Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Benj Gallander, co-editor of the Contra the Heard Investment Letter (Louie Palu/Louie Palu for The Globe and Mail)
Benj Gallander, co-editor of the Contra the Heard Investment Letter (Louie Palu/Louie Palu for The Globe and Mail)

Market Call

3 top picks from contrarian investor Benj Gallander Add to ...

Benj Gallander is president of Contra The Heard Investment Letter.



Top Picks:

Alpha Pro Tech

APT is a Canadian company that thrives on disaster. This manufacturer of protective apparel does well when contagions like H1N1 and SARS are in the news. The company has cash in the bank, no debt and is almost always profitable. Insiders own about 18 per cent. Target price: $3.49



Bank of America

Bank of America still has lots of tough slogging ahead. Recent legal settlements will likely send the company back into the red and demands of regulators are always uncertain. Fortunately the bank had already reserved $11.8-billion (U.S.) for the recent mortgage settlement. However, the company has made major steps in its turnaround and recently five of the six divisions have been profitable. Insiders have been buying. Target price: $38.74



Hemisphere GPS

Hemisphere GPS recorded record revenues in the third quarter, which is normally the company's slowest. U.S. net farm income is well up, boding well for purchases of the enterprise's products. However, the company lost $1.6-million in the most recent quarter and the question is whether it can become profitable on an ongoing basis. With better than $10-million in the bank and no debt, the firm appears to have staying power. Target price: $3.49





Past Picks: March 02, 2011



Iteris Inc.

Then: $1.62

Now: $1.45

Total return: -10.56 per cent



Flextronics International

Then: $7.75

Now: $6.98

Total return: -9.93 per cent



Norsat International

Then: $0.81

Now: $0.51

Total return: -37.04 per cent



Total return average: -19.18 per cent





OUTLOOK

Though there are far less bargains in the markets than even two months ago, many of the governmental initiatives taken over the past number of years to stimulate the economy are starting to bear fruit. So while the upside for markets is more muted than previously, stock pickers still have the opportunity for some excellent returns.



Compiled by Franklin Cameron, BNN Market Call Tonight

____

Also see:

Related content3 top stock picks from portfolio manager John Stephenson

3 top stock picks from LDIC's Michael Decter

3 top stock picks from portfolio manager Lorne Steinberg

3 top stock picks from money manager Bruce Campbell

3 top ETF picks from portfolio manager John Hood

Report Typo/Error

Follow us on Twitter: @GlobeInvestor

 

More related to this story

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular