|PAST TOP PICK||$58.800||BULLISH on PRECIOUS METALS||MARKET NEUTRAL INVESTING: SMALL/MID-CAP||Yes|
(A Top Short Dec 29/11. Down 21.83%.) Has been a tremendous success story in that Canadian banks tended to have relatively high lending standards in the past and this company has taken advantage of larger spreads in mortgage lending. If the macro picture in housing deteriorates as he expects, the protection this company has on its balance sheet may be in question.
Chief Investment Officer, Curvature Hedge Strategies