| Expert | Implied Signal | Company | Symbol | Price | Opinion | Date Entered |
|---|
| Charlie Bobrinskoy | TOP PICK | American Express | AXP-N | 28.250 | Great brand that will be around for 7 or 10 years at least, trading at under 10 times earnings – its lowest in history. Even if we get default rates up to 7 or 8%, they will probably make $2 per share and then up to 3.50 or $4. | 2008-10-07 |
| Don Reed | DON'T BUY | American International Group | AIG-N | 3.510 | Trading below book value but there are a lot more cheap things to buy. Prefers Canadian Banks. | 2008-10-07 |
| Charlie Bobrinskoy | VAGUE | Bank of America | BAC-N | 23.770 | .8 times book. He is finally stopping saying that it is not a buy, but won’t say it IS a buy. | 2008-10-07 |
| Don Reed | BUY | Berkshire Hathaway Inc. (B) | BRK.B-N | 4.000 | B shares are a new issue from 8 or 9 years ago and just a cheaper way to participate. | 2008-10-07 |
| Charlie Bobrinskoy | TOP PICK | Tiffany & Co. New | TIF-N | 28.660 | Amazing business. Diamond becomes worth 30% more when you put it in the little blue box. | 2008-10-07 |
| Charlie Bobrinskoy | BUY | BP PLC | BP-N | 44.420 | Has been oversold, but don’t tie up too much of your portfolio in oil. | 2008-10-07 |
| Charlie Bobrinskoy | SPECULATIVE BUY | CitiGroup | C-N | 15.150 | Doesn’t think they will go to zero. They have a better source of finding that others, but not a stock for the faint of heart. | 2008-10-07 |
| Don Reed | BUY | Companhia Vale Do Rio Doce | RIO-N | 12.480 | They have Iron Ore and Nickel, which go into stainless steel. Very good situation. No concerns on demand in the case of China where they are still building up their infrastructure. Look out for major slow down in China. | 2008-10-07 |
| Charlie Bobrinskoy | TOP PICK | Dell Computers | DELL-Q | 13.550 | People are going to be buying computers around the world and they have lowest cost computers. Michael Dell himself has been buying stock himself and it will triple or quadruple over the next three or four years. They are taking costs out of the equations. | 2008-10-07 |
| Don Reed | WAIT | Fannie Mae | FNM-N | 1.200 | We need to see the system a little more liquid before buying. | 2008-10-07 |
| Charlie Bobrinskoy | DON'T BUY | Fannie Mae | FNM-N | 1.200 | It could go to 0 and it is currently like a call option. It has theoretical value. | 2008-10-07 |
| Don Reed | PAST TOP PICK | Flextronic International | FLEX-Q | 5.270 | (Top Pick July 12/07 Down 49%), happy to hold current investment thesis still works and is a buying opportunity. They will receive outsourcing contracts from Dells, etc. as recession takes hold. | 2008-10-07 |
| Charlie Bobrinskoy | SPECULATIVE BUY | Ford Motor | F-N | 2.920 | Anyone with a lot of debt who has to get refinanced has been hurt pretty bad. At the current stock price, they have a better environment with their unions and if they can make it, there is pretty good upside, but there is no floor that they could not go under. Bailout package does not help them that much. | 2008-10-07 |
| Charlie Bobrinskoy | DON'T BUY | Freddie Mac | FRE-N | 1.290 | It could go to 0 and it is currently like a call option. It has theoretical value. | 2008-10-07 |
| Charlie Bobrinskoy | SPECULATIVE BUY | General Electric | GE-N | 20.300 | People worried about hidden problems. It is a great company, but the financial business is very hard to get your arms around. They are about 11 or 12x what he thinks they will make next year. | 2008-10-07 |
| Charlie Bobrinskoy | VAGUE | Johnson & Johnson | JNJ-N | 62.490 | Have medical Device business, Consumer business, great company, a lot of which is not sensitive to politics. | 2008-10-07 |
| Don Reed | BUY | Oilexco Inc | OIL-T | 4.670 | Price of oil is a big factor. Thinks we will see $75 before $150 again for oil. Thinks it is a good thing to own. In a declining market you are better off to be into the integrateds. | 2008-10-07 |
| Charlie Bobrinskoy | BUY | Pfizer Inc | PFE-N | 17.650 | Interesting sock. Almost like a bond. Price assumes there will be no significant new drugs so revenue is based on existing drugs until they come off patent. No phase 2 drugs have hit over the last 2 years. | 2008-10-07 |
| Don Reed | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | On Harper’s Speech: When we responded to the credit crisis, we weren’t dealing with the same crisis in Canada. Consumer debt started going out of control in 2002, not Aug 2007. Likes what Harper had to say. Wants him to keep his promise to reduce capital gains tax. Not sure about Dion’s idea of assembling a panel to discuss the economy. That had to happen a while ago and Harper has been consulting experts all along. | 2008-10-07 |
| Don Reed | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Following Bernanke speech: Thinks we are getting an interest rate cut and it should work. He likes what they are doing.
Have drops in global PE ratios dropped to historical averages? Yes, we are at 15-year lows. So right now we have some very good buying opportunities. Europe is cheaper than North America. | 2008-10-07 |
| Charlie Bobrinskoy | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | People are obviously very scared. There are financial institutions in trouble so health companies could not borrow. It’s been very dangerous to call a bottom in financials. Now European banks are getting into trouble. All the government actions are helping the credit market. Lots of areas where he things opportunities are being created. Companies where there is more than a 10% cash flow yield. | 2008-10-07 |
| Don Reed | PAST TOP PICK | BAE Systems | BA-LN | 0.000 | (Top Pick Jul 12/07, Flat) They are a cost plus contractor. In defence and aerospace system, quality suffers | 2008-10-07 |
| Don Reed | PAST TOP PICK | Compass Group | CPG-LN | 0.000 | (Top Pick July 12/07 Down 6%) Economies of scale on purchasing side keep their costs down. Defensive stock. Still more room for cost controls. Still continue to win contracts with institutions. Still a good food service | 2008-10-07 |
| Charlie Bobrinskoy | DON'T BUY | Visa Inc. | V-N | 51.150 | They don’t have the kind of credit exposure that other financials have. Would not own it. Multiple is very high. But not the same downside as other financials. | 2008-10-07 |
| Don Reed | TOP PICK | CHINA COAL | 1898-HK | 0.000 | Second largest coal producer. It’s here to stay and suffered a lot. China has to import all their coal. China is growing so quickly that they need every source of energy they can get. | 2008-10-07 |
| Don Reed | TOP PICK | Telenor | TEL.OL | 0.000 | Second largest coal producer. It’s here to stay and suffered a lot. China has to import all their coal. China is growing so quickly that they need every source of energy they can get. | 2008-10-07 |
| David Baskin | BUY | Agrium | AGU-T | 43.000 | Despite a global recession, people HAVE to eat. Diets are getting more protein rich and that implies you have to grow a whole lot more grains that the animals are eating. Terrific opportunity here for the entire sector. | 2008-10-06 |
| David Baskin | SPECULATIVE BUY | Bank of America | BAC-N | 32.220 | They may emerge as THE dominant retailer, or they may have taken on too much risk. | 2008-10-06 |
| David Baskin | DON'T BUY | Bank of Montreal | BMO-T | 40.210 | Doesn’t think it is a very well run bank. Haven’t been able to grow as fast as the rest of the industry. | 2008-10-06 |
| David Baskin | TOP PICK | Bank of Nova Scotia | BNS-T | 45.000 | Dividend is far in excess of 5-year Canada Bond. Feels the stock is a roaring bargain. | 2008-10-06 |
| David Baskin | BUY | Barrick Gold | ABX-T | 32.800 | He hasn’t owned a gold stock since 1999. Stock went down and gold went up. We are going to see inflation because of what went on in the states and people are going to go to dollar. | 2008-10-06 |
| David Baskin | BUY | BCE Inc. | BCE-T | 33.760 | If deal is not done it will re-instate dividend right away. Very little downside. 60% change of deal going through. | 2008-10-06 |
