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| Sandy McIntyre of Sentry Select Capital Corp |
|---|
| The Exchange Tower |
| 130 King Street West, Suite 2850 |
| Toronto ON |
| M5X 1A4 |
| 416-861-8729 |
| Sandy McIntyre's website |
| Toll Free: 1-888-246-6656 |
| Fax: 416-364-1197 |
| info@sentryselect.com |
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | How do you make money these days: Dividends! He looks all over N.A. for free cash flow, distribution or dividend, strong balance sheet. | 2010-08-25 | ||
| BUY on WEAKNESS | Canadian Oil Sands Trust | COS.UN-T | 25.290 | The .UN that people are fixated in is leaving at the end of 2010 but it doesn’t change the nature of the dividend. Comfortable with the cash flow stream. All large cap energy stocks are breaking down. | 2010-08-25 | ||
| Comment | Futuremed Healthcare Income Fund | FMD.UN-T | 8.000 | Rarely sells after an earnings disappointment. Doesn’t think there is a structural problem with the business. They need to get some clarity on how they will transition into what is in effect a new business model where they will have a growth side. | 2010-08-25 | ||
| BUY | Aecon Group Inc | ARE-T | 11.270 | Bullish on infrastructure re-build. Continued government spending is very favorable for them. | 2010-08-25 | ||
| DON'T BUY | Trans Canada Corp | TRP-T | 37.330 | The electric business is in the share price. Gas production is being increased in the US and pushing out Canadian exported gas and that is gas that would be on the trans-Canada main line. Prefers Enbridge. | 2010-08-25 | ||
| BUY | NAL Oil & Gas Trust | NAE.UN-T | 9.960 | In any commodity based income trust, you cannot say a dividend is safe. NAL going into 2011 is likely going to maintain its current dividend but there is always risk it could be reduced if the commodity price falls. | 2010-08-25 | ||
| BUY | New Flyer Industries Inc. | NFI.UN-T | 11.160 | Continues to like them. Just signed a big contract with the City of New York. The backlog is the largest he has ever seen it. | 2010-08-25 | ||
| SELL | Manulife Financial | MFC-T | 11.770 | Both MFC and SLF have exposure to an annuity product that was sold during the bull market. People are fixated on the hedging on this. He would not be standing there to catch these names. There are insurance names that are not in these products. Move into another insurance name. | 2010-08-25 | ||
| SELL | Sunlife Financial | SLF-T | 24.160 | Both MFC and SLF have exposure to an annuity product that was sold during the bull market. People are fixated on the hedging on this. He would not be standing there to catch these names. There are insurance names that are not in these products. Move into another insurance name. | 2010-08-25 | ||
| BUY | Pengrowth Energy Trust | PGF.UN-T | 10.050 | Has a substantial position. Likes the transition in management. Company is being transitioned to a new business model. What likes about it is that it has a really good asset base. Distribution can be maintained barring a drop in commodity prices. | 2010-08-25 | ||
| TOP PICK | Intel | INTC-Q | 18.480 | Global, no net debt, ROE of 22.5%, 9% earnings yield, 11 P/E and 3.4% dividend. If your time-line is 3-10 years you want to own this. It’s cheap. People are fixated on growth. His view is that if capital is at risk, make sure management is protecting your capital and giving you a tangible return on that capital. | 2010-08-25 | ||
| TOP PICK | Wal-Mart Stores Inc. | WMT-N | 51.550 | 9% growth on a global company. If you agree with concept that we are looking at a declining standard of living in the western world, they will benefit, not high-end retailers. 13x PE, 2.4% dividend, ROE of over 22%. Risk would be a severe double dip and increased unemployment. | 2010-08-25 | ||
| TOP PICK | National Bank of Canada | NA-T | 55.650 | Confident that Canadian economy is ok. No noise around US operations. Tier one capital of 12.6% vs. 7.7% a decade ago. ROE is 18%. Less than 10x earnings. | 2010-08-25 | ||
| PAST TOP PICK | Thomson Reuters Corp | TRI-T | 36.280 | (Top Pick Dec 14/09, Up 8.52%) Still likes it. | 2010-08-25 | ||
