Steve Carlin is a portfolio manager at KBSH Capital Management. Today we look at the Knight Bain Pure Canadian Equity Fund.
TOP FIVE HOLDINGS
Teck Cominco Ltd.4.43
Oilexco (OIL-TSX) $16.98
Mr. Carlin believes Oilexco will probably triple production between this year and 2009. He likes the growth profile for the company. Mr. Carlin believes next year Oilexco will begin generating free cash flow.
Bombardier (BBD.B-TSX) $5.48
"One of the most penalized [companies] from the Canadian dollar perspective," Mr. Carlin believes Bombardier will continue to "fight headwinds," which he believes is more than reflected in the stock price. He is confident in the aerospace business.
Research In Motion (RIM-TSX) $114.99
Mr. Carlin believes RIM will continue to outperform relative to expectations. He believes RIM's new products and new prospects are dominant and says "this is a core name you need to own." He estimates earnings will grow at about 70 per cent year over year between 2007 and 2008.
PAST PICKS: NOV. 8, 2006
Then: $33.73 Now: $48
Then: $30.75 Now: $31.20
Suncor Energy (SU-TSX)
Then: $89.99 Now: $102.75
Mr. Carlin believes the market will be choppy over the ensuing three to four months as it grapples with conflicting economic data and U.S. Federal Reserve policy.
© 2007 The Globe and Mail. All rights reserved.
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