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
Analyst Articles
According to Ottawa-based Informetrica, motor vehicle exports from Canada were worth CAD52.3 billion, almost all of which were to the US, and parts exports were worth CAD35.1 billion in 2007. 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
Reliable, recession-resistant businesses pay yields you can count on. That’s the hallmark of both of this issue’s High Yields of the Month. 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
Canada’s November jobs report proved an unpleasant, though not necessarily unexpected, wakeup call. This morning’s release ended a string of relatively solid (read: not awful) economic indicators. Read More
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
We’re following a simple strategy in The Energy Strategist: buying stocks in beaten-down energy subsectors with strong long-term prospects and buying defensive stocks and preferreds that offer high income potential. Read More