| PAST TOP PICK | McGraw-Hill Ryerson Ltd. | MHR-T | 51.250 | (Top Pick Dec 14/09, Up 20.55%) Still likes it. | 2010-08-25 | ||
| PAST TOP PICK | Enbridge | ENB-T | 52.700 | (Top Pick Dec 14/09, Up 10.90%) Still likes it. | 2010-08-25 | ||
| TOP PICK | Thomson Reuters Corp | TRI-T | 36.910 | Rebuilding the business and will get better market share based on the product. Likes the products. Sees earnings growth. Under-owned. | 2010-04-23 | ||
| TOP PICK | Newalta Income Fund | NAL-T | 9.610 | Waste management. A fallen angel. Balance sheet got a little wonky couple of years ago and they had to take costs out of the system and cut their distribution. Now showing growth in cash flow. Cycle is coming to them as heavy oil production increases in Western Canada. | 2010-04-23 | ||
| TOP PICK | North West Company Fund | NWF.UN-T | 18.960 | Northern community stores. There is a young, fast-growing population as well as new energy/Mining projects. 7.14% distribution will be cut in the 25% range. | 2010-04-23 | ||
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| PAST TOP PICK | Enbridge | ENB-T | 50.550 | (A Top Pick May 13/09. Up 39.93%.) Still a Buy. | 2010-04-23 | ||
| PAST TOP PICK | Canadian Real Estate Investment | REF.UN-T | 28.640 | (A Top Pick May 13/09. Up 37.38%.) Still a Buy. | 2010-04-23 | ||
| PAST TOP PICK | Imperial Oil | IMO-T | 43.030 | (A Top Pick May 13/09. Up 5.3%.) This is a longer-term call on the Kearl project. Still a Buy. | 2010-04-23 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Investing style. His trades are for income. Make sure you have quality companies that can maintain and grow dividends and distributions. Also have strong balance sheets. Choose businesses that are not too cyclical. Buy on dips with the 1st support around the 50-day moving average and 2nd support around the 200-day moving average. | 2010-04-23 | ||
| BUY on WEAKNESS | Parkland Income Fund | PKI.UN-T | 11.710 | Distributor of fuel oil, gasoline and runs retail stores, largely in Western Canada. Expecting a distribution cut and will end up at about70% to where it is today. There may be some knee-jerk selling on the back of this, which will be a buying opportunity. | 2010-04-23 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 37.450 | Just made an agreement with Rogers to sell their products in their stores. This is not enough of a material event to make a difference in this stock. Stock had a nasty downdraft because of the Ontario government's proposed legislation. | 2010-04-23 | ||
| Comment | PetroBakken Energy | PBN-T | 26.810 | Companies in the Bakken region are developing one of the larger oil fields in Canada. There is growth to this name but it becomes more difficult as the play matures. He prefers Crescent Point (CPG-T). | 2010-04-23 | ||
| BUY on WEAKNESS | Bank of Montreal | BMO-T | 64.930 | Capital ratios are good. Thinks we are in a choppy range bound market for a while. Market may want to correct here. Financials are the most concentrated sector on the TSX so they will be more volatile. | 2010-04-23 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | “Sell in May and go away”? 3 worst months for the market are September, February and May so don't sell in May, sell before May. Sectors he would sell would be high beta sectors, the ones that have no dividends and that have moved hard. You want to lock in a profit. | 2010-04-23 | ||
| HOLD | The Data Group Income Fund | DGI.UN-T | 9.550 | Printing. Good free cash flow business. Won't be able to maintain a 12% yield when it converts to a corporation. As a rule of thumb, use a 25%-30% cut. | 2010-04-23 | ||
| Comment | Encana Corp | ECA-T | 32.670 | Had a sharp downdraft when management announced a substantially increase of CapX to drive more gas into and oversupplied market. 2.5% dividend. He trades this one to make profit. | 2010-04-23 | ||
| BUY | Bonavista Energy Trust | BNP.UN-T | 24.050 | Natural gas. Gives a decent yield and management focuses on return of capital. | 2010-04-23 | ||
| HOLD | Canadian Helicopters Income Fund | CHL.UN-T | 13.730 | Helicopters. Very well run business. Solid balance sheet and trades below replacement cost on the assets. Trades at less than 10X earnings. 8.23% yield will probably be cut when they change to a corporation. | 2010-04-23 | ||
