Performance in 2003 was truly outstanding with the 7 Strong Buys up an average of 78.8%, and with the 14 Buys up an average of 36.7%. In comparison the TSX was up 24.3% and the DOW was up 25.3% in 2003. The model Portfolio, available to paid subscribers only, was up 36.7% (after trading costs) in 2003.
| Group | Rating to start “2003” | Price Increase | Our Performance | ||
| Average of 7 strong buys | Strong Buy | 78.8% | very good | ||
| Average of 14 buys | Buy | 36.7% | very good | ||
| Average for all 21 buys and strong buys | 50.8% | ||||
| Average of 9 weak buys | Weak Buy | 26% | very good | ||
| Average of 2 weak sells | Weak Sell | 23% | very bad | ||
| Average for all 11 Neutral ratings (weak buy or weak sell) | 25.5% | ||||
| Average of 1 sells | Sell | 32% | very bad | ||
| Average of 0 strong sells | Strong Sell | n.a. | n.a. | ||
| Average for all 1 sells and strong sells | 31.7% | ||||
| Rated As – Strong Buy at January 1, 2003 | |||||
| Name | Beginning 2003 Price | Starting Rating | Ending 2003 price | Price Increase | Our Performance |
| Sino-Forest (TRE.a, Toronto) | 1.17 | Speculative Strong Buy | 5.16 | 341% | very good |
| Stantec Inc. (STN, Toronto) | 16.70 | (lower) Strong Buy | 22.1 | 32% | very good |
| HOME CAPITAL GROUP INC (HCG.b, Toronto) | 14.50 | Speculative Strong Buy | 33.25 | 129% | very good |
| AASTRA TECHNOLOGIES (AAH, Toronto) | 18.80 | Speculative Strong Buy | 17 | -10% | bad |
| A.G.F. Management Limited (AGF.B, Toronto) | 15.50 | Speculative (lower) Strong Buy | 17.5 | 13% | good |
| Manulife Financial (MFC, Toronto) | 34.39 | Strong Buy | 41.85 | 22% | very good |
| MELCOR DEVELOPMENTS LTD. (MRD, Toronto) | 37.50 | Strong Buy | 46.5 | 24% | very good |
| Average Strong buy | Strong buy | 79% | very good | ||
| 7 | |||||
| Rated As – Buy | |||||
| Name | Beginning 2003 Price | Rating to start “2003” | Ending 2003 price | Price Increase | Our Performance |
| TRANSCANADA PIPELINES (TRP, Toronto) | 22.92 | Buy | 27.88 | 22% | very good |
| Canadian National Railway Company (CNR, Toronto) | 65.27 | Buy | 82 | 26% | very good |
| Boardwalk Equities (BEI, Toronto) | 15.18 | Speculative Cautious Buy | 17.92 | 18% | good |
| Canadian Western Bank (CWB, Toronto) | 26.60 | (lower) Buy | 39.33 | 48% | very good |
| Canadian Utilities Limited (CU, TO) | 51.21 | Buy | 57.86 | 13% | good |
| Enbridge inc. (ENB, TO) | 42.61 | (lower) Buy | 53.7 | 26% | very good |
| Transat A.T. Inc. (TRZ, Toronto) | 6.00 | Speculative Buy | 11.1 | 85% | very good |
| Calpine Corporation | 3.26 | Speculative Buy | 4.81 | 48% | very good |
| Silent Witness (SWE, Toronto) | 6.50 | Speculative Buy | 11.27 | 73% | very good |
| THE FORZANI GROUP LTD. (FGL, Toronto) | 20.31 | Speculative (lower) Buy | 16.25 | -20% | bad |
| DALSA CORPORATION (DSA, Toronto) | 18.24 | Speculative Buy | 14.64 | -20% | bad |
| FIRSTSERVICE CORPORATION (FSV, Toronto) (FSRV, NASDAQ) | 16.08 | Buy | 20.94 | 30% | very good |
| STEEPLEJACK INDUSTRIAL GROUP INC. (SID, Toronto) | 1.10 | Buy | 2.66 | 142% | very good |
| Fort Chicago Energy Partners (FCE.u, Toronto) | 8.25 | Buy | 10.2 | 24% | very good |
| Average Buy | Buy | 37% | very good | ||
| 14 | |||||
| Rated As Weak Buy | |||||
| Name | Beginning 2003 Price | Rating to start “2003” | Ending 2003 price | Price Increase | Our Performance |
| QUEBECOR INC CL-A MV (QBR.A, Toronto) | 14.20 | Speculative Weak Buy / Hold | 24 | 69% | very good |
| Precision Drilling (PD, Toronto) | 50.95 | Weak Buy | 56.75 | 11% | good |
| Cognos (CSN, Toronto) | 37.00 | Weak Buy | 39.61 | 7% | good |
| Maple Leaf Foods Inc. (MFI, Toronto) | 10.95 | Weak Buy | 10.5 | -4% | bad |
| Pason Systems Inc. (PSI, Toronto) | 11.95 | Weak Buy / Hold | 25.2 | 111% | very good |
| Thomson Corporation (TOC, Toronto) | 26.88 | Weak Buy/Hold | 35.31 | 31% | very good |
| Duke Energy Corporation (DUK, New York) | 20.09 | Weak Buy/Hold | 20.45 | 2% | good |
| BW Technologies Ltd. (BWT, Toronto) | 21.20 | Weak Buy | 22.6 | 7% | good |
| Floron Food Services Limited (FFS, TSX Venture Exchange) | 1.35 | Weak Buy / Hold | 1.35 | 0% | good |
| Average Weak Buy | Weak Buy | 26% | very good | ||
| 14 | |||||
| Rated As – Weak Sell | |||||
| Name | Beginning 2003 Price | Rating to start “2003” | Ending 2003 price | Price Increase | Our Performance |
| Canadian Tire (CTR.a, TO) | 32.45 | Weak Sell / hold | 39.45 | 22% | very bad |
| Loblaw Companies Limited (L, Toronto) | 53.51 | Weak sell / hold | 66.8 | 25% | very bad |
| Average Weak Sell | Weak Sell | 23% | very bad | ||
| 2 | |||||
| Rated As – Sell | |||||
| Name | Beginning 2003 Price | Rating to start “2003” | Ending 2003 price | Price Increase | Our Performance |
| MULLEN TRANSPORTATION INC. (MTL, Toronto) | 30.00 | Sell | 39.5 | 32% | very bad |
| Average Sell | Sell | 32% | very bad | ||
| 1 | |||||
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