In 2011, we had a reasonably good year compared to the overall stock market. Our average Buy or higher rated stock was up 0.3%. The Toronto stock index was down 11% and the S&P 500 was flat at 0.0%.
| Group | Rating to start 2011 | Price Increase | Our Performance | ||
| Average of 3 strong buys | Strong Buy | -5.2% | bad | ||
| Average of 17 buys | Buy | 1.2% | good | ||
| Average for all 20 buys and strong buys | 0.3% | ||||
| Average of 7 weak buys | Weak Buy | -1.6% | bad | ||
| Average of 1 weak sells | Weak Sell | -10.2% | good | ||
| Average for all 8 Neutral ratings (weak buy or weak sell) | -2.7% | ||||
| Average of 1 Sells | Sell | -1.3% | |||
| Rated As – Strong Buy at January 1, 2011 | |||||
| Name | Beginning 2011 Price | Starting Rating | End 2011 Price | Price Increase | Our Performance |
| Microsoft (MSFT, NASDAQ) | 27.91 | Strong Buy | 25.96 | -7% | bad |
| Shaw Communications Inc. (SJR.b, Toronto SJR, New York) | 21.35 | (lower) Strong Buy | 20.25 | -5% | bad |
| Canadian Tire (CTC.a, TO) | 68.19 | (lower) Strong Buy | 65.90 | -3% | bad |
| Average Strong buy | Strong buy | -5.2% | bad | ||
| 3 | |||||
| Rated As – Buy | |||||
| Name | Beginning 2011 Price | Rating to start 2011 | End 2011 Price | Price Increase | Our Performance |
| Wal-Mart (WMT, New York) | 53.93 | (Higher) Buy | 59.76 | 11% | good |
| Canadian Western Bank (CWB, Toronto) | 28.36 | (higher) Buy |
25.80 | -9% | bad |
| Stantec Inc. (STN, Toronto) | 27.73 | (higher) Buy | 27.57 | -1% | bad |
| TMX Group (X, Toronto) | 36.96 | Speculative (higher) Buy |
41.69 | 13% | good |
| Wells Fargo (WFC, United States) | 30.99 | Speculative (higher) Buy |
27.56 | -11% | bad |
| Telus non-voting (T.A, Toronto TU, New York) | 43.25 | Buy | 54.64 | 26% | verygood |
| Alimentation Couche-Tard Inc., ATD.B | 27.06 | Buy | 31.70 | 17% | good |
| Walgreen (WAG, New York) | 38.96 | Buy | 33.06 | -15% | bad |
| FirstService Preferred (FSV.PR.U, Toronto) | 24.65 | Buy | 24.76 | 0% | good |
| VISA (V) | 70.38 | Buy | 101.53 | 44% | very good |
| Canadian National Railway Company (CNR, Toronto CNI, New York) | 66.35 | Buy | 80.15 | 21% | very good |
| Staples (SPLS), NASDAQ | 22.77 | Buy | 13.89 | -39% | very poor |
| Berkshire Hathaway Inc. (BRKB, New York) | 80.11 | Buy | 76.30 | -5% | bad |
| Bombardier Series 4 Preferred Shares (BBD.PR.C, Toronto) | 23.56 | Buy | 23.00 | -2% | bad |
| MELCOR DEVELOPMENTS LTD. (MRD, Toronto) | 14.85 | Speculative Buy | 13.17 | -11% | bad |
| Reitmans (RET.A, TO) | 18.66 | (lower) Buy | 14.82 | -21% | very poor |
| Boston Pizza Royalties Income Fund (BPF.un, Toronto) | 13.90 | Speculative (lower) Buy | 14.19 | 2% | good |
| Average Buy | Buy | 1% | good | ||
| 17 | |||||
| Rated As Weak Buy | |||||
| Name | Beginning 2011 Price | Rating to start 2011 | End 2011 Price | Price Increase | Our Performance |
| FIRSTSERVICE CORPORATION (FSV, Toronto) (FSRV, NASDAQ) | 30.18 | Weak Buy/ Hold Buy | 26.49 | -12% | bad |
| eBay (eBay, NASDAQ) | 27.83 | Weak Buy / Hold | 30.33 | 9% | good |
| Tim Hortons (THI, Toronto and New York) | 41.10 | Weak Buy / Hold | 49.36 | 20% | very good |
| Costco (COST, N) | 72.21 | Weak Buy |
83.32 | 15% | good |
| Bombardier (BBD.B, Toronto) | 5.01 | Weak Buy / Hold |
4.06 | -19% | bad |
| Groupe Aeroplan (AER, Toronto) | 13.67 | Speculative Weak Buy | 11.94 | -13% | bad |
| Canadian Oil Sands Limited (COS, T) | 26.45 | Weak buy / Hold | 23.25 | -12% | bad |
| Average of 7 Weak Buys | Weak Buy | -1.6% | bad | ||
| Rated As – Weak Sell | |||||
| Name | Beginning 2011 Price | Rating to start 2011 | End 2011 Price | Price Increase | Our Performance |
| FedEx (FDX,NY) | 93.01 | Weak Sell / Hold | 83.51 | -10% | good |
| Average of 1 Weak Sell | Weak Sell | -10.2% | good | ||
| Rated As – Sell | |||||
| Name | Beginning 2011 Price | Rating to start 2011 | End 2011 Price | Price Increase | Our Performance |
| bad | |||||
| Canadian Western Bank Preferred Shares (CWB.PR.A, Toronto) | 27.71 | Sell | 27.35 | -1% | good |
| Average of 1 Sell | Sell | -1% | |||
DISCLAIMER: All stock ratings presented are “generic” in nature and do not take into account the unique circumstances and risk tolerance of any individual. The information presented is not a recommendation for any individual to buy or sell any security. The authors are not registered investment advisors and the information presented is not to be considered investment advice to any individual. The reader should consult a registered investment advisor or registered dealer prior to making any investment decision. For ease of writing style the newsletter and articles are often written in the first person. But, legally speaking, all information and opinions are provided by InvestorsFriend Inc. and not by the authors as individuals. The author(s) of this report may have a position, as disclosed in each report. The authors’ positions may subsequently change without notice.
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