Hi KastelCo,
BBD.TO is (IMO), the best long term play in Canada for now.
I've followed them for sometime now, ever since they showed up on a value filter I regularly run against most markets.
They're up the past day or two on speculated good news for Embraer. See elmatador's earlier post here: Message 18776171 .
In all honesty though, I think that as soon as this "war relief rally" is completed, most North American stocks (in particular the "big" companies) will once again head south, this time, well below the prior lows of October and July. My guess is somewhere between 5000 - 6000 on the DJIA, and correspondingly bad on the other major indexes. Therefore, I think that BBD is a good play now only for traders who will establish positions quickly and then sell into any rally after that. Longer term, I think that one might be able to buy BBD as a long term hold somewhere under $4 Canadian. Just an educated guess, but that's how it looks to be shaping up. And remember, I really do like BBD. I think they're well positioned, and diversified within their product lines.
What's your thoughts on PDS (Precision Drilling), the leading Canadian gas driller?
KJC |