| BUY | Agrium | AGU-T | 62.620 | Looking at a good crop developing in Australia, concerns about wheat pricing and suppliers getting hit. He prefers Viterra (VT-T), which is handling as opposed to seed sales and fertilizers. Both are cheap stocks but be prepared for volatility. | 2010-04-23 | ||
| BUY | Viterra Inc | VT-T | 8.860 | Looking at a good crop developing in Australia, concerns about wheat pricing and suppliers getting hit. A cheap stock, but be prepared for volatility. | 2010-04-23 | ||
| TOP PICK | Thomson Reuters Corp | TRI-T | 34.120 | Being affected by the unwinding of the 2-share structure with outbound selling from Europe. One of their great franchises is the legal one, which is an astonishing cash cow. 3.5% yield is decent. Cheap. | 2009-12-14 | ||
| TOP PICK | McGraw-Hill Ryerson Ltd. | MHR-T | 45.560 | A closet financial play. They own S & P, which is the indices, but is also the rating agency that has very strong market share. 2.3% yield. | 2009-12-14 | ||
| TOP PICK | Enbridge | ENB-T | 48.400 | Has 10% compound annual earnings growth for the next 3 years. Very rare for a utility with this growth rate. | 2009-12-14 | ||
| PAST TOP PICK | Telus Corp | T-T | 32.100 | (A Top Pick Jan 22/09. Up 18.27%.) 4.95% bond maturing March 15/17. | 2009-12-14 | ||
| PAST TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 13.420 | (A Top Pick Jan 22/09. Up 13.22%.) Still a buy. 3 years from now this will be a great dividend paying stock. There will be a distribution cut between now and then. | 2009-12-14 | ||
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| PAST TOP PICK | Imperial Oil | IMO-T | 39.610 | (A Top Pick Jan 22/09. Up 1.5%.) This has disappointed on refining margins but the asset growth they have over the next 3-5 years is substantial. Still a buy. | 2009-12-14 | ||
| STRONG BUY | K-Bro Linen Income Fund | KBL.UN-T | 13.700 | Linen cleaning. Long-term hotels/hospital contracts. Stable company with a strong balance sheet. Under 50% payout ratio. 8.2% yield. | 2009-12-14 | ||
| BUY | H&R Real Estate Inv Trust | HR.UN-T | 14.550 | Financing is now in place. Long-term assets with long-term leases. Good long-term hold. | 2009-12-14 | ||
| BUY | Boardwalk REIT | BEI.UN-T | 36.300 | One of the best financing spreads that you will see because of their CMHC financing. Low pay out ratio. Good free cash flow yield. | 2009-12-14 | ||
| SELL | Harvest Energy Trust | HTE.UN-T | 9.930 | Korea National Oil Company have offered to acquire but will be subject to government approval. If you own and have a nice profit and are close to the bid, Sell and that the arbitrageurs take the risk. | 2009-12-14 | ||
| HOLD | Penn West Energy Trust | PWT.UN-T | 18.230 | Positioning itself for the transition into a Corp with a 5%-8% dividend yield and a modest growth rate. This one is actively on his Watch list. | 2009-12-14 | ||
| BUY | Westshore Terminals Inc. | WTE.UN-T | 14.450 | This is an asset that is irreplaceable and has no debt. There is very strong coal demand out of Asia. | 2009-12-14 | ||
| Comment | Yellow Pages Income Fund | YLO.UN-T | 5.200 | Fairly substantial amount of debt through debentures, preferred shares outstanding and some bank debt. 15% yield. Have a very good engine in their Internet delivery of proximity-based retail solutions. Would like to see them put more cash into this. Speculative. | 2009-12-14 | ||
| HOLD | Wajax Income Fund | WJX.UN-T | 21.930 | Equipment and construction material and will be helped by the trend in infrastructure building. | 2009-12-14 | ||
| Comment | Consumers Waterheater Fund | CWI.UN-T | 4.050 | Debt has been an issue and they have refinanced this. A lot of competition. Tax loss selling will be finished in about 2 weeks so if you own, give it a bit more time for possible better pricing before selling. | 2009-12-14 | ||
| TOP PICK | Enbridge | ENB-T | 36.890 | Defensive names of pipelines, utilities have lagged in this run. A little bit of catch-up needs to come. History of growing its dividends. Also grows its assets by investing in itself. Has become an energy distribution company besides the pipeline business of moving oil. 4% yield. | 2009-05-14 | ||