| David Baskin | BUY | Berkshire Hathaway Inc. (B) | BRK.B-N | 4.000 | This is Warren Buffet’s kind of market. A couple of months ago he said he wouldn’t buy the stock because there were no opportunities because everything was too expensive. | 2008-10-06 |
| BUY | iUnits Cnd Bond Market. E.T.F. | XBB-T | 28.470 | It’s a good time to hold some bonds. If you want to be in bonds and don’t want the interest rate sensitivity, then go for the shorter terms. | 2008-10-06 |
| TOP PICK | iUnits S&P Financial | XFN-T | 21.550 | Our financials are global. Good dividend stream, although not going to rise. | 2008-10-06 |
| VAGUE | iUnits S&P TSE 60 E.T.F. | XIU-T | 15.690 | It’s time to take a broader exposure in ETFs. Feels we are going to be in a global recession. | 2008-10-06 |
| David Baskin | WAIT | Loblaw Companies Ltd | L-T | 28.520 | May have finally passed the worst, but he wants to see one or two quarters of growing profit to see. | 2008-10-06 |
| David Baskin | BUY | Manulife Financial | MFC-T | 34.710 | Poised to become the dominant insurance company in the world. Balance sheet is strong | 2008-10-06 |
| David Baskin | BUY | Potash Corp of Saskatchewan | POT-T | 95.250 | Despite a global recession, people HAVE to eat. Diets are getting more protein rich and that implies you have to grow a whole lot more grains that the animals are eating. Terrific opportunity here for the entire sector. | 2008-10-06 |
| David Baskin | BUY | Research In Motion | RIM-T | 66.000 | They may emerge as THE dominant retailer, or they may have taken on too much risk. | 2008-10-06 |
| David Baskin | BUY | Research In Motion | RIM-T | 66.000 | They may emerge as THE dominant retailer, or they may have taken on too much risk. | 2008-10-06 |
| David Baskin | BUY | Teck Cominco Ltd. (B) | TCK.B-T | 22.380 | Coal prices are very firm. Demand is firm. They are the only big Canadian multi-mineral producer left and at a discount price. | 2008-10-06 |
| David Baskin | TOP PICK | Telus Corp | T-T | 38.780 | All those competitors that spent a lot of money on wireless spectrum are going to have all lot of trouble building that spectrum since they can’t borrow the money. | 2008-10-06 |
| David Baskin | TOP PICK | Trans Canada Corp | TRP-T | 36.200 | Even if there is a recession you got to push the petrochemicals down the pipeline – and they also do power production. Earnings are going to be solid. Not economically sensitive and they have long-term growth potential. | 2008-10-06 |
| BUY | streetTracks Gold E.T.F. | GLD-N | 84.280 | There is a lot of money being printed right now and Gold is a good place to be. | 2008-10-06 |
| TOP PICK | streetTracks Gold E.T.F. | GLD-N | 84.280 | Gold. Not a big weight in portfolios. Prefers gold to gold stocks. | 2008-10-06 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | We are overdue for a relief rally. It’s going to be tough to pick the bottom.
Are funds at risk if ETF operator goes under? Investments are separate and segregated from the corporate funds. Thereis no cause for concern.
How to survive a high inflationary period: Exposure to gold, real estate and bonds. In the case of real estate, look for investments that are lower than replacement cost.
Windom tree has some currency ETFs.
Shorting the banks. You have to pay the dividends along the way and that can be risky. It’s too late to short the banks. | 2008-10-06 |
| David Baskin | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The action in the market was bizarre. Down a thousand points in an hour. There were no bids. People were trying to sell but institutional investors were sitting on the sidelines. Doesn’t know who was buying those stocks. If you are sitting on good quality stocks and you don’t need to sell them for margin call or rent, you don’t need to sell them, especially if they are dividend-paying stocks.
Canadian banks are not at risk as in Europe or States. We are all fully liable for the full amount of our mortgage. In Canada we never got into the teasers in mortgages. Doesn’t see banks cutting dividends. | 2008-10-06 |
| TOP PICK | iUnits Short Bond Index E.T.F. | XSB-T | 28.360 | A lot of people lost sight of having bonds. Should act as a good stabilizer | 2008-10-06 |
| VAGUE | Market Vectors Agribusinesses E.T.F. | MOO-A | 26.660 | Agriculture ETFs: Canada is a small market and slicing and dicing ETFs this small doesn’t make sense. There is concentrated risk. | 2008-10-06 |
| David Baskin | DON'T BUY | Visa Inc. | V-N | 55.380 | There will be fewer cards and with lower credit limits because of the recession. Transaction volumes will decline. | 2008-10-06 |
| BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 10.000 | Gas is an essential commodity. Gas is a good place to be. | 2008-10-06 |
| Bill MacLachlan | WAIT | Agrium | AGU-T | 43.720 | Dropped because an analyst got nervous and sounded the alarm. Be Cautious. He likes it but thinks they may go lower. You could do some buying around these levels but don’t get the whole position and don’t overweight. | 2008-10-03 |
| Bill MacLachlan | BUY | Bank of Montreal | BMO-T | 42.500 | (and Banks in general) Don’t have everything in the banks. The only part of the TSX that have been up in the last quarter is the financials. The dividends are safe and there is a long history of dividend increases. Banks should be no more than 20 or 30% of porfolio. Focus on dividend-paying stocks. | 2008-10-03 |
| Bill MacLachlan | DON'T BUY | Barrick Gold | ABX-T | 34.950 | If the US is forced to raise interest rates, which he thinks is unlikely, it would be bad for gold in US dollar terms. Thinks gold is not likely going to be a great place to be as a longer-term investment over the next several years. Thinks the reparation will occur to the US financial structure. Thinks the US dollar is close to bottom. Gold as a commodity is the better buy and the premium for gold through a gold stock is outrageous. | 2008-10-03 |
| Bill MacLachlan | WAIT | Bombardier Inc (B) | BBD.B-T | 5.200 | This is a good entry point. Even if you discount regional jet orders, turbo props, business jets and you assume flat line growth in rail, there is still good value in the stock. We are going to see a slowdown in the demand for short haul aircraft. Good over the longer haul, but it’s not going to run away on you. | 2008-10-03 |
| Bill MacLachlan | TOP PICK | Cineplex Galaxy Income Fund | CGX.UN-T | 13.820 | It has tax pools so that when it converts it wont be taxed for some time, yield at over 9%, 70% of earnings pay distribution. Tremendous income oriented stock. | 2008-10-03 |
| Paul Gardner | DON'T BUY | CitiGroup | C-N | 18.350 | We need to look at what are the best in class banks that will service. He prefers Bank of America, as it makes a much more compelling validation. | 2008-10-03 |
| Bill MacLachlan | TOP PICK | Manulife Financial | MFC-T | 36.470 | Great example of a great Canadian company. One of the best capitalized insurance companies in the world. Can benefit from the US financial crisis. What for acquisitions. | 2008-10-03 |
| Bill MacLachlan | WAIT | Nova Chemicals Corp. | NCX-T | 20.570 | This is dependant on the commodity cycle. It has more to go on the downside. | 2008-10-03 |
| Bill MacLachlan | SELL | Petro-Canada | PCA-T | 32.250 | Sleepy money is what you invest in this. Cut their position in the news of the fort hills project and invested in Suncor. They will be out of this stock in the next quarter. The execution is what concerns them. | 2008-10-03 |
| Bill MacLachlan | HOLD | Research In Motion | RIM-T | 66.030 | Stock has been devastated because of concerns over their ability to grow at the pace they have been, given the meltdown in the US financial sector and the fact that a lot of financial types are big users of their products. Hold – the damage has been done. It will continue to be tremendously volatile, but it is a classic growth story. They always get hit in these kind of markets but this is a company that has a technological edge that they are going to be able to maintain. | 2008-10-03 |
| Bill MacLachlan | TOP PICK | SNC-Lavalin Group Inc. | SNC-T | 34.050 | Likes it because they are involved in infrastructure development and there is so much to be done in Asia. They have no debt, excellent management team and are one of the largest engineering and management companies in the world. Have been adding at current levels. | 2008-10-03 |
