Marcos, Kasha,
I think you're right about Desjardins' (DJN.A) political risk, did you see NA on the MSE today? It touched 14.60! It might be about time to pick up the puts. The July 15 puts are currently asking about .80, not too bad. The 14s are about .25 I beleive. SMS (Surrey Metro Savings for the benefit of Kasha) is an excellent company based in Vancouver, they've done extremely well alongside the rest of the sector over the past year. The PE is indeed pretty darn good, it should at least hold its ground over the next while due to its low profile.
Here's a bit of a technical question, how do you create an HTML link in your posts? I've often tried but have never spent the time to figure out how. I use Internet Explorer but am also very familiar with Netscape. Thanks for any assistance.
Kasha, with regards to your email, I never really follow the US airlines, I follow the Canadian 'sector' but that isn't too hard considering there are only two airlines. I do, however, follow the retailers to some degree although only on this side of the border for obvious reasons. Because I'm not a shopper in the US, it would be tough for me to determine who's doing the best job of upgrading stores and adding value in this tough sector.
Wells Fargo, wow. Your puts ought to be doing well already. I'm wondering where the bottom will be. MO also had a nice little sell-off today. For interests sake, check out Canadian networking stock Hummingbird (HUM on TSE, HUMCF on NASDAQ) tomorrow. Earnings seemed to be well below expectations, it sold-off over $2 before closing today.
Marcos, if you're looking for an interesting, low profile Canadian financial, do some research on Kingsway Financial (KFS on TSE), they do high-risk automobile insurance. The stock has done well over the past year, it's thinly traded but one worth following if you follow the financials anyway...
Steve |
