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BNN MARKET CALL: ALEX RUUS

BNN-Business News Network

Alex Ruus is a vice-president and portfolio manager with Northern Rivers Capital Management. Today we look at Northern Rivers Conservative Growth LP.

Fund stats

Total assets$14.8-million

MER2.48%

Globe 5-star rating

Performance

FundGroupS&P/TSX tot. return
6 mos.-8.33%-2.83-1.42
1 year15.437.5210.01
2 years27.8412.4515.19

CURRENT PICKS

ZCL Composites (ZCL-TSX)

$9.63

Mr. Ruus continues to endorse ZCL Composites as the first of his top picks. He believes the company has a "competitive, sustainable advantage and that upside potential has yet to be fully realized."

WestJet Airlines (WJA-TSX)

$22.20

Mr. Ruus believes this to be the "best airline in North America." Not having reached its potential, aggressively paying down debt, it remains a top pick.

Bank of America (BAC-NYSE)

$43.05 (U.S.)

This big U.S. bank is what Mr. Ruus calls a "steady Eddy" with solid management. He sees BOA as "the cheapest large-cap North American bank play."

PAST PICKS: NOV. 22, 2006

ZCL Composites (ZCL-TSX)

Then: $9.50 Now: $9.63

Up: 1.4%

WestJet Airlines (WJA-TSX)

Then: $13.70 Now: $22.20

Up: 62%

Bank of America (BAC-NYSE)

Then: $54.63 (U.S.) Now: $43.05

Down: 21.2%

OUTLOOK

Mr. Ruus believes the general stock market should generate mildly positive returns in the short term and that good valuations in the market are offsetting a weakening economy. He says "we have a very bullish outlook as there are many very undervalued opportunities in the market that we have bought for the Northern Rivers funds."

BNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT. To send a question to upcoming guests, e-mail marketcall@bnn.ca.

© 2007 The Globe and Mail. All rights reserved.

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