Recent Opinions

Date	Signal	Company	Expert	Opinion	Price
2013-05-22	N/A	A Comment -- General Comments From an Expert A Commentary	John Wilson	Markets. You have to be careful when the market has been up 80% of the last number of days. There is no weakness to buy on. You have to chase the market higher. He has not been selling either. It is harder and harder to know what the risk is. A lot of Canada is determined by global growth. He is not seeing a lot of growth in the short term. He finds good things to buy in Canada. There is even some things to buy today. We may not get a correction for 4 or 5 months. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: _N/A
2013-05-22	BUY	A Comment -- General Comments From an Expert A Commentary	John Wilson	Banks. Looks at tech analysis but it is not a key platform. Based on fundamentals. Does not own any Canadian banks. US regional banks have more leverage to US economy improving. He believes Canadian housing has peaked. Prefers West coast US Banks. He is buying some today. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: Yes
2013-05-22	N/A	A Comment -- General Comments From an Expert A Commentary	John Stephenson	Markets. 23% of junior mining companies on the TSX would run out of cash in 3 months or less. Private equity is starting to move into this however. Private equity has a 5 year time horizon. It is an interesting development. It is interesting that so many are looking at the resource space. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: _N/A
2013-05-22	N/A	A Comment -- General Comments From an Expert A Commentary	John Stephenson	23% of mining companies on venture exchange of 3 months or less of cash. There are 8-9 hundred companies in platinum, silver and gold on TSX Venture. Not all of those companies all scrambling for the same investor dollar are going to make it. With juniors you have financing risk, commodity risk, and management risk. Thinks in the next few years 50% of them will be gone. / Be the first to comment Tweet finance	Price: $0.020 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: _N/A
2013-05-22	SELL	Barrick Gold ABX-T	John Wilson	(Market Call Minute) He is short. A lot of compression in cash flows. / Be the first to comment Tweet finance	Price: $20.210 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: Yes
2013-05-22	PARTIAL SELL	Algonquin Power & Utilities Corp AQN-T	John Stephenson	He thinks it has had its run. He is selling down because it is now just purely a dividend story. / Be the first to comment Tweet finance	Price: $8.080 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: Yes
2013-05-22	BUY	Alimentation Couche-Tard (A) ATD.A-T	John Wilson	(Market Call Minute) Likes it a lot. Great integration in Europe. / Be the first to comment Tweet finance	Price: $61.400 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: Yes
2013-05-22	BUY	Bank of America BAC-N	John Wilson	(Market Call Minute) Doubled in last year. Cheap, but litigation risk. But it could do well. / Be the first to comment Tweet finance	Price: $13.310 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: No
2013-05-22	BUY	Bank of America BAC-N	John Stephenson	(Market Call Minute) It’s cheap. Harder to analyze so not his top pick. / Be the first to comment Tweet finance	Price: $13.310 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: Yes
2013-05-22	DON'T BUY	BlackBerry BB-T	John Wilson	Uncertainty level is far too high. You have to be prepared to trade it fairly actively. Thinks they will never return to the old form of relevance. / Be the first to comment Tweet finance	Price: $15.010 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: No
2013-05-22	BUY	Blackstone Group LP BX-N	John Stephenson	(Market Call Minute) Thinks it will do really well. You want to be in a name like this. / Be the first to comment Tweet finance	Price: $22.380 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: Unknown
2013-05-22	TOP PICK	CitiGroup C-N	John Stephenson	This is the industry that lead us into the 07/08 crisis. Now the company is transitioned into a retail machine and 65% of earnings come from outside US. Deferred tax asset. It is low risk. / Be the first to comment Tweet finance	Price: $51.000 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: Yes
2013-05-22	BUY	Celestica Inc CLS-T	John Wilson	(Market Call Minute) Great cash flow and a catalyst in the next 3 to 4 months. / Be the first to comment Tweet finance	Price: $9.350 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: No
2013-05-22	TOP PICK	Cisco CSCO-Q	John Wilson	Got into it last summer. Story has played out as he had hoped. 70% market share in core business. Really well managed company. / Be the first to comment Tweet finance	Price: $23.340 Subject: NORTH AMERICAN - LARGE Bias: SELECTIVE Owned: Yes
2013-05-22	PAST TOP PICK	Cenovus Energy CVE-T	John Stephenson	(Top Pick Apr 10/12, Down 14.03%) Over time is one of the better quality energy companies out there, but energy is weak right now because global growth is weak. There is no reason to be there right now. Wait until industrial economy is picking up in the US and China. / Be the first to comment Tweet finance	Price: $31.040 Subject: NORTH AMERICAN - RESOURCE Bias: BULLISH on RESOURCES Owned: No