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Posted by: Pat McKeough
China Investment Corp. (CIC) continues to catch investors’ attention by making a number of big purchases in the resource sector, including crude oil stocks. CIC is the Chinese government’s “sovereign wealth fund.”
Sovereign wealth funds have been around since the 1950s. They are state-owned investment funds that are usually financed by an economic surplus. Many Middle Eastern sovereign wealth funds, …read more »
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Posted by: Pat McKeough
Some investors follow a “sector rotation” approach to investing. That’s when you try to hop from sector to sector, underweighting or overweighting your holdings in certain sectors of the stock market depending on a forecast of the stage of the economic cycle, or other factors.
This approach can work in any one year, say. However, it’s difficult if not impossible to …read more »
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Posted by: Pat McKeough
The results are in and they couldn’t be clearer: The Successful Investor is Canada’s top investment advisory.
That’s according to a recent analysis by the U.S.-based Hulbert Financial Digest, which is generally thought of as the bible of investment newsletter performance measurement.
According to Hulbert, The Successful Investor outperformed all other Canadian newsletters over the past 5 years — and ranked …read more »
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Posted by: Pat McKeough
In December, Nissan Motor Co. (symbol NSANY on Nasdaq) will ship the Nissan LEAF to selected U.S. dealers. The company aims to begin selling the car nationwide in 2011.
The Nissan LEAF is the first electric car to be widely sold in the U.S. So far, 115,000 customers have paid a $99 reservation fee for the new car. The company …read more »
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Posted by: Pat McKeough
FORTRESS PAPER $23.45 (Toronto symbol FTP; SI Rating: Extra Risk) (1-888-820-3888; www.fortresspaper.com; Shares outstanding: 10.2 million; Market cap: $240.0 million; No dividends paid) is a Canadian specialty paper producer. Fortress has plants in Germany and Switzerland.
The company gets 62% of its sales by making high-quality wallpaper-base products, as well as high-grade graphic papers and other specialty papers. The remaining 38% …read more »
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Posted by: Pat McKeough
BREAKWATER RESOURCES $0.39 (Toronto symbol BWR; SI Rating: Speculative) (416-363-4798; www.breakwater.ca; Shares outstanding: 700.8 million; Market cap: $273.3 million; No dividends paid) is a Canadian-based mining company that mainly produces zinc. Breakwater has mines in Canada, Chile and Honduras.
The company earned $0.01 a share in the three months ended December 31, 2009. A year earlier, it lost $0.12 a share. …read more »
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Posted by: Pat McKeough
STORNOWAY DIAMOND CORP. $0.66 (Toronto symbol SWY; SI Rating: Start-up) (888-338-2200; www.stornowaydiamonds.com; Shares outstanding: 288.4 million; Market cap: $189.4 million; No dividends paid) has revealed an updated preliminary economic assessment of its 50%-owned Renard diamond project in Quebec. This new study predicts Renard could be nearly twice as profitable as expected.
Stornoway now envisions a bigger mine at the site. This …read more »
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Posted by: Pat McKeough
BIRCHCLIFF ENERGY $9.00 (Toronto symbol BIR; SI Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Units outstanding: 124.1 million; Market cap: $1.1 billion: No dividends paid) trades at a high multiple to cash flow because investors expect its production to rise as much as 40% over the next year or so. That would substantially boost cash flow.
Birchcliff develops, produces and explores for oil and …read more »
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Posted by: Pat McKeough
COMPUTER MODELLING GROUP $18.77 (Toronto symbol CMG; SI Rating: Speculative) (403-531-1300; www.cmgroup.com; Shares outstanding: 17.7 million; Market cap: $332.2 million; Dividend yield: 3.8%) sells software to clients in the oil and gas industry. It also provides consulting services. Computer Modelling’s software helps companies use advanced oil-and-gas recovery techniques to raise output from their existing wells. It has over 360 customers …read more »
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Posted by: Pat McKeough
ALIMENTATION COUCHE-TARD $18.47 (Toronto symbol ATD.B: SI Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 183.6 million; Market cap: $3.4 billion; Dividend yield: 0.9%) has launched a $1.9-billion hostile takeover bid for Casey’s General Stores (symbol CASY on Nasdaq).
Casey’s owns 1,507 convenience stores in the U.S. Midwest. The stores offer a wide variety of food and non-food merchandise, as well as …read more »
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