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BNN MARKET CALL: ALEX RUUS

BNN-Business News Network

Alex Ruus is vice-president and portfolio manager at Northern Rivers Capital Management Inc. He is portfolio manager for the Northern Rivers Global Energy Fund LP and the Northern Rivers Conservative Growth Fund LP .

FUND STATS

Total assets $13.4-million.

MER 2%

TOP FIVE HOLDINGS

ZCL Composites 12.3%

Neptune Technologies 9.7%

WestJet 6.9%

Pacific Energy 5.5%

Horizon North Logistics 5.2%

Performance

FundGroupS&P/TSX
3 mos.9.41%2.432.60
6 mos.32.0412.1013.30
1 yr.36.669.5311.42

CURRENT PICKS

ZCL Composites (ZCL-TSX)

$14.95

Mr. Ruus believes the Edmonton-based maker of storage tanks has a "competitive, sustainable advantage and that upside potential has yet to be fully realized."

WestJet Airlines (WJA-TSX)

$16.53

Mr. Ruus believes WestJet, which is aggressively paying down debt, to be the "best airline in North America."

Bank of America (BAC-NYSE)

$51.42 (U.S.)

This big U.S. bank is what Mr. Ruus calls a "steady Eddy" with solid management.

PAST PICKS (Nov. 22, 2006)

ZCL Composites (ZCL-TSX)

Then: $9.50 Now: $14.95

Up: 57.4%

WestJet Airlines (WJA-TSX)

Then: $13.70 Now: $16.53

Up: 20.7%

Bank of America (BAC-NYSE)

Then: $54.63 (U.S.) Now: $51.42

Down: 5.9%

OUTLOOK

Mr. Ruus has a "moderately positive" outlook for the market. Mr. Ruus is bullish on conservative growth, energy, innovation, and monthly income type stocks and believes he is finding more compelling opportunities for investments than the fund has money to deploy.

Maureen Darrigo, BNN

BNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT.

© 2007 The Globe and Mail. All rights reserved.

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