Boyd Group Services Inc. (BYD.TO)

A+ management. One of the best performers on the TSX for the past decade. They continue to take market share, but the multiple isn't cheap. They're the only stock to play collision repairs, which is a highly fragmented space. They make highly accretive acquisitions. He holds a big position.

Long owned this. There are two trends that could hurt Boyd: driverless cars that would eliminate car crashes (but that could be 15 years away), and new cars need new tech like lasers. Their advantage: insurance companies prefer one company with many locations than a bunch of small shops. There's a lot of room to grow here. Also, crashes are up.

Do you like the name considering cars now come with anti-collision technology? In 20 years down the road, that is going to be a factor. In the next 3 years, weather is more important for this company.

(Past Top Pick, Sept.18, 2017,Up 41%) A car repair chain. They're a consolidator in this space and now have covered in the U.S. Consistent ROE generators. A core holding.

(A Top Pick March 9/18 Up 17%) There is a strong CEO and management and he has owned is personally for years. They buy the smaller auto repairs outlets and the revenue stream is regular and recurring. The risk is self-driving cars in the future that will reduce auto repairs in general. The dividend has increased for 50 consecutive quarters.

A fantasatic chart. Nice positve action. Up 6% today. A quality name. Well-run. He really likes it.

Boyd is one of the top consolidators--it's in an industry with lots of mom-and-pop shops which are ripe for consolidation. There are hundreds of thousands of auto body shops across North America. Boyd came out of Winnipeg because this market has a monopoly public auto insurer. No insurer wants to deal with thousands of auto body shops, and this has benefiitted Boyd.

He once owned it and did well for him. It's a big operator of auto-repair shops. They've been acquiring a lot and consolidating. But they trade at a high multiple.