Any steel company that's not a global player, which none of the Canadian guys are, are suspect of being taken over, or potentially could be taken over. |
Energy stocks will pass their highs. Canada's looking like a shining star. It's got the commodities. |
I think it is psychologically significant. |
I think they're definitely looking for asset management companies in the U.S.. Certainly, they have a shareholder base that's confident of their ability to do a large acquisition without any hiccups. |
I think we're still in a bull market for commodities and the fact that we are pausing or correcting a bit is healthy. |
I use dividends rather than earnings because they more accurately reflect whether a company's board feels good about its business, balance sheet, ability to sustain working capital costs, and its future in general. Earnings tell you nothing about that, and can be manipulated. |
It speaks well not only of the earnings, but also for confidence in the future. Companies do not raise dividends with the expectations of cutting them. |
Now that they've got their footprint in that area, they're starting to build on it. |
People own banks for consistency of results. Dividends keep increasing, that's what the banks are giving investors. |
The Canadian market will be volatile because of its high exposure to commodities. But even at all-time highs it's still worth investing in stocks, because the general outlook is still good. |
The fact is the market went up a lot, and whenever there is a reason to take profits, people will take profits. |
There is more to it than just the natural resources story. If you look at the Canadian economy, it looks very good. |
These commodity stocks, including the base metals, are still below their all-time highs, so I think they will play some catch-up here. |
We were so strong yesterday that I think there is a natural inclination to sell a little bit off. But this is a dip to be bought rather than to be sold into. |