Jerome Hass

Believes Donald Trump is likely to follow through on tariffs in order to assert dominance. As a result, is starting to build up cash in the portfolio and take defensive position. However, tariffs on energy sector will be very hard to manage from a US perspective (critical part of economy). Is surprised that the market continues to rise in the face of tariff threat. One explanation for rising stock market is the perception that Trump will cut taxes, and deregulate industry. 

Excellent company that is founder led (lots of skin in the game). Expecting shortage of affordable housing to be very good for business. Ability o acquire new properties, and fix them up is very good. Rising population without rent control is good for profit margins. Zero equity raises since original IPO is incredible track record. 

Applied similar royalty approach from mining sector to pharmaceutical business. Allows for new development in pharmaceutical business. Capital light business. Second listing in the world of this nature. Very cheap valuation, trading ~1.3x book value. Excellent long term prospects. 

Excellent business with recurring revenue stream. Waste management business mostly based in Western Canada. Very stable business. Trading at a discounted valuation from peers. Expecting lots of growth going forward. 

World leader in flight simulation business. Strong company with recent performance in the stock market. Latest quarter has had a bit of a slowdown on sales, but overall the business is strong. Evolution of new pilots that will require new training will be good for business. Expecting high single digit revenue growth. Would recommend holding. 

One of the largest holdings in the portfolio. Unexpected resignation of the CEO has been hard on the business. Recent Q3 earnings were strong. New CEO search are expected to be announced soon. Cheap valuation at current price. Will continue to own. 

Current share price reflecting value of business much better than during the pandemic. Attendance numbers continue to remain flat even with new steaming services. Expecting single digit growth of revenue. Brand name is very strong with large share of market. Cinema experience is still very good. 

Quality company that is very safe. Dividend is excellent with strong assets and management. Would recommend holding for yield oriented investors. 

Does not own shares due to market cap size (prefers mid call names). Overall, is a high quality company. Assets are very valuable as it is very hard to replicate. National recognition that Canada needs new pipelines for energy security. Very strong dividend yield that is safe. 

Owns shares in company. Founder led with very strong management team. Recent share price weakness created a buying opportunity. Discounted relative to peers. Good alternative to Canadian bank stocks. Would recommend holding for the long term. 

Owns shares personally. Excellent company with very strong management team. Very good assets with safe dividend. Capital discipline within the sector has been very strong. 

Company based on effective management of auto fleets for corporate accounts. New apps and technology is allowing for better management of business. Recent share price strength good for long term investors - but would wait to buy on weakness. Overall a strong business. 

Would recommend holding for the long term. Good dividend yield. 

Hard business to value. Not a good option for investors. Better for investors to avoid. 

Would wait before buying. Recent announcement of company under strategic review sale process was not successful. Old CEO returning, but not too optimistic. Better options for investors in the markets.