The next session I went to at the Money Show was the talk by Iain Butler of Motley Fool. His talk was called "Investing Foolishly in the Canadian Market". I found him a rather poor speaker. The Motley Fool site is here
The first company he talked about was Sandvine Corp. (TSX-SVC) is a Waterloo-based technology company. The cash flow is over $0.20 a share. He thinks that over the next decade this company could do great. It is a best buy now.
Another company he talked about was The Howard Hughes Corp. (NYSE-HHC). It is a Dallas company building planned communities.
He said the difference in the TSX and the S&P500 is that the TSX has little tech or healthcare and the S&P500 has lots. Another problem with the TSX is that it is mostly resource.
He also likes Finning International (TSX-FTT). He says in good times, this company has cash tied up in dealers' equipment. In bad times, it has more cash on hand because dealers need less stock on hand.
He says that the Motley Fool never looks at target prices. They want to recommend companies that will be worth more in 5 years' time. He also thinks it is worthwhile for Canadians to buy an ETF on the S&P500. The Motley Fool is a big fan of dividend paying stocks. He thinks Sandvine Corp is a great value play. He does not like companies with financial risks.
On my other blog I am today writing about Encana Corp. (TSX-ECA, NYSE-ECA) ... learn more...
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