| Bill MacLachlan | DON'T BUY | Yamana Gold Inc. | YRI-T | 7.500 | Gold companies are making money at $800/oz. A month ago he would have put high odds of inflation rearing its ugly head. But now he thinks it will be deflation. He thinks gold will not do well. They don’t buy gold companies or ETFs. | 2008-10-03 |
| Bill MacLachlan | VAGUE | Teck Cominco Ltd. (B) | TCK.B-T | 23.080 | Their sector is the largest hit. As a small holding this is likely a reasonable entry level, but don’t expect a return to the levels we have seen over the last year. | 2008-10-03 |
| Paul Gardner | BUY | Toronto Dominion | TD-T | 59.430 | Likes it. TD is growing appropriately in the US with depositors. May buy regional banks. | 2008-10-03 |
| Bill MacLachlan | DON'T BUY | Transalta Corp | TA-T | 27.500 | The perennial question is how safe is the dividend. There have been on-going debt concerns and an aborted deal they tried to do a while ago. He is concerned about the sustainability of the dividend. | 2008-10-03 |
| Vinny Catalano | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The S&P should trade at 14x earnings with the bailout package. The financials may do surprisingly well. Economically sensitive stocks could be problematic. There is a chance of a bit of a bounce in the short term, but bear market longer term. S&P could go below 1100. | 2008-10-03 |
| Paul Gardner | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The bail out gives some confidence and some relief. The credit markets will be dysfunctional for some time. You should buy companies that are solvent. It’s going to be expensive to issue debt. It’s slam-dunk that we see a recession. | 2008-10-03 |
| Bill MacLachlan | DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Silver: There is a commodity side to Silver. There is increasing demand for Silver in China for Jewelry. But this demand is overwhelmed in this market by the financial demand as an investment. The problem with Silver and Gold is that there is no reason for them to rebound. Only buy it to give as a gift. | 2008-10-03 |
| Bill MacLachlan | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Anticipation is sometimes better than reality. The market anticipated the passing of the bailout bill, but then started to realize how the recession would hit Canada. The market had some reality therapy towards the close today. The commodity peak has clearly come and gone, but does not agree that the commodity boom is over. | 2008-10-03 |
| Bill MacLachlan | DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Slver: There is a commodity side to Silver. There is increasing demand for Silver in China for Jewelry. But this demand is overwhelmed in this market by the financial demand as an investment. The problem with Silver and Gold is that there is no reason for them to rebound. Only buy it to give as a gift. | 2008-10-03 |
| Bill MacLachlan | BUY | Pengrowth Energy Trust | PGF.UN-T | 14.400 | It’s a solid company. Distribution is safe, but what if 6 months from now oil is $50 a barrel and if this happened they would have some problems, but they are the strongest of the sector. | 2008-10-03 |
| Vinny Catalano | Comment | HBP Global Gold Bull E.T.F. | HGU-T | 10.750 | Why are HGD-T and HDU-T both down? Every once in a while you do get anomalies and that may be why they are both down together. | 2008-10-03 |
| Vinny Catalano | Comment | HBP Global Gold Bear+ E.T.F. | HGD-T | 12.840 | Why are HGD and HDU down together. Every once in a while you do get anomalies and that may be why they are both down together. | 2008-10-03 |
| Vinny Catalano | Comment | CASH | CASH | 0.000 | How safe is it? It is safe in the US system. It’s sad to hear that this question is being asked. | 2008-10-03 |
| Ross Healy | DON'T BUY | Agrium | AGU-T | 45.010 | Wheat, corn and soy are falling sharply. It’s not necessarily economic for farmers to buy expensive fertilizers. We are going to see further weakness in commodities. We are in a commodity bubble that is in the process of bursting, and fertilizer is one of them. | 2008-10-02 |
| Ross Healy | WAIT | Apple | AAPL-Q | 100.100 | Trade apple if S&P gets down to 1000-point area. Steam is coming out of consumer. This will be a consumer lead recession. | 2008-10-02 |
| Ross Healy | WAIT | Arc Energy Trust | AET.UN-T | 20.300 | 12 years life is not a lot of time. In a couple of years it will become a straight energy company. Wait when it gets beaten up because of converting to a corp. | 2008-10-02 |
| Michele Robitaille | BUY | Arc Energy Trust | AET.UN-T | 20.300 | Fantastic management team. Thinks there is significant upside. May take some time to realize it. Very conservatively managed from a debt perspective. Cut distribution in September and took a hit, making it a good value now. | 2008-10-02 |
| Ross Healy | TOP PICK | Barrick Gold | ABX-T | 33.250 | Hedge. Not a lot of downside. Not far of it’s long term low. Defensive. Sell-off is a buying opportunity. Will stick with it though thick and tin. | 2008-10-02 |
| Ross Healy | PAST TOP PICK | Barrick Gold | ABX-T | 33.250 | (Top Pick Oct 5/07, Down 5%) Likes the company – had a roller-coaster year after one heck of a year. Excellent balance sheet, well run company. | 2008-10-02 |
| Ross Healy | DON'T BUY | BCE Inc. | BCE-T | 34.800 | Never thought the deal would go through – didn’t think the deal was financable. Still doesn’t think that city-group, the lead financier, can go through with the deal with something on the other side. Wife is a teacher and things teacher is paying way too much. | 2008-10-02 |
| Ross Healy | SELL | Canadian National R.R. | CNR-T | 48.550 | Trading above book value for quite some time. If the commodity bubble has burst, then has it taken the steam out of rail? | 2008-10-02 |
| Michele Robitaille | STRONG BUY | Canadian Oil Sands Trust | COS.UN-T | 33.630 | Is more commodity based than tax based. Will be able to manage their capital structure to offset the tax impact in 2011. Great way to play energy | 2008-10-02 |
| Michele Robitaille | TOP PICK | Canadian Real Estate Investment | REF.UN-T | 27.630 | One of the oldest Reits in the sector. Conservatively, well run real estate company. | 2008-10-02 |
| Ross Healy | PAST TOP PICK | Canadian Tire Corporation Ltd | CTC-T | 52.000 | (Top Pick Oct 5/07, Down 40%)Used to hold up well in bad economic times because if you couldn’t buy a new item, you would buy the tools to maintain it. Let it come back a little bit more before coming back in. Getting really cheap. | 2008-10-02 |
| Michele Robitaille | HOLD | Chartwell Seniors housing | CSH.UN-T | 6.950 | Were focused on acquisitions and payout ratio continues to be more than 100%. The longer it stays down at these levels the more it could be bought and it should be held with that in mind. | 2008-10-02 |
| Michele Robitaille | TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 13.800 | Very stable business, growth is from imaging side of business. Good growth opportunities. Should convert into high dividend paying corp in 2011. | 2008-10-02 |
| Michele Robitaille | TOP PICK | Crescent Point Energy Trust | CPG.UN-T | 30.070 | Play is in its infancy. Possible takeover candidate in the long time. | 2008-10-02 |
| Ross Healy | TOP PICK | Manitoba Telecom Services | MBT-T | 41.030 | Handling pretty nicely, pretty well all round business. Not exciting, but it’s not meant to be and gives a nice dividend. | 2008-10-02 |
| Ross Healy | DON'T BUY | Manulife Financial | MFC-T | 37.210 | Avoided all of the sub-prime catastrophes. Trading close to its fair market value | 2008-10-02 |
| Ross Healy | SPECULATIVE BUY | Nortel | NT-T | 2.350 | 60% discount to book value. It’s a warrant on the survival of the company. It could be bought out. It’s a natural to be acquired by someone. | 2008-10-02 |
| Ross Healy | SELL | Oilexco Inc | OIL-T | 9.460 | It has not a business problem but a financial problem. This is a case where the valuations are down because it is an expensive stock. | 2008-10-02 |