| TOP PICK | Canadian Real Estate Investment | REF.UN-T | 21.600 | Very high quality real estate company with a rock solid balance sheet and exposure across the country. Conservative payout ratio. The only tax efficient income post 2011. | 2009-05-14 | ||
| TOP PICK | Imperial Oil | IMO-T | 41.000 | They will announce the go-ahead of the Kearl project, which will be a material growth aspect for them. Hopefully that will be recognized in the marketplace. | 2009-05-14 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | (A Top Pick May 5/08. % N/A.) Canadian banks. When Lehman's failed he liquidated his financial services. Since then, he has traded them. Not yet convinced that we have gone enough through the earnings cycle to say that the recession problems are fully recognized. | 2009-05-14 | ||
| PAST TOP PICK | Russel Metals | RUS-T | 13.900 | (A Top Pick May 5/08. Down 51.06%.) Steel service centres. Sold his holdings after the Lehman failure. Back on his radar screen. | 2009-05-14 | ||
| PAST TOP PICK | Reitmans (Canada) Ltd. (A) | RET.A-T | 12.520 | (A Top Pick May 5/08. Down 27.63%.) This is a bet on consumers spending. Rock solid balance sheet with net cash. He is holding this for stock price appreciation and the 5.75% dividend. | 2009-05-14 | ||
| DON'T BUY | Wajax Income Fund | WJX.UN-T | 13.900 | Have conflicting issues. Very much involved in the construction cycle. Will be a beneficiary of infrastructure spending when and if it ever starts. Cyclical business and will recover with the cycle. You need a pick-up in construction that uses heavy equipment. | 2009-05-14 | ||
| DON'T BUY | General Electric | GE-N | 13.040 | Found it incredibly complicated review in their financials to try to assess the true value of the company. | 2009-05-14 | ||
| Comment | Royal Bank | RY-T | 42.350 | He bought about a month ago and has been selling over the last 2 weeks. Financials had a pretty good run off the bottom. 2nd quarter earnings are coming up in the next couple of weeks and he wants to stand back and let the normal seasonal effects take hold. | 2009-05-14 | ||
| Comment | Freehold Royalty Trust | FRU.UN-T | 11.950 | CN (CNR-T) pension fund is a significant shareholder and may need to re-jig its ownership interest. Taxable investors will be beneficiaries as he expects it will become some form of a dividend paying security after 2011. Will be at a 15%-20% lower rate. | 2009-05-14 | ||
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| Comment | Crescent Point Energy Corp | CPG-T | 29.270 | Oil weighted so it will benefit from the rebound in oil prices. Consolidating 2 plays in South Saskatchewan and have reached a point where they are forced to convert to a corporation. Keeping dividends at the old distribution level. | 2009-05-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Telecom Sector: Becoming relatively positive on this sector. 1st quarter earnings have shown a shrinkage in cell phone usage. Heavy users have largely done their staff cuts so he doesn't see another big round of that. The business is a high margin one. | 2009-05-14 | ||
| BUY | Bell Aliant | BA.UN-T | 24.400 | Very comfortable with this one. The regional companies are likely to be picked up by one of the seniors. 11.75% distribution. | 2009-05-14 | ||
| HOLD | Canadian Tire Corporation Ltd. (A) | CTC.A-T | 48.200 | Consumer discretionary play. Retail sales in the US in April were disappointing. Same-store sales on this were up 2.5%, which doesn't get him excited. He senses that traffic is down. 1.7% yield is rock solid. | 2009-05-14 | ||
| DON'T BUY | Talisman Energy | TLM-T | 16.360 | New management is doing a very good job. He is not buying because he does not like the price of oil and he sees the gas price having problems. | 2009-05-14 | ||
| BUY | Petro-Canada | PCA-T | 42.700 | Merging into Suncor (SU-T). Stock price became attractive so he just bought some. | 2009-05-14 | ||
