Brendan Wood International

Brendan Wood International

October 12, 2010 21:43 ET

Brendan Wood International Announces 2010 TopGun Analyst Teams

Macro Trend Raises Confidence in TopGun Analysts

TORONTO, ONTARIO--(Marketwire - Oct. 12, 2010) -

TopGun Press

Performance consultants, Brendan Wood International (BWI) today announced the results of the 30th annual compilation of domestic and international investor views, for the first time pairing shareholder ratings with those of transactionally active Canadian corporations.

This enhanced 360 degree views the analysts, sales and trading teams reflects the current markets and signal a re-integration of dealer research with the interests of both investors and corporations, despite modern regulations which discourage the relationship between the two. "Investors and corporates both feel very differently in the current markets," says Brendan Wood, Chairman of Brendan Wood International.

Index investing and other macro trends leave investors, especially value investors in a tough and uncertain world. Companies are having a difficult time separating themselves from the pack, amongst investors. Stocks are presently moving in tandem with the markets as opposed to their own particular attributes. Investors are looking for analysts and sales professionals to distinguish corporate stories which have the ability to rise above macro market themes.

Likewise corporations are connecting analysts with the task of communicating the relevance of their corporate story in a heavily market centric investment climate. Corporate finance mandates are being aligned with dealer firms whose analysts are perceived to be able to make their corporate story relevant to investors.

Canadian small/mid-cap corporations follow the trend, in that their selection of investment banks during 2010 was heavily influenced by research coverage.

The relationship/dialogue with investors provided by TopGun analysts continues to play a key role in the 'vote to pay' polls and the commission flows. This also points to a business increasingly dependent on the quality of coverage and relevance, therefore a declining demand for written reports of a general or generic nature on sectors.

Historically, institutional investors have paid 39% of their commission dollars for research on average over the last five years. This figure shot up to 48% in 2010. Canadian analysts, TopGuns in particular, are here to stay.

TopGun analysts, while comprising only 15% of the analyst population covering Canadian stocks, generate approximately 50% of commissions allocated for research.

Individuation of stocks is the key theme in 2010. Investors are looking for insight on "names" (companies) which will not just outperform in earnings or value appreciation but to whom investors will react in their stock selection. Analysts are now more relevant for their "bellweather" roles, speaking not just on a company's inherent qualities but also as a pollster for the attitudes of investors toward a name which may outperform the neutralizing effect of the macro market.

In 2011 Brendan Wood partners expect the alignment of TopGun Analyst accreditations from both corporates and investors to be a dominant economic factor in the industry. Polls which only consider general investor opinion may miss the mark on where the money is. Analysts who create relevance on specific names will play an increasing role in generating banking fees and commissions for their employer firms. Today's regulatory themes and rituals discourage those connections but industry economics make the TopGuns who connect both ways much more viable. Corporates and investors are connecting through TopGun researchers in very important ways. Is history repeating itself, again?

The 2010 TopGun Analysts and Teams As Ranked by Investors Are:

