CCL Industries (B) (CCL.B.TO)

(A Top Pick Aug 20/14. Up 52.17%.) This reports in Cdn$, so the US and European businesses are huge beneficiaries. They are growing their top line and are continuing to make tuck in acquisitions, and there are lots of acquisitions they can still make. This fits into the theme of a quality company that continues to do well. (She is avoiding owning Canadian stocks going into the election, just in case the Cdn$ gets hit one more time.) Dividend yield of 0.85%.

Very well-managed company. Have done a tremendous job of diversifying internationally, and setting up plants around the world. Primarily a labelling business. Well-managed. Try to buy on weakness.

Anything related to the consumer in Canada is performing well. We have big parts of our market that are broken. This one is a stellar performer. He likes the idea of owning US dollars, but he is happy to own this stock. He is not concerned it is getting too expensive here. This stock is not well known.

A very well-managed company. When he looks at the current price and the multiples on it, it wouldn’t hurt to take some profits, perhaps 50%.

One of the big players in the label space. Have done very well operationally and, equally as important, consolidating smaller companies in order to continue to expand. That has made them very successful over the last 5 years. Fully valued at this stage. This is a name you should own, but not one you should chase on any given day.

This is an industrial, and on seasonally industrials do very well from around the end of October right through until the end of April each year. We are currently beyond the period of seasonal strength on the stock. Chart shows a long upward trend and is currently outperforming the market. Trading above its 20 day moving average and recently went into an all-time high. If you want to add, consider adding around the middle of October.

A simple company. It does packaging and labelling. It has been able to grow very effectively through acquisitions. If you want to buy a stock like this that has been doing very well, he would consider buying a 3^rd of a position to start.

He bought this about a year ago and is very happy with it. The price has done well and the multiple has crept up a little as well. Had some nice earnings growth. They have been a big beneficiary of the falling Cdn$ because most of their sales are overseas, particularly in the US. This is still a fair price, but not a cheap one anymore.

They do a lot of packaging for consumer products and various goods. A lot of their revenue stream comes from outside of Canada. This has been on her watch list, but unfortunately she missed it. A really good company, but she would not be chasing it.

(Top Pick June 23/14, Up 54.51%) It is a ten bagger for some clients. He cuts back when it hits 9-10% of a portfolio. Canadian based multinational packing company in pressure sensitive labels. There is still lots of growth. Don’t be scared by it being a $150 stock. It is a good dividend grower.

You have a management team, board and a controlling family that are second to none. They are so aligned to shareholders. They have made acquisitions all over the world to become the world leader. Excellent corporate governance. This is a great long term hold. He is still buying on pullbacks. It would be a core position.

He wouldn’t buy at this level. His model price is $142.30, a -2% from its current price. However, it does grow over time. He is looking at $166.84 one year out. If it pulled back, it would be a candidate for purchase.

(A Top Pick June 23/14. Up 41.61%.) A Canadian-based multinational consumer products company in the packaging business. The biggest label manufacturer globally, but is also in the aluminum can, plastic laminate tube business. Its customers are the premier consumer product companies. Based in Canada and reports in Canadian dollars, but most of its revenues are in US dollars and Euros. Made some very good acquisitions and thinks it is set for another major acquisition. The dividend is growing every year, and sometimes twice a year. He sees this as a $200 stock going forward.

A core holding for longer than he has been at his firm. Simple business where they produce pressure treated labels. They follow customers around the world and are one of the most successful companies in the space. They regularly increase the dividend.

Very well-managed company. Likes their exposure to the US$. Very well-managed. Diversified with their Avery Dennison purchase. Their competitor Ball Corp (BLL-N) recently made a major acquisition of a UK company, and there is some thought that they may have to divest some of those properties, perhaps at distressed prices. Conservatively financed, so they have lots of capacity to make an acquisition.