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Compiling comments that experts make about stocks while on public TV.

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Irwin Michael, B.Com, MBA , Portfolio Manager

ABC Funds

Address
c/o I.A. Michael Investment Counsel Ltd.
8 King Street East, Suite 700
Toronto, ON
M5C 1B5

Contact Info
Telephone: 416-365-9696
Toll Free: 1-888-OPEN-ABC
Fax: 416-365-9705
Email:
Website: http://www.abcfunds.com


Date Signal Chart Symbol Company Opinion Price
2013-12-03 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Value is a moving target.  He has to look at a lot more stocks to find one to buy right now.  Not into the banks. Below tangible book, hidden assets, etc. are what he looks for.  People are always looking over their shoulder even though markets have done so well.  Better economic news could be a catalyst.  Better earnings would be helpful.  Lots of M&A.  Weakness would be an indicator to buy.  It’s a trading market and a stock picking market.  Expects Santa Clause rally.  The rotation from bonds into equities is happening.


Price:
$0.020
Subject:
VALUE
Bias:
SELECTIVE
Owned:
_N/A
2013-12-03 BUY on WEAKNESS Must be logged in to use chart CAM-T Canam Group Inc.

Well run.  Involved in steel fabrication.  They stumbled but they turned it around.  He sold and is now out.  Likes management.  He may buy it again if it ever comes down.  A lot of institutions want to see a dividend.


Price:
$12.580
Subject:
VALUE
Bias:
SELECTIVE
Owned:
No
2013-12-03 HOLD Must be logged in to use chart CDV-T Com Dev International Ltd.

He held it for 5 years but trimmed.  Normally he doesn’t buy high tech but he thought it was fundamentally cheap.  They turned around their business.  Management is excellent.  If it is a play company, it will go higher than $5, but the government will be very careful who is allowed to buy into it.


Price:
$4.150
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart CS-T Capstone Mining Corp.

Well run.  New operation has only been going for 6 weeks.  He likes it.  They have moved up from a small cap to more of a mid cap.  It is now 60% American but you buy in Canadian dollars.  Thinks it will go higher and it could be a takeover play.  With Copper, the wild card is China but he is comfortable.


Price:
$2.800
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart EQB-T Equitable Group

Very well run.  He has taken some profits.  Done an excellent job of turning around the company.  Trading above tangible book (1.4 times).  Could be a merger or takeover target.  Have increased their dividend and returned earnings to shareholders.  1.5% dividend. 


Price:
$47.000
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart ESN-T Essential Energy Services Ltd.

Likes it.  Likes management.  Company could be in play and could be a takeover candidate.  Likes the service side of this company.  3.9% dividend.


Price:
$3.090
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart GLW-N Corning Inc

This is a large cap.  He tends to go for smaller.  He bought it and management turned the company around.  He views it as industrial rather than high tech, despite their glass for handhelds.  It might even be in play.  Have about 2000 patents.


Price:
$16.780
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Unknown
2013-12-03 SELL ON STRENGTH Must be logged in to use chart IAE-T Ithaca Energy Inc.

Buy at $2 and sell at $2.75-$3.  The Street loves it.  Trading well below NAV.  It could be in play.  Take a little profit above $2.60.


Price:
$2.580
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart INA-X Iona Energy Inc.

Likes it.  An Irish company  but Canadian in name only.  Company is fundamentally cheap.  Has a NAV of $1.50 he believes.  They have a good spread on the oil price.  Likes management.


Price:
$0.670
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 PAST TOP PICK Must be logged in to use chart KGI-T Kirkland Lake Gold

(Top Pick Nov 16/12, Down 74.10%) Management stumbled several times and stock is in the penalty box.  By end of November, they had a large royalty deal, but they had under delivered.  There has been a management change.  New Management is very capable.  He thinks it is officially cheap.  He is sticking with it.  Nothing wrong with the company.


Price:
$2.640
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 BUY Must be logged in to use chart MIC-T Genworth MI Canada Inc.

There is a new player in the space right now, but he believes the Canadian dollar will improve as well as the economy.  You will see greater employment down the road and this company will benefit.  They have done an excellent job, dividend increase, share buyback.  People expected the Canadian market to collapse.  4.1% dividend.


Price:
$34.120
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Unknown
2013-12-03 DON'T BUY Must be logged in to use chart MRE-T Martinrea

Used to own it.  Likes management and liked what they were doing.  Tangible book value is about $5.75.  he has no intention of going back in until everything about the law suit is settled.  Prefers SUP-N.  He is finding a lot of value in US micro-cap.


Price:
$8.970
Subject:
VALUE
Bias:
SELECTIVE
Owned:
No
2013-12-03 TOP PICK Must be logged in to use chart PLS-T Polaris Minerals Corp.

Debt free.  Hole in the ground in Vancouver.  Export sand and gravel.  Can move from $12/ton to $14 for gravel.  They have shipping agreements.


Price:
$1.750
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 PAST TOP PICK Must be logged in to use chart PRW-T Petrowest Corp

(Top Pick Nov 16/12, Up 41.94%) Well positioned for western Canadian oil and gas services.  If you believe in LNG, they will do well.  Thinks it is fundamentally cheap. 


Price:
$0.880
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-12-03 PAST TOP PICK Must be logged in to use chart S-T Sherritt International Corp.

(Top Pick Nov 16/12, Down 25.74%)  It is a sum of the parts story.  It is the Madagascar project and people are looking at the nickel price.  If it stays down a long time a lot of their competitors will shut down.  Over 5% dividend.  He would like the company to buy back stock. 


Price:
$3.330
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 245 entries
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