| Expert | Implied Signal | Company | Symbol | Price | Opinion | Date Entered |
|---|
| Derek Webb | TOP PICK | Agrium | AGU-T | 89.560 | A whole bunch of urea plants were knocked out of service because of the earthquake in China. Food is very, very tight in the world. He expects urea prices to accelerate. | 2008-05-16 |
| Derek Webb | TOP PICK | HBP Global Gold Bull E.T.F. | HGU-T | 24.740 | Gold stocks tend to trade more on the commodity and less on earnings. Right now the commodity is at the bottom end of its channel. You might as well buy an index; you don’t need to buy a name. On this one you get 2 times what the large-cap gold stocks do. If they go up 10%, you make 20%. | 2008-05-16 |
| Glenn MacNeill | TOP PICK | Fairborne Energy Ltd. | FEL-T | 10.530 | Roughly 77% gas. Produces about 13.5 thousand barrels a day. Good management. Has started to sell its sulphur, which has brought in more revenue for them. Has one well that is 15% of its revenue but management is managing that. | 2008-05-16 |
| Glenn MacNeill | TOP PICK | Talisman Energy | TLM-T | 23.940 | Hasn’t gone up as much as some of the other large producers. Represents good value. Will be doing some things to try and enhance its value. A lot of diversified areas geographically. | 2008-05-16 |
| Glenn MacNeill | TOP PICK | Profound Energy Inc. | PFX-T | 4.250 | Produces roughly 3400 barrels a day, about 70% gas. Good management. | 2008-05-16 |
| John O'Connell | TOP PICK | Husky Energy | HSE-T | 49.620 | 3.5% dividend. Believes long-term in the energy story. Good fundamentals. Just did a deal with BP giving them access to refineries. Also, BP agreed to fund a lot of the cash flow expansion of their Tucker and Sunrise projects. Very strong balance sheet. | 2008-05-15 |
| John O'Connell | TOP PICK | Manulife Financial | MFC-T | 39.220 | Disappointed in their earnings and the stock has been under pressure. Added about $500 million new life insurance business. Growth profile in Asia grew about 22% last quarter. Trades at about 11X earnings. | 2008-05-15 |
| John O'Connell | TOP PICK | Trans Canada Corp | TRP-T | 38.460 | (A Top Pick July 31/07. Up 2%.) Yields 3.75%. Likes its exposure to Ontario’s energy market and is expanding into the US. Trading at a substantial discount. | 2008-05-15 |
| Steve MacInnes | TOP PICK | Major Drilling Group International Inc | MDI-T | 56.130 | If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better. | 2008-05-15 |
| Steve MacInnes | TOP PICK | Nuvista Energy Ltd | NVA-T | 18.920 | Gas oriented. Less well known. Management has had a fantastic track record over the past 5 years. Acquired Ryder Resources, a brilliantly timed acquisition at very attractive purchase metrics. Well balanced between deep gas and shallow gas and heavy oil prospects. | 2008-05-15 |
| Steve MacInnes | TOP PICK | Stantec Inc | STN-T | 29.780 | Has achieved something like 20% annualized growth since its IPO in 1994. Management is talking very conservatively and one of their major practices is in residential and non-residential construction and this has hit the stock. The environmental and infrastructure sides of the business are booming. Cheap. | 2008-05-15 |
| Gordon Reid | TOP PICK | Boeing | BA-N | 85.690 | Dreamliner is behind schedule but it is coming. There is going to be a fantastic new revenue cycle for the company, probably out to 2012, 2013. Biggest backlog for any aircraft in history. Margins are up which means they are going to have a great revenue cycle. | 2008-05-14 |
| Gordon Reid | TOP PICK | priceline.com Inc. | PCLN-Q | 138.290 | An Internet-based travel site growing dramatically. Since 2005, revenues have more than doubled. Earnings have gone up sevenfold. Multiple is pretty much static. | 2008-05-14 |
| Gordon Reid | TOP PICK | Kendle International Inc. | KNDL-Q | 37.110 | Clinical research organization that does drug trials phase 1 through 4. They manage the regulatory side of the trial. Has been a very successful company. Stumbled a little bit on one-time costs and is trading below its peer group and its own historical multiples. | 2008-05-14 |
| Jonathan Baird | TOP PICK | Cinch Energy Corp | CNH-T | 1.660 | Gas producer in central Alberta. Very inexpensive in terms of price to cash flow at just over 3X next year's. Trading at about 65% of the NAV. | 2008-05-14 |