Sector #1 TopGun
Analyst
  #2 TopGun
 Analyst
  #3 TopGun
Analyst
   
#1 TopGun
Team
               
Alternative
Energy
Rupert
Merer
(NBFz)
  MacMurray
Whale
(COR)
  Carolina
Vargas
(CLA)
  NBF
Banks
Andre-Philippe
Hardy
(RBC)
  Mario
Mendonca
(CG)
  Kevin
Choquette**
(SCO)
  RBC
Base
Metals
Greg
Barnes
(TD)
  Fraser
Phillips
(RBC)
  John
Redstone
(DES)
  DES
Biotechnology &
Healthcare
Doug
Miehm
(RBC)
  Lennox
Gibbs
(TD)
  Hari
Sambasivam
(NBF)
  RBC
Chemicals &
Fertilizers
Sam
Kanes
(SCO)
  Jacob
Bout
(CIBC)
  Brian
MacArthur
(UBS)
  SCO
Consumer
Products
Perry
Caicco
(CIBC)
  Irene
Nattel
(RBC)
  Michael
Van Aelst
(TD)
  RBC
Diversified
Financials
Geoff
Kwan
(RBC)
  John
Reucassel
(BMO)
  Kevin
Choquette
(SCO)
  BMO
Economics
Myles
Zyblock
(RBC)
  Sherry
Cooper
(BMO)
  John
Aitkens
(TD)
  RBC
High Tech
Richard
Tse
(*Ex-NBF)
  Mike
Abramsky
(RBC)
  Chris
Umiastowski
(TD)
  RBC
Income Trusts
(Royalty)
Menal
Patel
(NBF)
  Jeremy
Kaliel
(CIBC)
  Roger
Serin
(TD)
  NBF
Index
Analysis
Peter
Haynes
(TD)
  Mark
Steele
(BMO)
  Andrew
Moffatt
(SCO)
  TD
Industrial
Products
Ben
Cherniavsky
(RJ)
  Peter
Sklar
(BMO)
  Sara
O'Brien
(RBC)
  BMO
Insurance
Mario
Mendonca
 (CG)
  Andre-Philippe
Hardy
(RBC)
  Tom
MacKinnon
(BMO)
  CG
Media
Drew
McReynolds
(RBC)
  Adam
Shine
(NBF)
  Tim
Casey
(BMO)
  TD
Merchandising
Perry
Caicco
(CIBC)
  Irene
Nattel
(RBC)
  James
Durran
(NBF)
  CIBC
Oil & Gas -
Large Cap
Randy
Ollenberger
(BMO)
  Greg
Pardy
(RBC)
  Peter
Odgen
(NBF)
  BMO
Oil & Gas -
Small/Mid Cap
Martin
Molyneaux
(FE)
  Rafi
Khouri
(RJ)
  Brian
Kristjansen
(CG)
  FE
Oil & Gas
Equipment/Services
Roger
Serin
(TD)
  Andrew
Bradford
(RJ)
  Kevin
Lo
(FE)
  TD
Portfolio
Strategy
Peter
Gibson
(CIBC)
  Myles
Zyblock
(RBC)
  John
Aitkens
(TD)
  CIBC
Precious Metals -
Large Cap
Tanya
Jakusconek
(NBF)
  Barry
Cooper
(CIBC)
  Michael
Jalonen
(BAML)
  NBF
Precious Metals -
Small/Mid Cap
Trevor
Turnbull
(SCO)
  John
Hayes
(BMO)
  Craig
West
(GMP)
  BMO
Pulp, Paper &
Forest Products
Sean
Steuart
(TD)
  Paul
Quinn
(RBC)
  Richard
Kelertas
(DUN)
  TD
Quantitative
Analysis
Peter
Gibson
(CIBC)
  Mark
Deriet
(COR)
  Christopher
Dutton
(TD)
  CIBC
Real Estate,
REITS
Neil
Downey
(RBC)
  Karine
MacIndoe
 (BMO)
  Michael
Smith
(MAC)
  RBC
Small Cap/
Special Sits
Anthony
Zicha
(SCO)
  Sarah
Hughes
(COR)
  Frederic
Bastien
(RJ)
  SCO
Software &
Services
Mike
Abramsky
(RBC)
  Richard
Tse
(*Ex-NBF)
  Steven
Li
(RJ)
  RBC
Technical
Analysis
Dennis
Mark
(NBF)
  Christopher
Dutton
(TD)
  Ray
Hanson
(RBC)
  NBF
Telecommunications
Glen
Campbell
(BAML)
  Dvai
Ghose
(CG)
  Vince
Valentini
(TD)
  BAML
Transportation
Walter
Spracklin
(RBC)
  Fadi
Chamoun
(BMO)
  David
Newman
(*Ex-NBF)
  BMO
Utilities Matthew
Akman
(MAC)
  Robert
Hastings
(CG)
  Linda
Ezergailis
(TD)
  MAC
*Moved to Cormark Securities Sept 7, 2010.
**Tied ranking for #2.

