Stock Market Analysis

Long ago, I promised myself I would never succumb to consumer mania and brave cold Canadian winter nights in front of a store to buy the hottest toy of the holiday season. However, some three or four months before Nintendo's "Wii" released last year, my son started showing…

For some reasons, Canadian financial firms -- that is, banks, brokerages, and mutual funds -- seem reluctant to venture outside our borders, which could turn into a serious problem as domestic investment opportunities gradually taper off in the coming years. This is rather strange, considering that the mining,…

We were just talking about solar energy stocks in this column. The other day, the entire group moved sharply higher as several companies announced big deals to expand their production. I'm absolutely positive that the current interest in solar energy stocks is only the beginning of an enormous…

Nothing is more satisfying than finding a quiet sleeper stock that takes off after institutional investors find out about the story. ICO Inc. (NASDAQ/ICOC) is a great example of a recent sleeper stock success story. For one thing, the company's name isn't that inspiring, and not too many…

Although it will take some time before all the numbers are finally tallied, analysts are almost unanimous in expecting one of the weakest quarters in the past five years. According to most estimates, the S&P/TSX 60 Index is expected to grow a meager 4.5% during the second quarter.…

Sometimes, right before your eyes, a great investment theme develops. In hindsight, you might look back and wonder why you didn't get in on the action at the very beginning. In the middle of 2005, alternative energy stocks finally began to generate interest from investors on Wall Street.…

A couple of days ago I read an interview with Frank Giustra, one of Canada's few true mining tycoons. Among other things, Giustra answered questions regarding the "hollowing out" of Canada's corporate landscape, commenting that there is little merit to the thesis, and that foreign ownership may not…

The June 28 U.S. Federal Open Market Committee meeting ended again with no change in the benchmark interest rate of 5.25%, and was accompanied by yet another ambiguous statement on future changes in monetary policy. The FOMC noted that the economy seems likely to continue to expand at…

The wait is over, and we now know that the Ontario Teachers’ Pension Plan, which is also Bell Canada Enterprises Inc.’s (BCE) major shareholder, has won the bid for Canada’s battered telecom. This was the easy part of sorts. Moving forward, it will be anything but! In all…

The outlook is looking better for video rental company Blockbuster, Inc. (NASDAQ/BBI) as it battles a rising trend in online rentals, specifically from market leader Netflix, Inc. (NASDAQ/NFLX). Blockbuster, the country's number-one renter of movies, has focused more on the online DVD business. At this time, Blockbuster has…

It is easy to define profitable investing. It simply means finding profitable companies. Defining further profitable companies is also easy, but actually finding such companies is the tricky part of the process. So, let's start with the easy part -- what defines a profitable company? In our little…

My dad is a creature of habit. He stuck to his tailor for years, even after the old man lost most of his eyesight. He always dressed up for dinner and expected the same from his offspring, which was okay with me until I was about eight. He…

Since its IPO debut on August 19, 2004, the shares of Internet advertising firm Google Incorporated (NASDAQ/GOOG) have been one of the hottest stocks. Trading at around $100.00 at its debut, Google has surged fourfold and is trading at over $500.00 a share with an astounding market cap…

In my last PROFIT CONFIDENTIAL article, I touched on the vast subject of market efficiency. Here are a few more salient points that investors could use when buying and selling stocks. As I mentioned last time, there are three forms of market efficiency: weak, semi-strong, and strong. The…

Last week, BCE, Inc. finally put the "For Sale" sign in its window. At the moment, there are two serious bidding groups at the table, both interested in privatizing Canada's biggest telecom company. The way things look right now, aside from a few speculators, overall Canada only stands…

Over the years, I've found that it pays to stick with great companies. Finding them is difficult, but when you do, they can make as much or more than trading stocks for a living. One company that I've always admired is Daktronics Inc. (NASDAQ/DAKT). This company builds the…

I'm putting up for discussion an old adage this week: "If you can't beat 'em, join 'em." Within the context of energy supply, or rather the lack thereof, the adage could become: "If you can't have it, find an alternative." As of late, many "have been" politicians, such…

Bay Street income trust analysts are having a tough time with Federal Finance Minister Jim Flaherty. Apparently, our fearless financial leader is using the Access to Information Act as a shield against having to release key data used to calculate how much income trusts are costing Ottawa in…

One of my favorite companies continues to distinguish itself as an excellent business operator, as well as a solid wealth creator on the stock market. Back in May, I wrote about a small information technology company called Perficient (NASDAQ/PRFT). This company sells information technology consulting services to large-…

Since Royal Dutch Shell put forward its $7.7 billion bid for the remainder of outstanding shares of Shell Canada, oil sands in Alberta could again become the target of potentially very intense international takeover rush. Next could be Syncryde Canada Ltd., which is majority owned by Canadian Oil…