| Jonathan Baird | TOP PICK | Alberta Clipper Energy | ACN-T | 2.850 | Alberta/B.C. based company. Hurt last year when the Alberta government imposed royalty changes on the light oil producers. Well run. Trades at a discount to NAV and about 3.5X next year's cash flow. | 2008-05-14 |
| Michael Simpson | TOP PICK | Vermilion Energy Trust | VET.UN-T | 42.120 | Canadian-based but have operations in the Netherlands, France and Australia. Q1 basic payout ratio was about 36% so there is significant room to either increase distributions or to make a large acquisition. Undervalued at about 5X cash flow. | 2008-05-14 |
| Michael Simpson | TOP PICK | K-Bro Linen Income Fund | KBL.UN-T | 12.370 | Linen services for hospitals and hotels. Toronto, Alberta and Vancouver and recently expanded into Quebec. New volume is expanding in Calgary due to new hospitals. Long-term contracts. Excellent management. | 2008-05-14 |
| Michael Simpson | TOP PICK | Lassonde Industries Inc. | LAS.A-T | 43.250 | Manufacture fruit juices. Recently increased their dividend from $.50 to $.84. Recently expanded into Western Canada. Adding extra vitamins to the fruit juices. Trades at about 11X earnings and under 7X cash flow. | 2008-05-14 |
| David Baskin | TOP PICK | Finning Int | FTT-T | 29.600 | A large amount of their revenue comes from service maintenance and parts. In other words, they sell the equipment and then get to maintain it for the next 10 years. They make better margins on this than they do on selling the huge earthmover. Tremendous opportunity because of Winter Olympics, pipelines and mining in South America where they have the franchise. | 2008-05-13 |
| David Baskin | TOP PICK | H&R Real Estate Inv Trust | HR.UN-T | 20.450 | A stock that has been neglected and overlooked. The Calgary project is underway now. There is a bit of an inflation risk in that the 20-year spread between mortgages and leases would look less attractive. Has a nice yield compared to 5-year bonds. 99% occupancy rate. | 2008-05-13 |
| David Baskin | TOP PICK | Royal Bank | RY-T | 48.620 | This is a bank that has not had a significant problem with the US housing and credit crunch. Will have less revenue from their securities arm as there is less underwriting going on. Fundamentally it is a very strong bank. Strong dividend and growing. Price/earnings multiple is down by 25%. Good yield of over 3% for conservative investors. | 2008-05-13 |
| Jennifer Stevenson | TOP PICK | Baytex Energy Trust | BTE.UN-T | 27.690 | Good at keeping production flat with minimal capital spending. Production 40,000 barrels a day, predominantly oil, will cash flow about $1 billion and only need $150 million to keep production flat. Current distributions of about $225 million. More efficient for a trust to pay out more distribution than to spend on drilling. Potential distribution increase. Could do another acquisition. Also un-recognized value for their Seal property. | 2008-05-13 |
| Jennifer Stevenson | TOP PICK | Tusk Energy | TSK-T | 2.380 | 60% gas. Did a great asset swap to get operatorship again. Trading at less than 3X cash flow. | 2008-05-13 |
| Jennifer Stevenson | TOP PICK | Breaker Energy Ltd. | WAV.A-T | 11.170 | 50/50 oil and gas. Great growth. Great netbacks at $40. Exposure through their Irricana play, horizontal drilling. Have 23 locations on 400 m well spacing, have government approval for 100 m well spacing giving them 80 locations. Trading at 4.25X cash flow. Low debt. | 2008-05-13 |
| Michael Smedley | TOP PICK | Encana Corp | ECA-T | 92.200 | He thinks that splitting the natural gas from the oil sands will surface the greater value. However, as 2 separate companies they will be more vulnerable to take out. | 2008-05-12 |
| Michael Smedley | TOP PICK | Talisman Energy | TLM-T | 23.060 | Recently broke out after being a bit doggie. There is a new CEO with a new brush. Also has a position in the Utica shale play in terms of land and drilling. | 2008-05-12 |
| Michael Smedley | TOP PICK | Phoscan Chemical Corp. | FOS-X | 1.970 | A very sizable asset in phosphates. A phosphate is the third leg in fertilizer along with potash and nitrogen. The best and one of the few phosphate deposits in North America. Very speculative. | 2008-05-12 |
| Norman Levine | TOP PICK | Companhia Vale Do Rio Doce | RIO-N | 40.580 | Brazilian iron ore Company that also owns Inco. Global demand for steel continues to rise. There is a shortage of iron ore. Not expensive. | 2008-05-12 |
