Under-loved under-owned

For GT Blog July 25, 2008

The recent out performance of the US Health & Biotech groups should get the TSX Health Care Index on the move to recovery – note the support at the 34 level on the TSX Health Care Index – look for an initial bounce to 42 followed by a new bull market

This group is currently under-loved and under-owned

Some components:

Company Name Symbol
Biovail Corporation BVF
Cardiome Pharma Corp. COM
CML HealthCare Income Fund CLC.UN
MDS Inc. MDS

Other candidates
Angiotech Pharmaceuticals ANP
Patheon Inc PTI
QLT Inc. QLT

Income Trust Models

According to the Boston Pizza web site:

"Boston Pizza is a progressive company that continually sets industry standards. Our award winning reputation combined with revenues over $647 million dollars and an overall annual growth rate of 21% in 2006, makes us Canada’s Number One Casual Dining Brand."

According to the Keg Royalties web site:

"Vancouver-based Keg Restaurants Ltd. is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States."

The chart below suggests the income trust model is not working

Take me to your Leaders - then again - maybe not

The Perfect Storm

For GT blog July 11, 2008


Finally - an opportunity for the gold bugs to finally be right

The recent bounce in bullion is accompanied by a weaker U.S. dollar and a return of the U.S. 10-year note yield back under the 4% level

Add in this morning’s collapse of the U.S. financial bellwether Fannie Mae (FNM) which will bring renewed crisis and panic back to the U.S. financial complex.

We now have the perfect storm for a SHORT but profitable flight into the gold complex

The gold complex should (finally) be a beneficiary of the current banking and liquidity crisis.




The Perfect Storm for the Gold Bugs

In search of the Bellwthers

In investment lingo a bellwether is a stock that can lead us to safety or lead us to slaughter

The term is derived from the Middle English bellewether and refers to the practice of placing a bell around the neck of a castrated ram (a wether) in order that this animal might lead its flock of sheep.

Two U.S. bellwethers Fannie Mae and General Electric


Important Price Levels