| Michele Robitaille | DON'T BUY | Penn West Energy Trust | PWT.UN-T | 23.750 | It’s turned into a ‘show me’ story. Their track record on capital efficiencies isn’t that good. | 2008-10-02 |
| Michele Robitaille | BUY on WEAKNESS | RioCan Real Estate Investment | REI.UN-T | 19.850 | One of the higher quality REITs. One of the largest retail REITs across the country. Very diversified portfolio, high quality tenants. Comfortable with their leverage ratio, strong balance sheet. Risks are mild. | 2008-10-02 |
| Ross Healy | DON'T BUY | Suncor Energy Inc | SU-T | 36.000 | Hit hard, superb company. Badly affected by outlook in price for oil, but get out of the way of avalanches. | 2008-10-02 |
| Ross Healy | DON'T BUY | Teck Cominco Ltd. (B) | TCK.B-T | 24.320 | Getting really cheap. Question is how fast commodity prices may keep knocking earning back. It could drop as much as a third. | 2008-10-02 |
| Michele Robitaille | HOLD | Yellow Pages Income Fund | YLO.UN-T | 9.310 | Yield is safe although not a catalyst to the upside. Don’t expect a lot of downside. Yield should be the same in 2011 but a dividend, which is more tax efficient. | 2008-10-02 |
| Ross Healy | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Thinks there would have been more confidence with the senate passing this bill. Thinks it will be a global recession, now that credit problem is moving to phase 2 – following the crisis | 2008-10-02 |
| Ross Healy | N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Credit problem is priced into market but recession is not. | 2008-10-02 |
| Ross Healy | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | He’s bullish on gold stocks. Market is looking beyond inflationary implications of package to fears of severe recession and commodity weakness. | 2008-10-02 |
| Ross Healy | PAST TOP PICK | Bell Aliant | BA.UN-T | 24.850 | (Top Pick Oct 5/07, Down 29%) Not unhappy with the holding and will keep holding it. Not trading far away from where it was when it was a corp.; not terrible exciting, but solid and conservative and well run. | 2008-10-02 |
| Michele Robitaille | HOLD | Bell Aliant | BA.UN-T | 24.850 | Yield is strong, low risk of distribution cut, but lacks long-term growth catalyst because they sold off their wireless business. No reason from an operating point of view that it needed to sell off. | 2008-10-02 |
| Kevin O'Leary | SELL | Apple | AAPL-Q | 109.120 | We are going into the consumer phase of one of its fastest growing products, the iPhone, competing against RIM and Nokia. He thinks all these names will get hurt. | 2008-10-01 |
| Kevin O'Leary | BUY | Arc Energy Trust | AET.UN-T | 22.550 | It’s one of the good trusts. | 2008-10-01 |
| Kevin O'Leary | HOLD | BCE Inc. | BCE-T | 36.110 | Thinks deal will close but may be delayed. Impressed with managers. Bullish on this stock. After stabilizing the asset, they may have to build out to convert to GSM. | 2008-10-01 |
| Kevin O'Leary | DON'T BUY | CAE Inc | CAE-T | 8.250 | Yield is not yet 2%, could go 20% further down. | 2008-10-01 |
| Kevin O'Leary | BUY | Canadian Oil Sands Trust | COS.UN-T | 37.400 | Could easily correct more. If you believe that oil can stay above $80, this is a great name to own. There is no question of supply because we have 100 years. The fact that it is still a trust and has to go through the conversion is still an issue. | 2008-10-01 |
| Kevin O'Leary | PAST TOP PICK | Diageo PLC | DEO-N | 70.100 | (Top Pick Aug 25/2008, Down 6%) Good play on international growth. Stable cash flow and wonderful yield. Thinks dividends will grow. Can’t find a better commodity than alcohol when the middle class is growing, such as in China and India. | 2008-10-01 |
| Kevin O'Leary | SELL | EnerVest Diversified Income Trust | EIT.UN-T | 4.780 | The management company was recently sold. It has to re-invent itself. | 2008-10-01 |
| Kevin O'Leary | VAGUE | First Calgary Petroleums | FCP-T | 3.360 | His brother is the new CEO, but does not talk to him about it. Deal being contemplated with an Italian firm buying it. The asset is spectacular – gas fields in Algeria. It’s a complicated, tortured company with a horrendous past. He owns the bonds. | 2008-10-01 |
| Kevin O'Leary | BUY | Fording Canadian Coal Trust (Inc Trust) | FDG.UN-T | 86.500 | It has an interesting spread. | 2008-10-01 |
| Kevin O'Leary | SPECULATIVE BUY | ING Groep NV | ING-N | 23.100 | 10% yield. Too risky to take a full position. May get nationalized, in which case capital gets wiped out. | 2008-10-01 |
| Kevin O'Leary | TOP PICK | JP Morgan | JPM-N | 49.630 | Going to be one of the winners after this crisis is over. Recent deals significantly expanded their reach. Likes this story a lot. Huge asset base. Very stable cash flows. Thinks it will be a big surprise when markets stabilize in 2 to 3 years. | 2008-10-01 |
| Kevin O'Leary | HOLD | Keyera Facilities Income Fund | KEY.UN-T | 21.000 | Fantastic business. Doesn’t know what kind of hit they will take in a conversion. Enamored with the cash flow model. No intention of selling / is going to wait it out for the conversion. When it converts it will have a strong dividend and is the kind of stock he would want to own. | 2008-10-01 |
| Kevin O'Leary | VAGUE | Northstar Healthcare | NHC-T | 3.160 | Underlying business is sound. Will consider what to do with it at the end of the year. Pretty insensitive to who wins the federal election. This company is an execution problem. | 2008-10-01 |
| Kevin O'Leary | BUY | SNC-Lavalin Group Inc. | SNC-T | 37.970 | Can find yields 2 or 3 times this one, but it’s time to buy infrastructure. | 2008-10-01 |
| Kevin O'Leary | BUY | Suncor Energy Inc | SU-T | 40.700 | It’s had a pretty strong correction and it’s one of the core holdings if you believe oil will stay above $80 | 2008-10-01 |
| Kevin O'Leary | DON'T BUY | Yamana Gold Inc. | YRI-T | 8.920 | All the producers have trailed the commodity itself. The run gold probably signifies that we are not going to have inflation any time soon. He is not that excited about owning gold names. | 2008-10-01 |
| Kevin O'Leary | SELL | Arctic Glacier Income Fund | AG.UN-T | 1.440 | Management broke the law. Its going to go through a huge investigation. | 2008-10-01 |
| Kevin O'Leary | N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The Financials have not bridged to old lows of the summer, despite the financial crisis. Doesn’t think Commodity stocks have finished going down. Most stable place to be is construction and infrastructure. If the Asian markets slow, then oil could go below $80 | 2008-10-01 |
| Kevin O'Leary | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Income trusts: The bigger cap names are probably going to survive better after the conversion. Everyone who has announced conversion has lost between 15 and 30%. Doesn’t think there is any capital upside at all in these names, but yields should be interesting for next 24 months. He is not adding any weight to this sector and is slowly exiting it. | 2008-10-01 |
| Kevin O'Leary | BUY | Pengrowth Energy Trust | PGF.UN-T | 15.600 | Added to the position recently. | 2008-10-01 |
| Kevin O'Leary | DON'T BUY | Air Canada (B) | AC.B-T | 5.250 | Only own as trading vehicle. He is an investor. Management has done better in the last couple of years. It’s do ok. | 2008-10-01 |
| Kevin O'Leary | PAST TOP PICK | National Grid PLC | NGG-N | 64.620 | (Top Pick Aug 25/2008, Down 5%) Large, Stable, Utility Infrastructure is a good place to hide. Not worried about much more downside. Is a buy. | 2008-10-01 |
| Kevin O'Leary | PAST TOP PICK | Veolia Environnement | VE-N | 41.020 | (Top Pick Aug 25/2008, Down 25%) Management missed. Going to buy it again, but no rush and see management stabilize. Expects new management. Core asset is water and was always there. | 2008-10-01 |
| Kevin O'Leary | TOP PICK | Energy Transfer Partners L. P. | ETP-N | 38.250 | 10% yield. It had a massive correction and is a great business. Will own this name for along time. | 2008-10-01 |