| Norman Levine | TOP PICK | Manulife Financial | MFC-T | 37.750 | Great management, even though the CEO will be retiring. Good geographic diversification. Half their earnings come from the US. Very big internationally, especially in the fast-growing markets of the Far East. | 2008-05-12 |
| Norman Levine | TOP PICK | Thomson Reuters Corp | TRI-T | 37.000 | Likes merger of Thomson and Reuters. Good concentration in the financials, which is a long-term opportunity for them. Near-term the market does not like this; so take advantage that the stock is down. | 2008-05-12 |
| TOP PICK | Kellog | K-N | 50.870 | A safer way to play the market right now. Good consumer products and good brand recognition. Managing their input costs quite well. Very little downside. Decent dividend. Get out of this on October 28. | 2008-05-09 |
| TOP PICK | Trans Canada Corp | TRP-T | 38.340 | A good way to play the oil at this point. Fairly good yield at about 3.8%. In a trading range and is near the bottom at this time and will go back up to the top of its range and possibly beyond that. | 2008-05-09 |
| TOP PICK | SPDR Consumer Staples E.T.F. | XLP-A | 27.840 | From a currency perspective, he wants to be in something safe in the US. On a seasonal basis, consumer staples tend to do well at this point. From a technical perspective, the chart shows a solid trend line in place. Get out of this on October 28. | 2008-05-09 |
| Bruce Campbell | TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 15.200 | Labs and imaging business. Made an acquisition in the US and reported a 1st-quarter including this. Numbers were good. Did an issue to pay for it afterwards and it has been weak ever since even though the numbers were good. Have the ability to pay the dividend when they are taxable in 2011. | 2008-05-09 |
| Bruce Campbell | TOP PICK | Addax Petroeum Corp. | AXC-T | 50.000 | An oil play. A multibillion-dollar market cap oil stock, but because it is international it was lagging. Just reported and cash flow was annualizing at $12. Still has quite a ways to go. | 2008-05-09 |
| Bruce Campbell | TOP PICK | Anglo Potash Ltd | AGP-X | 6.070 | Junior potash play, adjacent to the big guys in Saskatchewan. Won’t be in production for about 5 years however it is in a joint venture with BHP Billiton (BHP-N). Potash is the one hot mineral that Billiton does not have and the easiest thing for them to do would be to buy the company and do it themselves. Also, if you value this company like you do potash you have an asset value of about $12. | 2008-05-09 |
| Brian Acker | TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 118.070 | This has made it into his Top 10 of his US 50 fund it has to be in the top 100 of the S&P 500 by market cap. He is surprised that it made it. It is a materials (copper) company. His model price is $146.68, which is a 29% positive differential. | 2008-05-08 |
| Brian Acker | TOP PICK | Marathon Oil | MRO-N | 52.910 | Has a model price of $77.93, a 50% positive differential. Has a larger refining business than most of the others. Very cheap. | 2008-05-08 |
| Brian Acker | TOP PICK | Petro-Can | PCA-T | 55.880 | His model price is now $92.15, a 70% positive differential. This is one of the cheapest oils out there. | 2008-05-08 |
| Cameron Webster | TOP PICK | CAE Inc | CAE-T | 12.350 | A global star if you look down their revenue streams and where they're getting their money. Pretty much outside of North America and Europe. Not super cheap, but the order book last year was really strong. There is a worldwide shortage of pilots and they pretty much do all the simulation. | 2008-05-08 |
| Cameron Webster | TOP PICK | ABB Ltd. | ABB-N | 31.310 | A global play on electricity infrastructure. Over a full third of their revenues is in the high growth emerging markets. Also, their developed markets are growing at mid-double digits so you are getting a 20% earnings growth stock for about 17X earnings. Strong dividend growth. Anywhere around $28 would be a comfortable level to buy. | 2008-05-08 |
| Cameron Webster | TOP PICK | Nestle | NESN-VX | 0.001 | (German stock exchange.) Nice global platform. Have assets that are not getting full value. Own a big piece of L’Oreal (cosmetics) and a big piece of Alcon (eye care). Recently sold a piece of Alcon to Novartis (NVS-N). Core businesses are global in nature. Getting about 15%-20% earnings at 17X. | 2008-05-08 |
