Every day, a new record high for the TSX. Revenues at oil and mining companies seem to slow a little, but soon enough, business continues to boom. Even the alleged "no-brainers" (Canadian bank stocks) have P/E ratios much higher than those in the US, Japan and Europe...
Is it me, or is the TSX looking a little overvalued right now?
What's a budding value investor to do?
Monday, April 03, 2006
Too rich for my blood
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2 comments:
Income trusts and REITs of course!
There are still values to be had..check out a few small cap "tech" type companies, such as Calian Technologies, Mediagrif Interactive, Softchoice, etc. The first two are awash in cash, no debt, steady earnings...Softchoice has a small amount of debt. All three have low PEs (especially once you adjust for the cash), and Calian and Softchoice pay a good dividend to boot. Check out my blog at http://canadastock.blogspot.com/
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