Roger Conrad

Analyst Articles

We’re not out of the woods yet in this market. Stocks of all sectors are washed out, and values abound. But more wild swings are almost certain, as are further dramatic selloffs for stocks--possibly even new lows. The time has rarely been better, however, for finding compelling bargains. You’ve got to be ready for the ups and downs, but the positions you lock in now on great companies will pay off for years to come. Read More

Its advantage is also its disadvantage here: It’s a small company waiting for a couple big decisions. It had structured itself around its two major drug trials years ago, so its burn rate and cash needs are covered through 2010, when one or both drug delivery systems will emerge from safety trials. Read More

Will Santa Claus visit Canada this year? To be sure, the second half of 2008 has thus far been pretty much a lump of coal for investors, just as it’s been in virtually every other market on the planet. But there are some reasons to hope for a better December. Read More

Tight credit markets and weakening global growth sent energy prices and the Canadian dollar plummeting in the second half of 2008. That took a big bite out of Canadian trusts. And even those that continued to post strong growth in cash flows and distributions weren’t spared. My bet for 2009 is we'll see many of those negative factors reverse. Read More

The possibility of further distribution cuts is well priced in for almost every energy and resource trust. There is a group of trusts, however, that’s almost equally beaten down but has far more revenue security--and therefore doesn’t face the risk of distribution cuts if the recession lasts longer than expected: Strong business trusts. Read More

Distribution cuts continued for energy producer trusts last month; that was no real surprise given oil's decline. A couple familiar names are pleasing to Bay Street's eyes, and don't be surprised about tax-loss-driven volatility as year's end approaches. Read More

  • December 4, 2008
  • Alert

Indian technology stock valuations peaked in the first quarter of 2006. At that time, Indian technology stocks were trading at huge premiums to the rest of the region. Current market conditions have brought these stocks down in a hurry, and as a result they’re now trading almost in line with the rest of the sector. Read More