CONTRAry To Sucking...

...Is awesomeness!

No time to talk about how witty that title is. Benj Gallander is on the Market Call.

- OMG! He's wearing a dress shirt! And a tie! Sigh...

- Past picks are getting the shit kicked out of them. It's okay Benj. I still love you.

- Benj thinks "there are a lot of difficulties ahead". Thanks a lot, Buzz Killington.

- Every time Benj comes on the show Michael Hainsworth asks him to predict where something will be in a year, and every time Benj basically tells him what a stupid question it is. Today is no exception.

- Michael Hainy just threw out a Halloween reference. Seriously. Fuck.

- John from Waterloo asks about Magic Software. Benj sees a huge gain in the future and likes the company a bunch.

- Once again, Mikey H asks about a 1 year target. How many times do we have to go through this?

- Mikey doesn't like the vague timeline for the Contra Picks to reach their target prices. He can go fuck himself.

- Some douche named Larry wants to know about stop loss orders and whether Contra would short the Canadian banks.

- Benj will sell a company if they lose confidence, but won't use stop losses. The reason is if you still like a stock, why sell it just because it reaches some arbitrary number?

- Benj doesn't like how bank insiders are cashing out their options. He prefers bank preferreds. See what I did there?

- Market Call is on the Twitter kids!

- Some Twitter guy wants to short the TSX. Benj likes the play, but is a little scared of shorting.

- John from Halifax is interested in natural gas. Benj likes it. He likes Pengrowth, Harvest or True Energy. Their balance sheets are pretty ugly though.

- Some guy is asking about Angiotech. The same company that's up an easy 1000% since the end of the year. It remains on the Contra watch list, but they're really not that interested.

- Question of Noveco, saying it's may be a good play because they're a Swine Flu play. They've done a lot of takeovers and are currently losing money. Benj isn't interested.

- John from Missisaga wants to know about silver as a monetary investment. Ah, one of these crazy guys. Buy gold and silver! The world is coming to an end! I hate those morons.

- Benj thinks he's stupid too. He was just nicer about it.

- Kind of a pointless question about shorting the TSX 60 versus the whole index. I didn't even care enough to pay attention to the answer.

- Past pick #1 is Intertape Polymer. It's recovered nicely from the lows and Benj still likes it.

- Past pick #2 is Analysis International. Still like it too.

- Past pick #3 is Integrated Silicon. No debt, and very profitable. They like it.

- Onto part two of the program. Let's home for more Benj and less of the Hainy douche.

- The volume is higher on the second half of the show. This is annoying.

- Question is on Denison Mines. They liked it, but didn't do well when they bought it before. He seems to like it, but kind of a shit poor answer. Don't worry Benj, No Communism still loves ya!

- Question is on Magna. He hates Frank Stronach's pay and actually wants to fight him. Kick his ass Benj!

- He called him greedy! Them's fighting words!

- Benj doesn't like the program where the government pays people to turn in their old cars.

- Once again, a bad joke from Hainy. Benj should fight him.

- Pat from Kamloops has a question about pulp and paper. It's getting the shit kicked out of it. Benj thinks the sector will eventually come back, but he doesn't have any particular picks.

- Jim Pattison is investing in pulp and paper. I can totally imagine Jim Pattison as that crazy old guy yelling at people to get off his lawn.

- Benj likes Brookfield Asset Management, but wants to buy it at a lower price.

- Some guy named Tony just congratulated Market Call on being a most informative show. Not really the best choice of words Tony.

- His question is on Consumer's Waterheater. Benj is giving it an official thumb sideways.

- Benj does like Yellow Pages though.

- Question is on Viterra. Contra owns it and has done well on it. He's a little scared of an Australian takeover. Apparently a dingo once ate his baby.

- Once again, Hainy with a 12 month reference. Next time, we're doing an over/under on how many times he says it. It's set at 4.5.

- Benj is pretty positive on Zarlink. It's been on a tear lately, but isn't making money.

- Fuck! Another 12 month reference. Why does he keep doing this?

- A question from Twitter. Does Benj find himself being more or less contrarian since the whole fuckup of the system? Basically, he's just the same as always. Except this time, he wore a tie.

- Top pick time. Hey, what happened to the market call minute?

- 3com is top pick #1. They have 1.2b in revenue and 220m in cash. They're making a bit on money and Benj likes the sector. He likes the takeover potential and sees a double or triple. It is up quite a bit from the lows however.

- Macquarie Power and Infastructure Fund is top pick #2. He thinks the distribution will be cut soon and will take the unit price south with it.

- Hartco is top pick #3. They converted to a corporation and stopped paying the distribution. The chairman is buying stock lately and Benj thinks the company will become profitable with not having to pay the distribution.

And we're gone! I promise, I'll be back to making fun of shitty blogs soon.