| Greg Taylor | TOP PICK | Goldcorp Inc | G-T | 37.700 | The Canadian senior with the best growth projects going forward. Massive mine in Mexico that they are starting up right now, which is a good gold/silver deposit. Should have Firstgold Corp in the summer. You really want to own these companies when they start putting mines into production. Also good projects in Quebec. Also have the Red Lake project in Ontario. | 2008-05-07 |
| Greg Taylor | TOP PICK | Research In Motion | RIM-T | 131.000 | Best technology company in Canada. Stock just keeps delivering. Have a lot of room to go. Good slate of new products they are going to launch in the 2nd half of the year. | 2008-05-07 |
| Greg Taylor | TOP PICK | Thomson Reuters Corp | TRI-T | 37.600 | You have a chance right now to get it at a bit of a discount. With the Reuters Thompson combination, you've got a powerhouse in the data management. Have a lot of growth going on in financials and legal systems. | 2008-05-07 |
| Paul Thornton | TOP PICK | Encana Corp | ECA-T | 84.570 | Canada's biggest natural gas producer. Natural gas price has doubled and the stock is in an uptrend. Thinks earnings growth is going to surprise people. | 2008-05-07 |
| Paul Thornton | TOP PICK | Research In Motion | RIM-T | 131.000 | Keeps reporting triple digit growth in earnings and sales. There is really nobody competing with the Blackberry. A nice quiet mover, chugging higher. | 2008-05-07 |
| Paul Thornton | TOP PICK | Brookfield Asset Management (A) | BAM.A-T | 34.350 | His segue into industrial/commercial real estate in general. Not a pure play of a REIT but a company that continues to do good business and were involved in a takeover during a credit crunch starting last year so the stock has come off quite a bit. Expect it will start to come back when credit starts to loosen up. | 2008-05-07 |
| Serge Depatie | TOP PICK | CryoCath Technologies | CYT-T | 4.170 | Treats atrial fibrillation (irregular heartbeat). This is a large coming market in cardiac area that is unsolved. The clinical trials they are doing in the US and Europe are indicating that the doctors are really adopting the product. Will probably be the leading therapy in this area. Expecting a takeout, especially if they get FDA approval. | 2008-05-07 |
| Serge Depatie | TOP PICK | LAR Research Inc. | LRI-T | 7.740 | Located in Montreal which is a hub for clinical trials in this company has taken the opportunity there. Has grown tremendously and he sees no end in sight in terms of obtaining contracts by the pharmaceutical industry, which more and more has to outsource research work. They have quality contracts. | 2008-05-07 |
| David Burrows | TOP PICK | Encana Corp | ECA-T | 84.240 | He really likes gas. Well diversified portfolio. 8 different properties producing over 140 TCF of gas. Very strong growth. Biggest player in the Montne. Analysts are undershooting gas prices. Have been buying back stock. | 2008-05-06 |
| David Burrows | TOP PICK | Fording Canadian Coal Trust | FDG.UN-T | 70.200 | One of the concerns was that prices would come down because Australia saw flooding and that constrained supply. China has really been out of the world coal market for the last 18 months. They have been buying metallurgical coal from the US at $350 a ton and offering 3 and 4 year contracts at those prices. | 2008-05-06 |
| David Burrows | TOP PICK | Companhia Siderurgica Nac | SID-N | 44.880 | One of the biggest steel companies in Brazil. Steel sector has been performing well all through this year. Steel demand globally is very strong and rose about 5.7% last year. Brazil is probably the best economy in the world right now. | 2008-05-06 |
| Kevin Hall | TOP PICK | Altagas Services | ALA.UN-T | 25.390 | Gather and process natural gas in Western Canada. Has some good upside. 8.4% yield. | 2008-05-06 |
| Kevin Hall | TOP PICK | Canadian Real Estate Investment | REF.UN-T | 28.540 | Very stable name. Great balance sheet. 75% payout ratio. Good financial flexibility. While diversified across retail, industrial and office. 4.7% yield and he would anticipate a distribution increase this year. | 2008-05-06 |
| Kevin Hall | TOP PICK | Davis & Henderson Income Fund | DHF.UN-T | 17.290 | Dominant supplier of cheques to Canada's leading financial institutions. The selloff in February was overdone. Recommends a Partial Buy now and if it sells off more, add to it. | 2008-05-06 |