| Kevin O'Leary | TOP PICK | United Group Limited | UGL-AX | 0.000 | Phenomenal growth/ Close to Asian and Chinese. Are beneficiary of lots of government contracts. Huge dividend. | 2008-10-01 |
| Kevin O'Leary | BUY | British American Tobaco | BTAFF-A | 0.000 | British American Tobacco. Some people don’t believe in buying alcohol or tobacco. It will recover at the same pace as others. | 2008-10-01 |
| Gordon Higgins | WAIT | Agrium | AGU-T | 59.500 | This is going to be the worst quarter for price drop for corn. There’s some emotion working against it. Wait a little on this one, but it’s fairly valued. | 2008-09-30 |
| Gordon Higgins | BUY | Apple | AAPL-Q | 113.660 | 14x earnings is better than Rim’s 17x. | 2008-09-30 |
| Gordon Higgins | TOP PICK | Bank of Nova Scotia | BNS-T | 48.000 | Best history of Canadian Banks’ earnings growth. Feels confident in Canadian banks. | 2008-09-30 |
| Gordon Higgins | PAST TOP PICK | BCE Inc. | BCE-T | 36.700 | (A Top Pick Sept 12/07. Flat) Believes deal will still get done. The banks can still come up with the capital. | 2008-09-30 |
| Gordon Higgins | VAGUE | Bombardier Inc (B) | BBD.B-T | 5.780 | Has great stability on rail side, but instability on ‘C Series’ side. You are betting on a plane that is still under development. | 2008-09-30 |
| Glenn MacNeill | BUY | Bow Valley Energy | BVX-T | 3.030 | He got frustrated and sold it off. Has excellent value at these prices and at some point the market will recognize it and trade at higher prices. | 2008-09-30 |
| Gordon Higgins | VAGUE | Canadian Imperial Bank of Commerce | CM-T | 61.080 | Bank with the greatest risk. The rescue package in the US could have a direct effect on CIBC. | 2008-09-30 |
| Glenn MacNeill | BUY | Canadian Oil Sands Trust | COS.UN-T | 38.760 | Growing dramatically, likes it. Represents good value. Paying their debt is reasonable at these oil prices. Will use part of cash flow to grow. | 2008-09-30 |
| Gordon Higgins | BUY | Canadian Pacific Rail | CP-T | 57.070 | Approval to make a recent acquisition but now they have to spend considerable money to expand rail lines. | 2008-09-30 |
| Gordon Higgins | VAGUE | Encana Corp | ECA-T | 67.960 | If we have colder weather you should see positive growth. | 2008-09-30 |
| Glenn MacNeill | TOP PICK | Encana Corp | ECA-T | 67.960 | Largest independent in North America. Gas exposure. It’s going to split. | 2008-09-30 |
| Glenn MacNeill | BUY | Iteration Energy | ITX-T | 3.750 | Great Junior company, trading at very low valuations. Well run, good set of properties. Could pop if there is cold weather. A good trade in there. | 2008-09-30 |
| Gordon Higgins | HOLD | Hudbay Minerals Inc. | HBM-T | 7.010 | You have to believe in zinc to buy this one. | 2008-09-30 |
| Glenn MacNeill | DON'T BUY | Husky Energy | HSE-T | 44.200 | Good liquidity. Refining looking a little better. Expecting to do well. There are others he likes better. | 2008-09-30 |
| Gordon Higgins | BUY | Johnson & Johnson | JNJ-N | 69.280 | Very interesting, very stable. | 2008-09-30 |
| Gordon Higgins | BUY | Kinross Gold | K-T | 17.090 | When you see high volatility, people tend to drift to gold. Great growth company. | 2008-09-30 |
| Gordon Higgins | BUY | Manulife Financial | MFC-T | 38.280 | Solid operations and good growth prospects. | 2008-09-30 |
| Gordon Higgins | TOP PICK | Methanex Corp | MX-T | 20.850 | Like to get the cash back to the unit holder. They have good growth and dividend to boot. | 2008-09-30 |
| Gordon Higgins | BUY | Norbord Inc. | NBD-T | 3.580 | Loosing money so paying dividends out of capital, but parent is taking their dividend as shares. Don’t buy it for the dividend but it is a nice way to get paid. | 2008-09-30 |
| Gordon Higgins | HOLD | Nexen Inc | NXY-T | 24.700 | Production volumes low due to hurricane. When you have mega projects you DO have mega-problems and that has to be allowed for when looking at these companies. | 2008-09-30 |
| Gordon Higgins | N/A | Northstar Healthcare | NHC-T | 3.260 | Doesn’t know this stock. Two buys and two holds from analysts. | 2008-09-30 |
| Glenn MacNeill | VAGUE | Birchcliff Energy Ltd. | BIR-T | 9.190 | Gas driven, undervalued, done well, prices got expensive, better value in Galleon. | 2008-09-30 |
| Gordon Higgins | DON'T BUY | Nortel | NT-T | 2.340 | Threatening to sell of a major operation of theirs. You’ve been buying hope in this stock since 2001. | 2008-09-30 |
| Glenn MacNeill | WAIT | Oilexco Inc | OIL-T | 10.450 | 100% oil in British north sea. Expect to continue production. Good slate of properties. Has to ride out the market. | 2008-09-30 |
| Gordon Higgins | DON'T BUY | Paramount Resources | POU-T | 11.350 | The price is coming down with the price of oil. It’s a solid company, but there are other good quality companies out there as well. | 2008-09-30 |
| Glenn MacNeill | HOLD | Penn West Energy Trust | PWT.UN-T | 25.310 | Close to a sell. Believes they are not going to meet their production guidance. They have a real challenge ahead of them. | 2008-09-30 |
| Gordon Higgins | BUY | Petro-Canada | PCA-T | 35.400 | Great long-term story. Fort hills project responsible for recent decline. Should be more stable than a lot of the exploration companies. Great long-term story. | 2008-09-30 |
| Glenn MacNeill | DON'T BUY | Petro-Canada | PCA-T | 35.400 | There are other places that have better production profiles and better production increases. | 2008-09-30 |
| Gordon Higgins | SPECULATIVE BUY | Research In Motion | RIM-T | 71.710 | Very volatile stock, must take long-term view. Moving into consumer area with margins dropping, cause recent stock price drop. | 2008-09-30 |
| Glenn MacNeill | SPECULATIVE BUY | Savanna Energy Services | SVY-T | 15.470 | US drilling at all time record levels. Prefers services in the pumping business. Savanna is vulnerable with shallow oilrigs. Well run. Likes Gas potential down the road. Should benefit from prices as we got into the winter. Drilling is taking place on Bay street through M&A vs. in Alberta. | 2008-09-30 |
| Gordon Higgins | DON'T BUY | SNC-Lavalin Group Inc. | SNC-T | 38.480 | People don’t like engineering/construction companies right now. | 2008-09-30 |
| Glenn MacNeill | TOP PICK | Suncor Energy Inc | SU-T | 44.000 | Be with the large, well-managed companies with good liquidity. Believes we will have reasonably good oil prices and Suncor will benefit from this. Buy this when it gets cheap and put it away. | 2008-09-30 |
| Glenn MacNeill | TOP PICK | Talisman Energy | TLM-T | 15.020 | Value player of all time. Huge value here. Eventually the market will see the value. Great assets in Indonesia. Going through strategic change and has been vulnerable in this market. | 2008-09-30 |
| Gordon Higgins | HOLD | Teck Cominco Ltd. (B) | TCK.B-T | 30.220 | With purchase of Fording, they are doubling their coal production. | 2008-09-30 |
| Gordon Higgins | BUY | Thomson Reuters Corp | TRI-T | 28.930 | Likes it. Buy it in the UK, where it has a 15% discount, but you can’t exchange with Canadian shares. | 2008-09-30 |
| Gordon Higgins | HOLD | TSX Group | X-T | 29.000 | Little bit of risk from the new trading platform, but reasonable valuation. | 2008-09-30 |
| Gordon Higgins | N/A | UTS Energy | UTS-T | 1.270 | They don’t have the capital for the new higher price of the Fort Hills project. It’s cheap but you have that risk. It’s trading at a significant discount to net asset value. | 2008-09-30 |
| Gordon Higgins | DON'T BUY | Quebecor World Inc. | IQW-T | 0.090 | You are just buying hope on this one. | 2008-09-30 |
| Glenn MacNeill | BUY | Crew Energy Inc. | CR-T | 10.000 | Well run Company, likes the company, terribly undervalued. Good value and if the market begins to care about value then it is a good place to play. | 2008-09-30 |
| Gordon Higgins | N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Getting close to bottom, it’s very dangerous to try to call it. If you buy stocks that are at 10x earnings, even if they go down you’ll be fine a year from now. | 2008-09-30 |
