Broker Stock Recommendations Ben Polkinghorn, PATERSONS BUY RECOMMENDATIONSEastern Star Gas (ESG)The coal seam gas sector experienced rapid consolidation last year. Click here to receive TheBull's free weekly newsletters on stocks, trading, investing and more. Broker Stock Recommendations Russell Krause, NOVUS CAPITALBUY RECOMMENDATIONSRed Fork Energy (RFE)Red Fork Energy is an emerging coal seam gas and oil producer, with assets in the US state of Oklahoma. If the stock indeed attains this target price within a year, it would mean a 23% return for investors.
In the next few months, the company is likely to announce significant JORC (Joint Ore Reserves Committee) reserves of high-grade uranium within 15 miles of Paladin's Langer Heinrich mine.HOLD RECOMMENDATIONSBHP Billiton (BHP)Recent results reflected a downturn in commodity prices and weakening global economies. Depending on the coal price, sales volumes and currency, MCC may need to raise capital if insufficient revenue is unable to meet currency hedges.SELL RECOMMENDATIONSKagara Limited (KZL)Debt of $150 million, due to be re-financed in 2009, is hanging over the stock. We will revisit this recommendation with any recovery in metal prices or margin improvement once funding is clarified.Alesco Corporation (ALS)Longer term, Alesco represents good value at current levels.
Retail assets, such as Coles and Bunnings, generate massive cash flow, and are partially shielded from the economic downturn.SELL RECOMMENDATIONSANZ Bank (ANZ)The ANZ has raised significant money through bond issues, but the market soon expects a big equity raising. Financial management is sound, and the company offers strong cash flow and moderate gearing levels.HOLD RECOMMENDATIONSBoral (BLD)This building and construction materials supplier operates in a difficult industry characterised by cyclical demand.
Grant Dwyer, TOLHURSTBUY RECOMMENDATIONSTelstra Corporation (TLS)The national telecommunications carrier is one of the most defensive stocks in the ASX100 and, consequently, has outperformed the market over the past year.
By introducing new products, including airflow generators, masks and nasal pillows, it should remain an influential leader in this market for the longer term.SELL RECOMMENDATIONSBlueScope Steel (BSL)The Port Kembla steelworks is the dominant profit centre. This stock is high-risk heading into a cyclical economic downturn and not for conservative investors.Bank of Queensland (BOQ)With a strong presence in the Queensland market, the bank is pursuing interstate expansion through an innovative, owner-managed branch model.
George may lead to synergy benefits, and Westpac appears to have less exposure to bad and doubtful debts than its competitors.HOLD RECOMMENDATIONSWoolworths (WOW)The retail giant continues to meet expectations. The stock is currently trading on a price-to-earnings ratio of 17.1 times, but the resilience of its operating business justifies the premium rating. Michael Heffernan, AUSTOCKBUY RECOMMENDATIONSWorleyParsons (WOR)This engineering services provider to the oil and gas sectors continues to produce sound results. The stock should be held for growth.Dominion Mining (DOM)As expected, the US dollar gold price is getting stronger in response to an increase in the US money supply caused by low interest rates and other stimulus packages. A good buying opportunity in subdued times.HOLD RECOMMENDATIONSWesfarmers (WES)The share price of this diversified industrial company has been punished due to big debt following the Coles acquisition.
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