Handbook of Canadian Security Analysis A Guide to Evaluating the Industry Sectors of the Market, from Bay Street's Top Analysts, Volume 1

by Kan, Joe

• ISBN13: 9780471641810
• ISBN10: 0471641812
• Edition: 1st
• Format: Hardcover
• Copyright: 1997-11-03
• Publisher: Wiley

Summary

(Finance & Investment)"For the novice and the experienced investment professional alike, this book provides a wealth of insight into security analysis. I wish I had this book when I first started in the portfolio management business." ~Jenny Witterick, CFA Partner; "This book provides the reader with insights into how the 'pros' do their thing. It is a must-read for everyone in the business, entering the business, or, for that matter, anyone with an interest in actively investing." ~Mark A.F. Golding, Chairman & CEO Guardian Capital Inc. "This high-quality new work fills a gap that, until now, has existed in the literature of Canadian securities analysis." ~W. David Wilson, President & Deputy CEO, Scotia Capital Markets & Chairman of the Investment Dealers Association

Author Biography

CONTRIBUTORS The Handbook of Canadian Security Analysis assembles a stellar list of contributors, all ranked as leading investment analysts on Canadian analyst performance surveys, or on the annual Wall Street Journal All-Star Analysts survey. For the first time ever, twenty-seven of Canada's leading investment analysts have come together to offer their expertise and experience in two definitive volumes. Contributors to Volume 1: Glen Campbell on Telecommunications Kevin Choquette on Banks Felix Freeman on Gold Peter Gibson on Strategy Bin Huang on Biotechnology & Pharmaceuticals Pentti Karkkainen on Oil & Gas Steve Laciak on Steels George Lewis on Piplines & Utilities Manford Mallory on Metals & Minerals Jim Milton on Chemicals Don Roberts on Paper & Forest Products Greg Thompson on Industrial Products Glynn Williams on Transportation & Environmental Services David Wright & Brian Piccioni on Technology EDITORIAL ADVISORY BOARD Every chapter of the Handbook of Canadian Security Analysis has been reviewed by members of a distinguished editorial board, drawn from academia, the institutional investment community, and industry associations. Editorial advisors to Volume 1: Roland Bertin Keith Graham, CFA Robert L. Heinkel Wally Kusters, P.Eng., CFA James A. MacDonald, CFA Frank Mersch, CFA John G. Priestman I. Rossa O'Reilly, CFA THE EDITOR Joe Kan is a chartered financial analyst and president of Kan & Associates Inc., a search firm specializing in recruitment for institutional equity professionals.

Table of Contents

Preface	vii	(2)
Acknowledgements	ix	(2)
List of Participants	xi
HIGH ECONOMIC SENSITIVITY	1	(322)
Chapter 1: Metals and Minerals	1	(24)
Manford Mallory, CFA
Chapter 2: Gold	25	(36)
Felix Freeman
Chapter 3: Steels	61	(46)
Steve Laciak
Chapter 4: Chemicals	107	(34)
Jim Milton, CFA
Chapter 5: Oil and Gas	141	(40)
Pentti Karkkainen
Chapter 6: Paper and Forest Products	181	(84)
Don Roberts
Chapter 7: Transportation and Environmental Services	265	(26)
Glynn Williams, CFA
Chapter 8: Industrial Products Early Cycle Consumer Durables and Late Cycle Capital Spending	291	(32)
Greg Thompson
LOW ECONOMIC SENSITIVITY	323	(124)
Chapter 9: Banks	323	(60)
Kevin R. Choquette, CFA
Chapter 10: Telecommunications	383	(42)
Glen Campbell
Chapter 11: Pipelines and Utilities	425	(22)
M. George Lewis, CFA
EMERGING ECONOMY	447	(90)
Chapter 12: Biotechnology and Pharmaceuticals	447	(36)
Bin Huang
Chapter 13: Technology	483	(54)
David Wright
Brian Piccioni
INVESTMENT STRATEGY	537
Chapter 14: Strategy	537
Peter Gibson