| Howard Sutton | TOP PICK | Corning Inc | GLW-N | 27.040 | A play on LCD televisions. They dominate the space in providing the glass for it. Historically trading at the low end of its earnings per share. | 2008-05-05 |
| Howard Sutton | TOP PICK | Sierra Wireless | SW-T | 18.690 | Really kicking butt in the market. Have cards that make the conductivity for laptops to run through cellular networks. Hitting the product cycle right, but even better is their main competitor Novatel Wireless (NVTL-Q) has missed their product cycle. Had a 50% run in the last couple of weeks, so wait for a pullback to below $17. | 2008-05-05 |
| Howard Sutton | TOP PICK | VIQ Solutions | VQS-X | 0.400 | Digitize courtrooms but the application is also used in policing and healthcare. It's a great market and they are the best in the world at it. The global opportunity unfolding for them is just tremendous. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | Reitmans | RET-T | 17.750 | Dominant women's wear retailer in Canada. 4% yield. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | Russel Metals | RUS-T | 30.430 | Chose this for the regular distribution. No net debt. $500 million in inventory. Beneficiary of an uptick in tubular for the oil patch. 6% dividend with a history of paying out all of its earnings in a dividend. Long-term growth profile. | 2008-05-05 |
| Sandy McIntyre | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Banks: - He is playing the junkier end of the spectrum such as Bank of Montreal (BMO-T) and National Bank (NA-T), the ones where people have over discounted problems. Treat them as trades. (Canadian Imperial (CM-T) has one more shoe to fall. Buy this one on the news.) | 2008-05-05 |
| Jeff Parent | TOP PICK | ING Canada Inc. | IIC-T | 40.300 | Financials are bottoming out and turning around. Think they will add a lot to the TSX until the end of the summer. Chart shows a bit of a double bottom. $37.50 would be his stoploss. | 2008-05-02 |
| Jeff Parent | TOP PICK | Inmet Mining | IMN-T | 79.330 | This is a short term trading idea. Has a nice trend with a good support level. Very volatile. Just looking to make $10 but if it continues and there is momentum he'll continue holding. Would be careful if it dropped below $75. | 2008-05-02 |
| Jeff Parent | TOP PICK | Phoscan Chemical Corp. | FOS-X | 1.750 | In fertilizer, you have nitrogen, potash and phosphates. Developing a phosphate mine with a view to both mining and producing. Nice incline in the price in the last year. Volume is very good. Stop loss would be $1.50 and a target price would be $3 or $4. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Natural Gas: - This market has seen a great run in the last couple of months with prices now close to $11. Still thinks it's under priced relative to European’s Liquefied Natural Gas (LNG). A great area right now for investors to look at. Storage levels and inventories are still low. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Water Sector: - A fantastic area for long-term investors to be looking at for their portfolios. This is a significant area of need. Not water filter or bottling companies, but companies that are creating the water infrastructure and providing fresh water sources to the global population. This will be important for over the next 10 to 15 years. | 2008-05-02 |
| Som Seif | TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian Preferred Shares: - The key that you always want to look at with preferreds is higher quality. The risk is always going to be around. Not at the top level of a bond but if you go with companies that are not going bankrupt, you get paid very well. | 2008-05-02 |
| Dennis Dasilva | TOP PICK | Canadian Natural Rsrcs | CNQ-T | 84.740 | Horizon, their oil sands project comes on this year. Should be full steam by mid-2009. Significantly undervalued by the market. | 2008-05-01 |
| Dennis Dasilva | TOP PICK | Duvernay Oil Corp | DDV-T | 47.930 | One of his core intermediate positions. A premier management team. Close to 25,000 barrels equivalent a day. Gas weighted. Tight gas and long life, which is why it trades at a premium multiple. | 2008-05-01 |