| Glenn MacNeill | N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Flight to Safety: Go to where you are going to be the safest – Cash, stocks that have good liquidity, are the largest, best run companies, energy utilities - pipelines, mid stream processors, areas that have a good steady cash flow, do not depend on commodity prices. | 2008-09-30 |
| Gordon Higgins | N/A | Canadian Tire Corporation Ltd. (A) | CTC.A-T | 49.000 | Had an earnings miss. Growth rate is slow. Not a lot of driver there. Cars are built more reliably but one could argue that people might repair them themselves. | 2008-09-30 |
| Gordon Higgins | PAST TOP PICK | Gildan Activewear Inc. | GIL-T | 23.650 | (A Top Pick Jan 25/08. Down 32%) Had an earnings miss. Still selling lots of t-shirts. Moving production off shore will const them in the near term. | 2008-09-30 |
| Glenn MacNeill | BUY | Galleon Energy Inc. (A) | GO.A-T | 9.370 | Million acers of exploration plays. | 2008-09-30 |
| Glenn MacNeill | WAIT | Petrolifera Petroleum Ltd. | PDP-T | 3.370 | Cautions investors about offshore assets. Go to stocks that pay dividends or distributions. | 2008-09-30 |
| Gordon Higgins | DON'T BUY | CI Financial Income Fund | CIX.UN-T | 18.000 | Their assets are mainly equity so you expect their revenue to be down 7% as the market has been. | 2008-09-30 |
| Gordon Higgins | BUY | Bell Aliant | BA.UN-T | 24.990 | Reasonable valuation, reasonable dividend | 2008-09-30 |
| Glenn MacNeill | BUY | Bronco Energy | BCF-T | 6.900 | Large group of assets all cordoned off. Getting it on production. Production increases expected to be fairly dramatic. | 2008-09-30 |
| Gordon Higgins | TOP PICK | Petroleo Bras Sa Petro | PBR-N | 43.950 | PBR.A-N: 15 refineries in Brazil. They have an offshore field that by 2017 could be producing a million barrels a day. They are currently producing 2.4 million barrels a day. Brazil controls the price of oil within Brazil. | 2008-09-30 |
| Gordon Higgins | BUY | Genesis Lease Ltd. | GLS-N | 8.740 | He is confident in this one. This is the time to buy. They have the cash they need without borrowing. | 2008-09-30 |
| Gordon Higgins | PAST TOP PICK | Nufarm | NUF-ASX | 0.000 | (A Top Pick Jan 25/08. Up 2%) Agricultural Play. A Chinese company did come in and make a bid and then pulled back, so you still have that potential. | 2008-09-30 |
| Glenn MacNeill | WAIT | STEALTH VENTURES LTD | SLV-V | 0.000 | Good assets and capability to spend some money. Higher risk play. When large caps recover this is when to look at this stock. | 2008-09-30 |
| Bruce Campbell | TOP PICK | Agrium | AGU-T | 56.360 | Not dependant on one of the fertilizer minerals. Less than 5x earnings. Safer than small cap plays. | 2008-09-29 |
| Paul Harris | DON'T BUY | Apple | AAPL-Q | 105.260 | Consumer related products and we are entering a consumer slow down. People will hold on to an existing product. Great company but you are paying a large multiple. | 2008-09-29 |
| Bruce Campbell | WAIT | Aecon Group Inc | ARE-T | 10.280 | Reported a ton of contracts in the last 6 months. Growing the business in engineering and construction. Waiting to buy but must be getting close. | 2008-09-29 |
| Bruce Campbell | BUY | Ace Aviation Holdings Inc. (B) | ACE.B-T | 7.860 | On their last call they said they were going to do something but it wasn’t imminent and was going to be near the end of the year. May be bought by Ace Aviation. $23 of value in the stock, high teens if they pay a premium for Air Canada. Trading at a substantial discount. | 2008-09-29 |
| Bruce Campbell | BUY | Bank of Nova Scotia | BNS-T | 46.240 | Canadian banking system is safest in the world. Favorites are TD and Scotia. | 2008-09-29 |
| Paul Harris | N/A | BCE Inc. | BCE-T | 35.000 | Funding coming from different banks and some may re-assess their position or pricing. Deal will probably go through, based on information give to us. | 2008-09-29 |
| Paul Harris | TOP PICK | Brookfield Properties | BPO-T | 15.750 | It owns some of the best commercial properties in the world. Make a lot of money in residential – it’s a land bank. Have been buying back their shares and will continue. Not levered as much as many real estate firms. Bought a lot of their buildings cheaper than current rates. | 2008-09-29 |
| Bruce Campbell | BUY | Canadian Imperial Bank of Commerce | CM-T | 56.900 | Upgraded by RBC and Nesbitt Burns. Still write offs to come. Most depressed of Canadian banks. | 2008-09-29 |
| Bruce Campbell | PAST TOP PICK | Eldorado Gold | ELD-T | 6.790 | (A Past Top Pick Nov. 25/07 up 16%) 10% of equity portfolios are in gold stocks | 2008-09-29 |
| Bruce Campbell | BUY | Encana Corp | ECA-T | 65.000 | Gas is coming into some seasonal strength and this may hold it up a little bit. Encana is a little bit more Gas than Oil. The split into two should still add 10-15% to stock price. | 2008-09-29 |
| Paul Harris | DON'T BUY | General Electric | GE-N | 23.100 | Doesn’t like it. GE grew by acquisition and this stopped with the Honeywell deal not going through. Has huge banking/financial services business. Going into a weaker economy is hurting their businesses. | 2008-09-29 |
| Paul Harris | TOP SHORT | Goldman Sachs | GS-N | 120.700 | Earnings are going to come down, but they are one of the survivors and have stayed out of the issues of sub-prime. They are a global company. They are one of the top 5. | 2008-09-29 |
| Bruce Campbell | HOLD | Imperial Oil | IMO-T | 43.570 | Not his favorite. Would buy almost anything else on the oil side. | 2008-09-29 |
| Paul Harris | BUY | Imperial Oil | IMO-T | 43.570 | Likes it. Good refining assets. There is not enough capacity in refining and they have it. Oil has to fall if we are in a recession. | 2008-09-29 |
| Bruce Campbell | DON'T BUY | Inco | N-T | 85.950 | Stay away. | 2008-09-29 |
| Bruce Campbell | TOP PICK | Kinross Gold | K-T | 17.100 | Good production growth. Good growth in 09, ’10. Think gold prices will go higher. | 2008-09-29 |
| Paul Harris | TOP PICK | Manulife Financial | MFC-T | 36.250 | Did a great deal with Hancock. Lots of capacity to buy from AIG. They will grow even further. Have a great Asian franchise. | 2008-09-29 |
| Bruce Campbell | BUY | Potash Corp of Saskatchewan | POT-T | 135.360 | Potash prices are not going down, but the stock is, so it will rebound before others. | 2008-09-29 |
| Bruce Campbell | TOP PICK | Research In Motion | RIM-T | 65.970 | Inordinately hit by mild disappointment on earnings and some disappointment on margins. In another market, the stock would have been down $5, not $25. Down to a valuation we have never seen before. Margins are down because money was spent on the new growth. Very consumer oriented now. Watch out for things they have not told us about. | 2008-09-29 |
| Paul Harris | N/A | Research In Motion | RIM-T | 65.970 | They are getting caught up in the downdraft. Issues: They are dealing with the Enterprise – keep existing products; They are selling Consumer (discretionary) and margins reduce. Going to be a bad Gift season for their products. | 2008-09-29 |
| Bruce Campbell | PAST TOP PICK | Rogers Communcations (B) | RCI.B-T | 33.620 | (A Past Top Pick Nov 25/07 up 22%) Most of increase is due to wireless auction, which is over done. With dividend up again at almost 3%. Average revenue per user is down but they have lots more users. Given valuation and yield, they like and hold it. | 2008-09-29 |
| Bruce Campbell | DON'T BUY | Royal Bank | RY-T | 47.500 | Not his favorite. They have US customers in the US southeast where they will have some losses but it’s a small enough piece of their business that it is not going to overwhelm the bank. It will cut into growth but no more than that. | 2008-09-29 |
| Bruce Campbell | HOLD | Russel Metals | RUS-T | 23.760 | Thinks they will hold their dividend. Good balance sheet. | 2008-09-29 |
| Bruce Campbell | BUY | Suncor Energy Inc | SU-T | 41.120 | Almost at 52 week low. Down quite a bit from its peak. Buy today if you have a 5-year view. | 2008-09-29 |
| Bruce Campbell | BUY | Toronto Dominion | TD-T | 60.050 | Not every US bank is toast. In future, the US banks are going to look a lot more like the Canadian Banks – a few dominant ones. Canadian banking system is not like US, we are more conservative, are making money. Canadian banking system is safest in the world. Favorites are TD and Scotia. | 2008-09-29 |
