | | March Networks Corp | MN-T | 11.900 | In the bottom 10% of his database because year over year earnings had been down about 107%. Loss of a Wal-Mart contract affected the stock. Have announced new contracts with other retailers, which are significant. However, earnings estimates have been chopped by 165% in the last 90 days. | 2007-07-26 | |
| BUY | | aeromechanical Services | AMA-X | 0.740 | Product answers, “Where’s my plane”. There is a system that does that in North America, but when you go into the Caribbean or China, the North American system doesn't work. It saves about 15% of maintenance costs on planes. Relatively high risk. | 2007-07-26 | |
| BUY on WEAKNESS | | Hemisphere GPS Inc. | HEM-T | 3.120 | GPS products for agriculture and marine uses. In the top 10% of his database. Earnings expected to go from a loss of $0.07 in Dec/06 to $0.09 in Dec 07 and $0.19 of Dec/08. This gives it a 17 P/E and a .4 P/E to growth. Try to buy at $2.75. | 2007-07-26 | |
| DON'T BUY | | Kaboose Inc. | KAB-T | 2.450 | In the bottom 3rd of his database. Estimates have been shaved by about 5% in the last 90 days. Expected to earn $0.05 in 07 and forecasted for $0.09 in 08. Not cheap, but their traffic continues to grow. | 2007-07-26 | |
| Comment | | Sandvine Corp. | SVC-T | 5.680 | Ranks quite well in his model. Expected to earn $0.15 in Nov/07 and $0.17 in 08. Gets about ¾ of their revenues from only 2 customers giving it extremely high customer concentration. Extremely good products that are getting good sales in the cable industry. Next target is DSL followed by cell phones in the next 18 months. | 2007-07-26 | |
| WAIT | | Imaging Dynamics Company | IDL-T | 1.080 | Digital x-rays versus silver film. In the bottom 10% of the database. Had a loss of $0.13 in 06 and analysts are expecting break even in 07 and $0.09 in 08. If so, the 13 P/E and their success in turning the company around would make it very attractive. Wait for 1 or 2 quarters of earnings. | 2007-07-26 | |
| Comment | | Intrinsyc Software Inc | ICS-T | 0.620 | Ranks neutral in his model. Has fascinating cell phone software because it is cheap making it attractive for selling in Asia. Expected to lose $0.08 for Aug/08. Early stage speculative company. | 2007-07-26 | |
| BUY | | AGF Management (B) | AGF.B-T | 39.000 | Good management. Gathering assets and their performance is very good. Reasonably priced. | 2007-07-10 | |
| BUY | | Xenos Group Inc (The) | XNS-T | 2.430 | Has had a chequered past with regards to earnings history. Spent a ton of money on marketing etc. but hasn't got much traction. Estimates have been chopped by about 25% in the last 90 days. Ranks 94 in his database, which is the top 15%. | 2007-07-10 | |
| TOP PICK | | Allen-Vanguard Corp. | VRS-T | 7.830 | Ranks #20 out of 700 stocks. There is a dire need for its product that does electronic jamming of roadside bombs in Afghanistan and Iraq. Looking forward to some contracts. | 2007-07-10 | |
| WEAK BUY | | Axia NetMedia | AXX-T | 6.520 | Ranks 95, so it is in the top 15% of the database. Earnings have been revised upward 17% in the last 90 days. Not cheap. Have pretty good opportunities to expand in France. Cautious on it because of the negative near-term year-over-year earnings. | 2007-07-10 | |
| DON'T BUY | | Imaging Dynamics Company | IDL-T | 1.140 | Very good products that allow digital film instead of conventional silver base films to produce x-rays. Company has grown extremely aggressively and historically has had problems getting paid by its customers. Earnings have been chopped by 28% in the last 90 days. Ranks 650 out of 700. | 2007-07-10 | |
| BUY | | aeromechanical Services | AMA-X | 0.600 | Product keeps track of where a plane is and when it is in the air. Have a deal with a UK company to monitor what is going on in an engine. Expect to have build out in China. | 2007-07-10 | |
| TOP PICK | | Saxon Energy Services | SES-T | 6.290 | An international oil/gas well drilling and service company. Service companies have been struggling because of the low price of gas. Earnings are expected to go from $.20 in his 2006 to $.42 in 2007 with another 32% growth in 2008. Ranks 22 one of 700. | 2007-07-10 | |
| HOLD | | WebTech Wireless Inc. | WEW-T | 2.660 | Has dramatically reduced his exposure to this company. Standing between this company and Volkswagen Brazil is a company called Crown Telecom and the deal is up in the air. | 2007-07-10 | |
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