Ciao, JT,
If you want to make a relatively safe play on Alberta, try UI on the TSE. It's real estate (zzzzzz) but incredibly undervalued. Profits rising, revenues rising, asset value rising (near $1.90/share) and yet the company can be had from $1/share. Real estate has yet to have its day in the sun and may be over due. As well, it's too late to buy oil and gas, but UI can connect you into the Alberta economy through their extensive developments in Calgary, Edmonton and resort country. Best of all, the company is sick and tired of the languishing share price and is studying ways to unlock shareholder value, including the sale of the company to take it private again.
You can find out more at www.unitedcommunities.com. By the way, I don't own shares yet, but I'll probably be in by the end of the week.
It seems to me that if we're into a general economic cool down, Alberta's not a bad place to have some $$$ parked. This is one way to do it that's got very little downside and good potential upside.
JT, I didn't get as much out of BEC as you did, but it's a fine little company. I agree that there's probably more there, but you might as well leave some for the next guy.
Anyone have any other prospects out there?
GLTUA,
Marcman |
