Ahh, the red book from Nesbitt. Surprising how often they hit their targets, which is why it is one of the most lauded books in Canada. Very good news to see they are rating NT a 4. The previous issue did not give it a rating due to the merger I had thought. Anyway, further to this:
The Globe and Mail reports in its Friday, Sept. 25, 1998 edition that at the annual
forecast dinner for the Toronto Society of Financial Analysts, ScotiaMcLeod
technology analyst Cheryl Nesbitt named her favorite picks for the coming year,
leaning heavily toward computer networking companies. The Globe's Andrew
Willis writes that Ms. Nesbitt called for a 61 per cent rise in ATI Technologies
over the next 12 months, a 54 per cent advance in Architel Systems, a 35 per cent
move north in C-Mac Industries, a 75 per cent leap in CGI Group, a 72 per cent
jump by Mitel and a 50 per cent move forward by Northern Telecom. RBC
Dominion Securities chief economist Paul Summerville predicted a sharp, one
percentage-point fall in short-term U.S. interest rates. He says he expects the U.S.
to be in a recession by the end of 1999, accompanied by Canada, because North
American consumers are levered to a falling stock market and companies have
hired and invested for an economy that does not exist.
Don't like the sounds of that last statement, and there is a good case to argue both sides of the recession issue.
The above article came from canadastockwatch.
Should be a good week. |