The 2010 TopGun Analysts and Teams As Ranked by Corporates Are:

Sector   #1 TopGun
Analyst
  #2 TopGun
Analyst
  #3 TopGun
Analyst
             
Alternative
Energy
  Rupert
Merer
(NBF)*
       
Base
Metals
  David
Charles
(GMP)
  Tom
Meyer
(RJ)
  Adam
Schatzker
(RBC)
Chemicals &
Fertilizers
  Jacob
Bout
(CIBC)*
  Robert
Winslow
(WW)
   
Diversified
Financials
  Gabriel
Dechaine
(CS)
  Phil
Hardie
(SCO)
  Paul
Holden
(CIBC)
Income
Trusts (Royalty)
  Jonathan
Fleming
(COR)
  Cristina
Lopez
(MAC)
  Roger
Serin
(TD)*
Industrial
Products
  Ben
Cherniavsky
(RJ)*
  Bert
Powell
(BMO)
  Cherilyn
Radbourne
(TD)
Insurance
  Kevin
Choquette
(SCO)
  Tom
MacKinnon
(BMO)*
  Andre-Philippe
Hardy
(RBC)*
Media
  Adam
Shine
(NBF)*
       
Oil & Gas -
Large Cap
  Brian
Dutton
(CS)
  Andrew
Potter
(CIBC)
   
Oil & Gas -
Small/Mid Cap
  Mark
Leggett
(BMO)
  Peter
Doig
(GMP)
  Rafi
Khouri
(RJ)*
Oil & Gas
Equipment/Services
  Dana
Benner
(SN)
  Andrew
Bradford
(RJ)*
  Keivn
Lo
(FE)*
Precious Metals –
Large Cap
  George
Albino
(GMP)
  Tanya
Jakusconek
(NBF)*
  Barry
Cooper
(CIBC)*
Precious Metals -
Small/Mid Cap
  Daniel
Earle
(TD)
  Andrew
Kaip
(BMO)
  Andrew
Mikitchook
(GMP)
Pulp, Paper &
Forest Products
  Stephen
Atkinson
(BMO)
  Richard
Kelertas
(DUN)*
  Sean
Steuart
(TD)*
Real Estate,
REITS
  Alex
Avery
(CIBC)
  Neil
Downey
(RBC)*
  Michael
Smith
(MAC)*
Small Cap/
Special Sits
  Frederic
Bastien
(RJ)*
  Greg
Colman
(WW)
  Sara
Elford
(CG)
Software &
Services
  Todd
Coupland
(CIBC)
       
Telecommunications
  Glen
Campbell
(BAML)*
  Greg
Macdonald
(NBF)
   
Utilities   Matthew
Akman
(MAC)*
  Robert
Hastings
(CG)*
  Patrick
Kenny
(NBF)
*Denotes SuperLeague Analysts, those who are TopGuns among both investors and corporates.      

The 2010 SuperLeague and TopGun Teams Ranked by Institutions and Corporates:

Sector   TopGun
Institutional
Team
  TopGun
Corporate
Team
SuperLeague
Team
           
Alternative
Energy
  National Bank
Financial
  National Bank
Financial
National Bank
Financial
Base Metals
  Desjardins
Securities
  RBC Capital
Markets
 
Chemicals &
Fertilizers
  Scotia
Capital
  Scotia
Capital
Scotia
Capital
Diversified
Financials
  BMO Capital
Markets
  Credit
Suisse
 
Income Trusts
(Royalty)
  National Bank
Financial
  Macquarie
Bank
 
Industrial Products
  BMO Capital
Markets
  Raymond
James
 
Insurance
  Canaccord
Genuity
  BMO Capital
Markets
 
Media
  TD Newcrest
  National Bank
Financial
 
Oil & Gas -
Large Cap
  BMO Capital
Markets
  CIBC World
Markets
 
Oil & Gas -
Small/Mid Cap
  FirstEnergy
Capital
  Wellington West
Capital
 
Oil & Gas
Equipment/Services
  TD Newcrest
  Stifel
Nicolaus
 
Precious Metals -
Large Cap
  National Bank
Financial
  National Bank
Financial
National Bank
Financial
Precious Metals -
Small/Mid Cap
  BMO Capital
Markets
  GMP
Securities
 
Pulp, Paper &
Forest Products
  TD Newcrest
  BMO Capital
Markets
 
Real Estate, REITS
  RBC Capital
Markets
  RBC Capital
Markets
RBC Capital
Markets
Small Cap/
Special Sits
  Scotia
Capital
  Raymond
James
 
Software &
Services
  RBC Capital
Markets
  CIBC World
Markets
 
Telecommunications
  Bank of America
Merrill Lynch
  Bank of America
Merrill Lynch
Bank of America
Merrill Lynch
Utilities   Macquarie Bank   Macquarie Bank Macquarie Bank

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