| Dennis Dasilva | TOP PICK | Osisko Exploration Ltd. | OSK-T | 4.170 | Gold developer. Their single asset is the Malartic play in Quebec. A large tonnage, low grade, open pit project. Has 7 million plus ounces now and is capable of double digits. Meaningful enough for a senior to take out. Politically stable jurisdiction. | 2008-05-01 |
| Peter Brieger | 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 |
| Peter Brieger | 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 |
| Peter Brieger | 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 |
| Lawrence Roulston | TOP PICK | Endeavour Mining Capital | EDV-T | 6.800 | Mutual fund of junior resource companies. A great way for people who are not really close to the sector to get a diverse position. Price came down along with most of the companies. More than a mutual fund, a very talented group of people that have been involved in the industry for a long time. Trades at a discount to its NAV. | 2008-04-30 |
| Lawrence Roulston | TOP PICK | Nautilus Minerals Inc. | NUS-T | 2.200 | On the forefront of very important frontier of the mining industry. About to begin development of the world's first seafloor copper/gold mining operation. | 2008-04-30 |
| Michael Sprung | TOP PICK | Bank of Nova Scotia | BNS-T | 47.820 | Selling at a fairly reasonable valuation. The most stable of the group. | 2008-04-30 |
| Michael Sprung | TOP PICK | Petro-Can | PCA-T | 50.460 | Well diversified and the price is compelling. Over the next 2 years it will earn well over $10 in cash flow. Earns ROE of over 20% but is selling at 2X book. Where the worries might occur are over the downstream operations over the next year or two and to how quickly they can pass increases on to customers. | 2008-04-30 |
| Michael Sprung | TOP PICK | Thomson Reuters Corp | TRI-T | 37.300 | (A Top Pick July 13/07. Down 17%.) Doesn't expect a big move in the next couple of months, but for long-term holders, this is the place to get in. As the synergies begin to evolved, he can see this in the high $40’s - $50’s over the next couple of years. | 2008-04-30 |
| Norman Levine | TOP PICK | Diageo PLC | DEO-N | 81.900 | Biggest liquor company in the world. Very investor friendly. Pays out a big share of its earnings in dividends or does massive share buybacks. The major scotch player in the world. | 2008-04-30 |
| Norman Levine | TOP PICK | Thomson Reuters Corp | TRI-T | 37.300 | Probably the biggest e-commerce publisher in the world. Stock has gone nowhere for 10 years. Merger of Thomson and Reuters can create great cost savings and good growth down the way. In the near term, investors feel they are too exposed to the financial services business, which will hurt them. That's a short-term outlook and he will own it for the next 5 years. | 2008-04-30 |
| Norman Levine | TOP PICK | Verizon Communications | VZ-N | 38.480 | Just reported excellent earnings. Came off recently because AT&T reported poor earnings last quarter. Investors thought these stocks were very economically sensitive but they are not. The leader in wireless. Spent a lot of money putting fibre into the homes but will be cash flow positive by the end of this year. 4.5% yield. | 2008-04-30 |
| Jean-Francois Tardif | TOP PICK | Questerre Energy | QEC-T | 2.140 | Natural gas. One of the 4 junior companies that owns property in the Utica Shale in Quebec. (Others are Gastem (GMR-X), Altai Resources (ATI-X) and Junex (JNX-X).) Chose this one because he believes they have the best land package. Also, their land has partnership with Talisman (TLM-T) and Forest Oil (FST-N) in the US. These 2 companies are spending the money to do the wells. High risk. | 2008-04-29 |
| Jean-Francois Tardif | TOP PICK | Coastal Energy | CEN-X | 4.400 | Oil/gas producer in Thailand. Starting production in one of their fields wrapping up to 5000 followed by 8000 next year. Expect them to make about $1.70 cash flow next year. Have 5 projects and the upside is significant. | 2008-04-29 |
| Jean-Francois Tardif | TOP PICK | Pro Shares Ultra Short Mid Cap 400 ETF | MZZ-A | 54.160 | ETF double short on mid-cap US stocks. Doesn't think the stock market will do well for the next 2 or 3 years. Thinks mid caps will suffer more because it will be tougher for them to get financing, margin issues and investors will stay away from smaller caps. | 2008-04-29 |