| DON'T BUY | UTS Energy | UTS-T | 1.500 | This is a warrant on future oil sands development. Fort Hills project is an excellent one but it's pushed back. Petro Canada (PCA-T) is merging with Suncor (SU-T). He doesn't see the Fort Hills being developed in the foreseeable future so he would more likely put his money on PetroCan. | 2009-05-14 | ||
| BUY | Rogers Communcations (B) | RCI.B-T | 29.780 | Telus (T-T) is going to distribute the BCE (BCE-T) satellite service and he can't see this being a serious problem for Rogers longer-term. 3.8% yield. | 2009-05-14 | ||
| Comment | Yellow Pages Income Fund | YLO.UN-T | 6.060 | Doesn't know this will look like in 5 years. A lot of competition coming into the directory business. Prefers businesses where he has visibility 5, 10, 15 years out. Good sales force and decent balance sheet. If they can get their web-based delivery accepted by the market as a growth story, it would get multiple expansion. 13% yield. | 2009-05-14 | ||
| BUY | Premium Brands Holdings Corp | PBH-T | 9.000 | Good defensive play in this recession. A strong business that has been around for decades. 13% yield. | 2009-05-14 | ||
| SELL | Penn West Energy Trust | PWT.UN-T | 13.940 | (Market Call Minute.) It has never hit its production numbers. Very complicated asset base. There are simpler alternatives in energy. | 2009-05-14 | ||
| BUY | RioCan Real Estate Investment | REI.UN-T | 13.750 | (Market Call Minute.) One of the top 3 real estate companies in Canada. Great tenants and great assets. | 2009-05-14 | ||
| DON'T BUY | Precision Drilling | PD-T | 5.980 | (Market Call Minute.) Too much financial leverage. A commodity cyclical with a bad balance sheet. | 2009-05-14 | ||
| BUY | Bonavista Energy Trust | BNP.UN-T | 18.550 | (Market Call Minute.) A great oil company that has protected its balance sheet. | 2009-05-14 | ||
| DON'T BUY | Second Cup Royalty Income Fund | SCU.UN-T | 4.950 | (Market Call Minute.) Would pass on this one. Small-cap name and the restaurant royalty trust future is quite difficult to see. | 2009-05-14 | ||
| WATCH | Canadian Pacific Rail | CP-T | 40.370 | (Market Call Minute.) He needs to see some turn in training traffic and would wait a month. | 2009-05-14 | ||
| TOP PICK | Imperial Oil | IMO-T | 38.040 | Fantastic capital allocators and have a clean balance sheet. Although dividend yield is low, they buy back 5% of the stock each year, which supports the share price. The option value on this is bitumen accrual and the frontier gas Mackenzie Delta. | 2009-02-24 | ||
| TOP PICK | Arc Energy Trust | AET.UN-T | 13.380 | Has consistently maintained or grown reserves and production per unit while maintaining a sustainable distribution ratio. Have a Montney play in Dawson that has a big resource. | 2009-02-24 | ||
| TOP PICK | Bank of Montreal | BMO-T | 26.000 | Market is absolutely convinced that as Canadian banks report this week numbers are going to be a disaster. What if it's not as bad as everyone expects? Tier 1 capital ratio is now pushing 10% for this bank. Trading at the same PE multiple that it did in 1982. 11% yield, which he has on a DRIP plan. | 2009-02-24 | ||
| PAST TOP PICK | Bank of Nova Scotia | BNS-T | 26.240 | (A Top Pick Feb 26/08. Down 47.2%.) Well-managed company and he will ride it out. | 2009-02-24 | ||
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| PAST TOP PICK | Artis Real Estate Investment Trust | AX.UN-T | 5.710 | (A Top Pick Feb 26/08. Down 59%.) Has under performed the REIT space because of fears of the Western economy. He likes Alberta and energy longer-term so is continuing to average in. | 2009-02-24 | ||
| PAST TOP PICK | Spectra Energy Income Fund | SP.UN-T | 11.250 | (A Top Pick Feb 26/08. Up 17.7%.) Sold his holdings before the company was acquired. | 2009-02-24 | ||
| Comment | Yellow Pages Income Fund | YLO.UN-T | 5.600 | Continues to evolve their web-based strategy. It's upwards of 20%-25% of revenues at this point. Down because investors are cool to income trusts. | 2009-02-24 | ||
| HOLD | Mullen Group Ltd | MTL-T | 8.200 | Heavy-duty truckers that get the oilrigs into remote locations. One of the best operators in the oilfield services. While there is a downturn in services, he will ride this one through the down cycle. | 2009-02-24 | ||
