Gildan Activewear - Price Targets

G Gildan Activewear ( GIL on the NYSE and Toronto)
Sterne Agee Group has raised its target price to $40
Desjardins Securities has a $43 target.
The Company is a manufacturer of t- shirts and recently has expanded into socks with the purchase of two U.S. based manufacturers. This allows Gildan increased distribution for its products - socks, underwear, tees ,sweatshirts and a major push into private labels. It will now be one of the largest suppliers to Target and Wal-Mart through the recent purchases. Gildan management has shown itself adept at meeting and beating Asian and other low cost competition. The continues expansion meets its stated desire to become a major force in retail distribution of a full range of products. They are the low cost producer and have , in the past moved high price production off shore to maintain their prices and their customers. The integration of the newly acquired manufacturers should produce cost savings for Gildan.

Earnings per share
2006 Actual $1.03
2007 Estimate $1.28
2008 Estimate $1.89
2009 Estimate $2.26

Price Earnings Ratio
2006 Actual 30.7
2008 Estimate 24.7

taken from the article at http://www.amprogram.com Sept 26

War with Iran

The weekend paper carried a story that had advances on the tensions over Irans' nuclear program:
1 ) Condoleezza Rice apparently has made "peace " with the Vice- President .
Cheney is leading the hawks in the planning and rhetoric. This was an effort to paper over divisions in the white House.
2) Mondays headline in the National Post quotes the French Foreign minister : " Prepare for War With Iran " The story also says France is advising Total and others not to bid on contracts in Iran
3) U.N. will be meeting to press more severe restrictions on Iran The effect on oil will be to keep the political pressure on high prices. If the U.N. agrees to oil sale restrictions against Iran prices will rocket past $100 and if there is a shooting war to destroy Iran’s nuclear facilities ????????

from http://www.amprogram.com Sept 18

Baidu

. Baidu .com - The Chinese version of Google RBC sees favorable trends and a target of $333 a potential 40 % plus gain
Three Year projected earnings per share growth 83% Key Points in the RBC Review 3rd Quarter 2007 tracking well in ad growth 60 % of the Chinese search market -
Leverage from low cost labor Travel and education segments are growing Each month is stronger sequentially than the prior month
Employment level is 5000 and rising - shows management confidence - 70% are in sales and customer service
Revenue 2006 A 105.7 MM 2007 E 231.4 2208 E 436.2 rising to 687 in 2009
Earnings per share ( OP) 2006 A 1.26 P/E NM 2007 E 2.14 P/E NM 2008 E 4.91 P/E 47.8 dropping to 30.1 in 2009
Rating : Outperform

What would Warren Buffett Do ?

Dow Down almost 300 points Tuesday , Fear Grips the Little Investor Housing sales news - weak as expected. Federal Reserve Bank statement acknowledges economy is slowing. - but a lack of clarity as to a rate cuts disappointed investors. The Key Question : WWWD What would Warren Do ? Warren Buffett announced the purchase of 10 Million shares of Sante Fe RR WHAT DID YOU DO ?

The Key Question in a time of volatility .
The answer is back to basics-
Good companies, solid fundamentals , great management - no need to fear market noise.

Source http://www.amprogram.com August 29

China Copper Imports Surge

D. Copper Demand in China up 65 % - helps lift our AMP Portfolio Aug. 22 (Bloomberg) -- Copper in New York rose for the fourth-straight session as demand surged in China, the world's largest consumer of the metal. China's refined-copper imports in July jumped 65 percent from a year earlier, the Beijing-based customs office said today. BHP Billiton Ltd., the world's biggest mining company, said global demand for commodities remains strong, driven by China. Copper, used in pipes and wires, has risen fourfold in the past four years as demand outpaced supplies. ``Globally, demand is holding up well,'' said John Gross, publisher of the Copper Journal in Cranston, Rhode Island. ``The environment is still one that would suggest continued strength in prices and volatile trading.'' Breakwater - BWR has a major expansion underway = major cash flow expansion HudBay ( HBM) Teck - Cominco ( TCK.B ) - anounced the success of th Aur bid $ 4.$ Billion this adds 43 % to Teck's copper production

Oilexco returns to Drilling

A. Oilexco Returns to Drilling - you should be returning to Oilexco Oilexco ( OIL on Toronto and London ) has the cash flow on a daily 30,000 Barrel production and the potential of the drill bit: Investors are less anxious and have been bargain hunting the stock Focus on the 2008 cash flow estimate of $4.00 plus - the stock is cheap thanks to the recent fire and general market fears. CALGARY, ALBERTA--(Marketwire - Aug. 21, 2007) - Oilexco Incorporated (TSX:OIL) (LSE:OIL) ("Oilexco" or "the Company") and its wholly owned subsidiary, Oilexco North Sea Limited, reports that the semi-submersible rig Ocean Guardian, which is under contract to the Company from Diamond Offshore Drilling UK Limited, has resumed appraisal drilling on the 100% owned Shelley oil accumulation on Blocks 22/2b and 22/3a. The vessel suspended drilling last week when an electrical fire occurred in the engine room. There were no injuries or environmental damage reported as a result of the fire, and the well being drilled by the Ocean Guardian remained under control throughout the entire time. Members from Diamond Offshore Drilling UK Limited, Oilexco North Sea Limited and personnel from the UK Health and Safety Executive traveled on board the vessel to investigate the cause, inspect the damage and review the safety procedures following the incident.
from http://www.amprogram.com

Niko Resources - world class nat gas producer in India

B . Niko Resources*Give me a sign, any sign!When markets sell off like they did last week, any positive sign should be taken to heart. Niko, which recently raised $500-million by issuing 4.762 million shares at $105.00 apiece, has seen its shares tumble with the market downturn. Shares are down about 20% from were Niko raised their money. Insider reports, which were filed late last week, show Niko’s President and CEO buying nearly $1 million (12,600 common shares at prices ranging from $79.30-79.90) of stock through the public market. That’s a nice sign. The current market weakness may have created a buying opportunity. Canaccord Adams Oil & Gas Analyst Terry Peters says that while equity markets are struggling, Niko’s fundamentals are on solid ground. The company has over $600 million in cash, will have access to another $600 million through its credit facility, and is less than 12 months away from the start up of the largest offshore gas field in India that at its current planned peak, would take Niko’s total production to over 450 mmcf/d over the next 24 months, from the current 85 mmcf/d. In addition, the exploration component in Niko continues to provide high-impact potential, through additional drilling at D6, NEC25, D4, Cauvery, and in time Pakistan.
from http:www.amprogram.com