| Paul Harris | BUY on WEAKNESS | TSX Group | X-T | 28.650 | TSX exchange itself. Merging with Montreal. Listing revenue is amortized over a period of time. They sell a lot of data. People slow down trading in this kind of Market. There will be a margin issue in a couple of years. | 2008-09-29 |
| Bruce Campbell | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | The Market Decline today is all about energy; it’s not about banks. | 2008-09-29 |
| Bruce Campbell | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Oil: We are in the shoulder and hurricane seasons. There is a reasonable amount of Gulf of Mexico oil not back on production. Although SUVs are being exchanged for hybrids, demand destruction takes quite a while. | 2008-09-29 |
| Bruce Campbell | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gas likely to go higher with a tougher winter. Storage is average. Gas stocks could make somewhat of a recovery. | 2008-09-29 |
| Paul Harris | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | We're in or going into a recession | 2008-09-29 |
| Paul Harris | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Money Market Finds: They aren’t guaranteed like a bank deposit. Doesn’t believe you are in any real issue in Canada. You are very safe with them. | 2008-09-29 |
| Bruce Campbell | BUY | Avenir Diversified Income Trust | AVF.UN-T | 6.760 | Great place to hide. | 2008-09-29 |
| Bruce Campbell | PAST TOP PICK | TriStar Oil & Gas | TOG-T | 14.630 | (A Past Top Pick Nov 25/07 up 106%) Have done a great job. Have years of possible holes to drill. Crescent Point could buy Tri star, giving a little bonus. | 2008-09-29 |
| Bruce Campbell | BUY on WEAKNESS | CI Financial Income Fund | CIX.UN-T | 17.250 | CI is asset heavy so they are probably down in assets 15%. This is a leveraged play on the market so the time to buy is when markets are down and you get a dividend while you wait for a recovery. | 2008-09-29 |
| Bruce Campbell | WAIT | Air Canada (B) | AC.B-T | 5.150 | Wait at least a couple of weeks or months. | 2008-09-29 |
| Bruce Campbell | BUY | MagIndustries Corp. | MAA-X | 0.830 | Of the smaller non-producers, Magindustries would be their preference. | 2008-09-29 |
| Paul Harris | WAIT | Visa Inc. | V-N | 57.800 | They don’t take on any of the credit related issues. If people are maxed out on credit cards, they don’t use Visa as much. They are international and the global economy is slowing down. Visa has the better brand name. He prefers Visa. There are areas where they can expand. He thinks you will be able to buy it lower | 2008-09-29 |
| David Cockfield | TOP PICK | Arc Energy Trust | AET.UN-T | 24.840 | Oil/gas trusts have really taken a beating and virtually all of them are in a Buy zone right now. Excellent management. Big in the Montney and Bakken plays. Good yield. | 2008-09-26 |
| David Cockfield | Comment | Bombardier Inc (B) | BBD.B-T | 5.720 | Has not been one of his favourites. Would wait for the chart to start to look a little bit better. Money for rapid transit and airlines is getting squeezed. | 2008-09-26 |
| David Cockfield | Comment | Canadian National R.R. | CNR-T | 53.110 | Coast-to-coast but also have a North South route. This is a territory where they are competing with trucks and they have been taking business. Well-managed. Better financial shape than some of their US counterparts. Prospects look brighter than Canadian Pacific (CP-T). | 2008-09-26 |
| David Cockfield | BUY | Canadian Oil Sands Trust | COS.UN-T | 41.500 | On his radar screen. Around 12% yield. Long-time producer and they know their way around. Good, long-term investment in the oil sands. | 2008-09-26 |
| David Cockfield | Comment | Canadian Pacific Rail | CP-T | 58.250 | Bulk carrier of commodities. Ran into some problems with congestions in the Port of Vancouver. Mis-planned on having cars available. Cost of fuel has hit them reasonably hard. | 2008-09-26 |
| Drummond Brodeur | DON'T BUY | China Life Insurance | LFC-N | 57.250 | Largest life insurance company in China. It is frequently played as a proxy on the Chinese/Asian market. China has recently made some moves to stimulate growth. Quite optimistic about the Chinese market over the coming 12 months. However, this company is expensive compared to global life insurance companies. Speculators stock. | 2008-09-26 |
| Drummond Brodeur | BUY | China Mobile Hong Kong | CHL-N | 50.530 | Largest cellular company in the world. The dominant operator in China. It will respond as China's actions start picking up over the next 6 months. | 2008-09-26 |
| Drummond Brodeur | BUY | Companhia Vale Do Rio Doce | RIO-N | 20.890 | Probably starting to get pretty cheap valuations. He is cautious on resource prices in the short term but it is reaching a point where supply is going to be shut down. This is positive for longer-term fundamentals. If growth starts coming out of China as well as India and the emerging market, there will be substantial demand for commodities. Good for a long-term hold. | 2008-09-26 |
| David Cockfield | BUY | Enbridge | ENB-T | 40.500 | In an environment where they are building more pipelines. They are based for charging is going to be expanding. Very strong financial position. Good growth ahead of it. Pays a reasonable dividend. | 2008-09-26 |
| David Cockfield | Comment | Iteration Energy | ITX-T | 4.380 | Quite significant production. Have Montney shale to drill. Well financed. Good management. | 2008-09-26 |
| Drummond Brodeur | BUY on WEAKNESS | Honda Motor Ltd. | HMC-N | 32.000 | This and Toyota (TM-N) are very strong companies and will be strong survivors going forward. Honda has a little bit more exposure to the US market than Toyota but a little less exposure to Japan. Both companies are very well positioned into the emerging markets. By them on a pullback. | 2008-09-26 |
| David Cockfield | TOP PICK | Husky Energy | HSE-T | 46.800 | Not a favourite amongst the analysts, but he likes it because it is a well run company and has a good yield. Held up very well in the market selloff. Sold off part of their tar sands. Have a refinery that adds to their earnings. | 2008-09-26 |
| Drummond Brodeur | PAST TOP PICK | iShares Japan | EWJ-N | 11.100 | (A Top Pick July 24/07. Down 10%.) Got hit in the market downturn but Japan fundamentals are the same as they have always been. Not worried about their financial system. This was a defensive move. Would be looking to switch out of Japan and into China for the growth going forward in the 2nd half. | 2008-09-26 |
| David Cockfield | HOLD | Nexen Inc | NXY-T | 24.890 | Fundamentals are good and it is only down because of fears in the market. Good for the long-term. | 2008-09-26 |
| David Cockfield | BUY | Oilexco Inc | OIL-T | 11.310 | Have big production coming on in the North Sea. Potentially a $20 stock. | 2008-09-26 |
| David Cockfield | DON'T BUY | Petro-Canada | PCA-T | 36.440 | Has been a major disappointment. Now trading at about a 5 times multiple. Incredibly cheap. Production will be down this year. It will go up if there is a major lift in the oil/gas stocks. It will lag the rest of the pack. | 2008-09-26 |
| David Cockfield | Comment | Potash Corp of Saskatchewan | POT-T | 152.100 | Great prospects. Getting into a buying range. Got a little ahead of itself. | 2008-09-26 |
| David Cockfield | BUY | Suncor Energy Inc | SU-T | 46.550 | This is a stock that was loved by US investors and funds. The price has come down so much that it is much more attractive. | 2008-09-26 |
| David Cockfield | HOLD | Talisman Energy | TLM-T | 16.110 | Not as enthused about the company under their new management, which seems to be more into foreign areas that are not as safe. Good value at these levels. | 2008-09-26 |
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Top Pick Email Recipients:
My apologies. On yesterday's Oilexco (OIL-T) there was a typo. “Can’t see them getting into the 70,000/80,000 the following year.” should have been “Can see them getting into the 70,000/80,000 the following year.”