| Comment | Wajax Income Fund | WJX.UN-T | 15.840 | High-quality company, but in a very cyclical business. Not immune to a cut in distributions. When there is evidence of a cyclical rebound, this is a name he would come back at as it is well managed. | 2009-02-24 | ||
| HOLD | NAL Oil & Gas Trust | NAE.UN-T | 6.050 | Very high quality asset based. Have consistently been able to deliver distributions with maintaining modest growth in reserves and production. He will continue to hold this through the cycle. | 2009-02-24 | ||
| BUY on WEAKNESS | RioCan Real Estate Investment | REI.UN-T | 12.140 | Good-quality balance sheet and properties. This is one that he periodically adds to on the dips. Payout looks solid. | 2009-02-24 | ||
| BUY | Canadian Natural Rsrcs | CNQ-T | 39.740 | Horizon project is coming on this quarter and will start to see cash flow. | 2009-02-24 | ||
| BUY on WEAKNESS | Davis & Henderson Income Fund | DHF.UN-T | 12.050 | Very stable industry over the years. Have some exposure to the mortgage market through a subsidiary. Has added to his holdings on dips. He'll continue to own this through their conversion to a corporation. | 2009-02-24 | ||
| Comment | Sunlife Financial | SLF-T | 19.720 | Lifecos are being beaten up on fears of the equity market taking another major leg downwards. This will only be known a year from now. Every major bear market he has looked at has resolved to the upside after a 25% to 55% decline in value with the exception of 1929 to 1933. | 2009-02-24 | ||
| BUY on WEAKNESS | Crescent Point Energy Corp | CPG-T | 21.680 | One of the best quality of the oil/gas royalty trusts. Developing a field in the Bakken in South Saskatchewan. Good well production. Over distributing a bit at these commodity prices. 2 years from now as the reserves will be worth more. 13% yield. | 2009-02-24 | ||
| DON'T BUY | Harvest Energy Trust | HTE.UN-T | 6.420 | Balance sheet problems. Too much debt. Need to renegotiate an operating line over the next year. 60% distribution | 2009-02-24 | ||
| Comment | Pengrowth Energy Trust | PGF.UN-T | 7.290 | Just cut distributions substantially, which was the correct thing to do. Has a brilliant asset base. Would be warming up to this name significantly if it continues down at these levels. | 2009-02-24 | ||
| HOLD | DirectCash Income Fund | DCI.UN-T | 7.600 | Manufacture no-name ATMs. Very viable business model. Reasonable balance sheet and a lot of insider ownership. 18% yield looks secure. | 2009-02-24 | ||
| BUY | Armtec Infrastructure Income Fund | ARF.UN-T | 15.200 | A beneficiary of the infrastructure build. Manufactures things like corrugated conduit under roads, etc. | 2009-02-24 | ||
| Comment | Suncor Energy Inc | SU-T | 22.760 | Oil sands, which is high cost, so margins are very skinny. He has focused more on Imperial Oil (IMO-T) (See Top Picks) during this cycle. Very good name. | 2009-02-24 | ||
| Comment | Sherritt International Corp. | S-T | 2.590 | An option on the commodities market with coal, nickel and some oil in Cuba. As an option on the market, he would be very interested in it. Has some outstanding debt so if you can get some of their debentures, you'll get a yield while you are waiting. | 2009-02-24 | ||
| DON'T BUY | General Electric | GE-N | 9.080 | One of the few AAA companies left in the US but doesn't know how long that will last. A financial/manufacturing identity and both sides of the business are challenged at this time. He doesn't own any US financials at this point. | 2009-02-24 | ||
| BUY | Fortis Inc. | FTS-T | 23.450 | A high quality income security. 4.6% yield. Has a reinvestment plan. | 2009-02-24 | ||
| DON'T BUY | Jazz Air Income Fund | JAZ.UN-T | 4.070 | Doesn't like the airline business so doesn't invest in them. | 2009-02-24 | ||
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| BUY | Trans Canada Corp | TRP-T | 30.110 | The key to pipeline companies/utilities is that they will survive any form of economic downturn. Very well owned in the large mutual funds and they have been experiencing redemptions so they have been forced to sell. Would be happy with this name for a 1 to 5 year time horizon. Prefers Enbridge (ENB-T). | 2009-02-24 |
