would like to update on some stocks that I posted here in the forum
6-15-2005
posted about two stocks ACE.b $42.53 (air Canada, airline) and DFS (steel) $39.05
both companies were likely going to come out with income trusts. well Ottawa talked about changes and there were other factors and the income trusts for Air Canada were shelved.
DFS announced they were going ahead with their iron ore trust and should bring the company in billion of dollars. (unsure the size of the first issue)
Dofassco is at $57 cdn. because Arcelor SA the second biggest steel maker in the world wants to buy them out $57 a share 4.4 billion cdn (3.75 billion US). in an all cash deal. they want to have a North America presence. and hard to find a better run steel company than dofassco.
have a position, and will continue to hold.....to see how this plays out. shareholders will have a very good/great December :clap:
may go higher. own two steel companies DFS and ipso (talked about ipsco in MR.GIC thread wrote puts, also own a small positon. ) tubular steel stock has also done well from mid $60s then to now $87 cdn.
ipsco trades in the US, dFs does not. would rate ips a hold at $87, would be a buy below $80cdn. (around $75) very volatile. main threat is steel from Asia to ipsco.
ACE.b has lost me money, small positon at $42.53 cdn. now at $35.82.
the income trusts are on hold however investors will get a $300 million div, and the airline is profitable and load factors are excellent.
how many airlines can say that. basically this is a hedge if oil drops like a rock along with my oil portfolio.
7-23-2005
talked about the two railways I own CNR/CNI and CP.
CNR $77.52cdn. is now at $90, CP then $41.39 now at $48.59.
both companies reported great numbers, well CP good, CNR great. CNR/CNI (in the US) also stated they thought earnings good grow by 20% by next year.
would rate both holds, long term buys. however never underestimate the best well run railway in North America CNR/CNI.
CP is cheaper and has been improving operating ratio.
sometimes the market ignores the railways despite good numbers. so on a 5-10% pullback would rate it a buy. has had a good run of late since CNR/CNI reported up almost 10%.
3/4 is not bad, and even believe Air Canada will make money, or at worse counting div, dead money.........
thanks
selkirk
6-15-2005
posted about two stocks ACE.b $42.53 (air Canada, airline) and DFS (steel) $39.05
both companies were likely going to come out with income trusts. well Ottawa talked about changes and there were other factors and the income trusts for Air Canada were shelved.
DFS announced they were going ahead with their iron ore trust and should bring the company in billion of dollars. (unsure the size of the first issue)
Dofassco is at $57 cdn. because Arcelor SA the second biggest steel maker in the world wants to buy them out $57 a share 4.4 billion cdn (3.75 billion US). in an all cash deal. they want to have a North America presence. and hard to find a better run steel company than dofassco.
have a position, and will continue to hold.....to see how this plays out. shareholders will have a very good/great December :clap:
may go higher. own two steel companies DFS and ipso (talked about ipsco in MR.GIC thread wrote puts, also own a small positon. ) tubular steel stock has also done well from mid $60s then to now $87 cdn.
ipsco trades in the US, dFs does not. would rate ips a hold at $87, would be a buy below $80cdn. (around $75) very volatile. main threat is steel from Asia to ipsco.
ACE.b has lost me money, small positon at $42.53 cdn. now at $35.82.
the income trusts are on hold however investors will get a $300 million div, and the airline is profitable and load factors are excellent.
how many airlines can say that. basically this is a hedge if oil drops like a rock along with my oil portfolio.
7-23-2005
talked about the two railways I own CNR/CNI and CP.
CNR $77.52cdn. is now at $90, CP then $41.39 now at $48.59.
both companies reported great numbers, well CP good, CNR great. CNR/CNI (in the US) also stated they thought earnings good grow by 20% by next year.
would rate both holds, long term buys. however never underestimate the best well run railway in North America CNR/CNI.
CP is cheaper and has been improving operating ratio.
sometimes the market ignores the railways despite good numbers. so on a 5-10% pullback would rate it a buy. has had a good run of late since CNR/CNI reported up almost 10%.
3/4 is not bad, and even believe Air Canada will make money, or at worse counting div, dead money.........
thanks
selkirk