| Robert Floyd | TOP PICK | CAE Inc | CAE-T | 11.960 | Very strong market for flight training. A lot of new aircraft being introduced, which will require new simulators. Strong need for pilots. Very steady demand for simulators and a lot of new orders coming in. | 2008-04-29 |
| Robert Floyd | TOP PICK | Com Dev International Ltd. | CDV-T | 3.650 | Make small components for satellites. Continuing to unannounced some good contracts. Developing a very strong US franchise. | 2008-04-29 |
| Robert Floyd | TOP PICK | Systems Xcellence | SXC-T | 14.670 | Provide the back-office systems for pharmacies. Made an interesting acquisition, which will add substantially to their overall business. Also announced a contract with Tennessee. | 2008-04-29 |
| John Zechner | TOP PICK | Allen-Vanguard Corp. | VRS-T | 4.100 | Roadside bomb detectors. On what he thinks they are going to generate on an earnings to cash flow basis, the stock is trading on single-digit multiples at about 4X cash flow. They have the cash but it's under the radar screen. | 2008-04-28 |
| John Zechner | TOP PICK | Exfo Electro-Optical Engineering | EXF-T | 5.520 | They have been beating their numbers. Incredibly cheap. Trading at low multiples. | 2008-04-28 |
| John Zechner | TOP PICK | Miranda Technologies Inc. | MT-T | 9.000 | Sell digital conversion equipment for most of the stations. They are also selling for HD conversion as well. Putting equipment into a lot of sports facilities. Good product flow right now. Trading at about 9X earnings. Have a whack of cash. | 2008-04-28 |
| Robert Lauzon | TOP PICK | BFI Canada Income Fund | BFC.UN-T | 22.090 | Major North American waste management firm. Recession proof. Stock has pulled back because management has stated that they may want to convert to a corporation earlier than 2011 but has said they will continue paying high levels of income. Can't see much downside if they do convert. | 2008-04-28 |
| Robert Lauzon | TOP PICK | Chartwell Seniors housing | CSH.UN-T | 9.500 | Had been over distributing the last few years and finally cut their distributions so the balance sheet is a little cleaner going forward. A large owner/operator of long-term care facilities. This will be a good story for the next 10 years. Could be taken over in the next few years. | 2008-04-28 |
| Robert Lauzon | TOP PICK | Zargon Energy Trust | ZAR.UN-T | 24.200 | 55% natural gas and 45% oil. Great management team. Very stable pools of oil/gas. Missed production over the last couple of quarters so the stock has been penalized. Comfortable that they have right sized it. Lower debt than the average royalty trust. Very low payout ratio. Because of oil/gas prices, they may increase distributions or pay a special one. Perfect acquisition target for another royalty trust. | 2008-04-28 |
| Duncan Stewart | TOP PICK | Thomson Reuters Corp | TRI-T | 38.580 | This is a pairs trade by going Long Thomson Reuters (TRI-T) and Shorting Torstar (TS.B-T). One of the weird things happening is that people are still subscribing to newspapers but are not opening them. Contrast that with Thomson Reuters that is selling data. | 2008-04-25 |
| Duncan Stewart | TOP PICK | Xantrex Technology Inc. | XTX-T | 8.350 | Green tech company based out of Vancouver. Have done surprisingly well under everybody's radar. Almost $250 million in annual revenue. They make the gear that takes the electricity off the renewable resource and puts it in a conditioned proper form onto the electrical grid. A world leader in this space. | 2008-04-25 |
| Duncan Stewart | TOP PICK | George Weston Ltd. (Pref.) | WN.PR.A-T | 20.750 | A pairs trade. Going Long on George Weston preferreds (WN.PR.A-T) and Shorting Loblaws (L-T). Although this one does have a big stake in Loblaws (L-T), it has a 7% yield, first call on Loblaws’ assets and most of their value is derived out of the bakery goods. | 2008-04-25 |
| Jennifer Stevenson | TOP PICK | Bonavista Energy Trust | BNP.UN-T | 31.340 | Stable company. Expects to see a near term great potential for distribution increase. | 2008-04-25 |
| Jennifer Stevenson | TOP PICK | Nuvista Energy Ltd | NVA-T | 17.650 | Quality management team, conservatively run and very, very compelling valuations. Less than 1X debt to cash flow. 4X cash flow multiple, which is fantastic. This is a 26,000 BOE a day company. About 75% gas. Acquired Rider Resources (RRZ-T) and that gave them a wonderful West5 addition to their predominantly West4 assets. Great growth profile. | 2008-04-25 |