Bill | 2008-09-26 |
| Drummond Brodeur | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold in the Asian markets: Thinks gold will be a defensive holding through the current crisis. Asia has increasing concerns about the future stance of the US$. How much money is going to have to be printed and will that bail out the strength of the US$ going forward. Once we are through this crisis, they have to monetize the debt, which tends to be inflationary. Asia is a massive holder of US treasuries. Chinese continue to support US treasuries. | 2008-09-26 |
| Drummond Brodeur | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Asian/Pacific stocks: looking for more downside but valuations are getting to be quite attractive. Feels this is a part of the world where you want to be. Needs to see less savings and more spending in Asia and more savings and less spending in the US to correct the imbalances. Will make Asia/Pacific an attractive place to be in the next 3 to 4 years. Next 6 months you will have a chance to buy when people start to panic out of them. | 2008-09-26 |
| Drummond Brodeur | Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | India's Banking Industry: Cautious on the short-term. Had a huge economic run. Increased growth by clearing out some bottlenecks but also saw a massive inflow of foreign capital. This capital is starting to leave. India runs a small current account deficit so they have to attract funds from overseas. Have higher inflation than most of the emerging markets. Has a tough 12 months ahead of it. | 2008-09-26 |
| Drummond Brodeur | PAST TOP PICK | iShares FTSE/China 25 | FXI-N | 36.150 | (A Top Pick July 24/07. Down 21%.) This was a way to get into Asia in a diversified way. If you want an ETF into China this is a pretty good entry point if you feel China will grow. | 2008-09-26 |
| Drummond Brodeur | WAIT | Claymore BRIC E.T.F. | CBQ-T | 28.300 | Hasn't looked at this one but presumes it will mirror the performance of the BRIC countries. You are going to get a chance to get this at lower levels in the next 3 months. Ultimately, the BRIC (Brazil, Russia, India and China) particularly led by China and Brazil, are going to continue to be the driving force for the global economy. | 2008-09-26 |
| Drummond Brodeur | TOP PICK | Nintendo Company Ltd. | NTDOY.PK-OTC | 0.000 | Wii games/products. A company that has redefined what the game space is all about. Trading at about only 14X earnings. 5% dividend yield. Hugely defensive and in a very strong space in the product development cycle. | 2008-09-26 |
| David Cockfield | TOP PICK | Trinidad Drilling | TDG-T | 9.980 | Drilling and servicing companies have taken a beating but are having a very good year so far. This one has moved half of its rigs into the US. More than half of their revenue will be coming from the US. New fleet of drilling rigs. 6% yield. | 2008-09-26 |
| Drummond Brodeur | PAST TOP PICK | Suntech Power Holdings Co. Ltd. | STP-N | 38.480 | (A Top Pick July 24/07. Up 24%.) Bullish on the solar sector. When you look at the energy demand that is coming out of China and emerging markets there is no way this can be provided on a carbon-based system. One of the largest in the space and lowest cost operator. Good buy below $40. | 2008-09-26 |
| Drummond Brodeur | DON'T BUY | Aluminum Corporation of China | ACH-N | 16.620 | He is quite concerned about aluminium. There is still a significant oversupply globally. This company also has cost increases coming up, increasing pressure on their margins. | 2008-09-26 |
| Drummond Brodeur | TOP PICK | Li & Fung Ltd. | 494 HK | 0.000 | (Hong Kong exchange.) Worlds largest sourcing company and one of the best-managed companies in Asia. Supply a thought of the private label goods for JCPenney, Kroger, etc. Traditionally whenever there is a slowdown in the economy of the Europe and US, outsourcing increases. Trading at about 16X earnings. Strong balance sheet and 4% dividend yield. | 2008-09-26 |
| Drummond Brodeur | TOP PICK | Digi.com BHD | DIGI MK | 0.000 | (Malaysia exchange.) Cellular-based company. 10% earnings growth. Have huge net cash on the balance sheet and management has said they don't want cash on the balance sheet and it should be returned to shareholders. 6% dividend yield plus a special dividend each year. Expects to continue to get a 10% yield each year. | 2008-09-26 |
| Drummond Brodeur | HOLD | CLP Holdings | 002 HK | 0.000 | Utilities have been great stocks to hold in this environment. Well positioned in Hong Kong but hard for them to gain any traction in China. A defensive holding to hang onto. As things start to improve and stabilize you will have better prospects elsewhere. Yield of about 4%. | 2008-09-26 |
| Drummond Brodeur | BUY on WEAKNESS | Hang Lung | 101 HK | 0.000 | (Hong Kong exchange) Property company in Hong Kong. Has been a residential property developer for many years and has been moving into commercial. Have developed a number of class a commercial properties in China. Earnings stream is starting to look quite attractive. Right now attitudes on the property market in Hong Kong are souring quite quickly. Has a little more to run on the downside. | 2008-09-26 |
| Robert Floyd | HOLD | Aurelian Resources Inc | ARU-T | 5.860 | (Market Call Minute.) Being acquired by Kinross (K-T). (See Top Picks.) | 2008-09-25 |
| Robert Floyd | BUY | Bombardier Inc (B) | BBD.B-T | 6.070 | (Market Call Minute.) Really like it at this point. Just announced a $1.45 billion order. | 2008-09-25 |
| Robert Floyd | DON'T BUY | Breakwater Resources | BWR-T | 0.245 | (Market Call Minute.) Basically involved in zinc. We preferred the bigger players at this stage of the game. | 2008-09-25 |
| Robert Floyd | PAST TOP PICK | CAE Inc | CAE-T | 9.650 | (A Top Pick Sept 14/07. Down 25%.) Numbers coming out are still very strong. Have done a very good job of diversifying their asset base. Investors are knocking down the PE ratios of all these companies because of the general weakness in the international environment. A Buy at this price. | 2008-09-25 |
| Joseph Schachter | HOLD | Canadian Superior Energy Inc | SNG-T | 3.030 | Have had 2 fabulous discoveries in Trinidad. British Gas is their partner and potentially could take them out. Drilling the 3rd well. Once they have the news of all 3 plays, he thinks there will be a shareholder maximization process. | 2008-09-25 |
| Robert Floyd | TOP PICK | Com Dev International Ltd. | CDV-T | 3.400 | 3rd quarter was a tremendous number. Over $51 million in revenues. Margins are improving and backlog is increasing substantially. Acquired L3 Communications and just announced a new $1.8 million order, which will move into an $18 million plus order over the next number of months. | 2008-09-25 |
| Robert Floyd | BUY | Goldcorp Inc | G-T | 35.600 | This can benefit through the stronger gold prices. Decent producer and low-cost. | 2008-09-25 |
| Robert Floyd | STRONG BUY | Hudbay Minerals Inc. | HBM-T | 7.360 | Have a lot of cash on the balance sheet. Thinks the stock got knocked down unnecessarily. Tremendous value at this point. | 2008-09-25 |
| Joseph Schachter | HOLD | Husky Energy | HSE-T | 47.400 | Starting to rebound. Has the ability to go to all-time highs. Well managed. Tremendous assets off East Coast Canada. | 2008-09-25 |
| Robert Floyd | TOP PICK | Kinross Gold | K-T | 17.050 | (A Top Pick Sept 14/07. Up 27%.) Very interesting strategic acquisition of Aurelian Resources (ARU-T) and thinks Ecuadorian political issues will be resolved. Should end up with a fabulous play. Strong management. | 2008-09-25 |
| Robert Floyd | BUY | MDS Inc | MDS-T | 12.730 | Have been going through a restructuring program. Some problems with their nuclear division in terms of supply. Interesting entry point. | 2008-09-25 |
| Joseph Schachter | HOLD | Solana Resources Ltd. | SOR-X | 4.050 | In a merger process with Gran Tierra (GTE-T) who is the operator of the main asset of the Costayaco play in Colombia. If you own, tender to the offer. This will allow them to work together in Colombia, Argentina and Peru. Fabulous story. | 2008-09-25 |
| Joseph Schachter | TOP PICK | Niko Resources | NKO-T | 65.100 | Offshore India. Had a very big discovery with Reliant Energy (RRI-N). Ramping up their oil play from 4000 BOE's to about 40,000 over the next few months. Later this year they will bring on the gas of about 2.8 BCF growth, 280 million net to this company. Will also be drilling high impact plays offshore East Coast India. | 2008-09-25 |
| Joseph Schachter | TOP PICK | Oilexco Inc | OIL-T | 11.700 | In the UK North Sea. Made a lot of great discoveries and bringing them on in the next couple of years. Well-financed. 2 semi submersible rigs that are working full-time. Doing about mid-20s right now and will be bringing on about 10,000 and will get to the 40,000s by the end of next year. Can see them getting into the 70,000/80,000 the following year. | 2008-09-25 |
| Robert Floyd | HOLD | Petro-Canada | PCA-T | 37.250 | Somewhat attractive at this price. Costs on their oil sands project are escalating dramatically. A great deal of the negative news has already been discounted in the share price. | 2008-09-25 |
| Robert Floyd | Comment | Potash Corp of Saskatchewan | POT-T | 163.330 | Prefers Agrium (AGU-T) because of their union strike scenario. Numbers are going to be weaker than people are recognizing. Until they settle with their unions and get back to business, they are in the penalty box. | 2008-09-25 |
| Robert Floyd | HOLD | Falcon Oil & Gas | FO-X | 0.580 | (Market Call Minute.) Have an interesting prospect. Trying to diversify their asset base. Speculative. | 2008-09-25 |
| Robert Floyd | HOLD | Uranium One Inc. | UUU-T | 3.430 | (Market Call Minute.) Looking for more of an uptick in the price of uranium. | 2008-09-25 |
| Robert Floyd | DON'T BUY | UTS Energy | UTS-T | 1.740 | Fairly early along in the oil sands. Partners Petro Canada (PCA-T) and Teck Cominco (TCK.B-T) are seeing substantial price increases to bring heavy oil on. Feels they should have sold off more of the asset base and refocused the company. Company of this size is going to have a great deal of difficulty raising the cash. | 2008-09-25 |
| Joseph Schachter | HOLD | UTS Energy | UTS-T | 1.740 | Correction in the price of oil has hurt all of these companies, especially the companies that are not in production. Costs have been skyrocketing. Feels this is a warrant for higher oil prices. If you own, wait for the price of oil to go up before selling. | 2008-09-25 |
| Robert Floyd | Comment | A Comment -- Gen |
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