Week 12 - Preview

More Gains. Portfolio gained +1.59% (CAD +2.70%)this week.
Changes:
In the CAD side of the portfolio I took a position in Garda World Security Services (GW.TO). Garda World Security is a midsize security based in Montreal, Canada, with an upside potential. The company has had a single bad year (2008, -98%), but quickly recovering, through a good financing and restructuring, to have a return of more than +1000% since then.
In the USD side, I finally closed my position in TNH recording a loss of -22.61% on the position. I still believe that TNH is a good "buy and hold" stock, but unfortunately the company has been caught into the struggle of the takeover of its parent company Terra Industries TRA by CF Industries (CF), and in the short term it will be holding a sizable amount of cash that could be used otherwise.
Using the cash from the recent exits, I took positions in Wells Fargo WFC and Starbucks SBUX.
Performance:
The Financials moved higher this week with C jumping +10.80% and BAC moving higher by +7.70%.
In Canadian energy, FM.TO gained +4.14% and TCK-B.TO +5.36%.
All other positions remained in the +/- 1% area, with the exceptions of VALE which moved higher by +5.09% recovering most of the past weeks loses, and BVF.TO which gained +3.60% for the week.
The YTD performance at the end of the week is +13.28% (+11.14% in CAD).