Brooke ThackrayDorel IndustriesDII.B.TODON'T BUYMay 23, 2018

It's never done anything and has disappointed shareholders. He owned shares 10 years and sold it because he got fed up with its lack of progress.

Likes the baby product space and has looked at this company several times. The balance sheet has some debt but has been well managed. He is not looking at this company directly, but does like the space.

This is struggling. Thinks it goes to $26.50. Closed at $31.39. He has a model price of $49, which is 57% higher, but this is a cyclical. The market is actually shooting consumer stocks right now.

Valuation is a challenge on this one. It missed on the quarter and they have a debt problem. He prefers DOL-T or ATD.B-T.

This created a base for itself in the high $20s, and has rallied up through the $30s. It is starting to test areas where it had problems before. $32 was support in the old days, but now looks like resistance, but he feels the stock is ready. The high $30s are in its immediate future.

(A Top Pick March 13/15. Down 22.64%.) Bought a baby seat manufacturer in China, which is not profitable at the moment. A lot of their products are exposed to the strong US$ which has not helped. Dividend yield of 5.5% while you are waiting.

Sold his holdings. Had thought that they had a pretty good idea going big into bicycles, but the company has failed to execute. He kept waiting quarter after quarter and kept getting disappointed.

It has grown to such a size and has so many moving parts. They are doing what they can to grow it internationally. They are still so dependent on the American consumer, who have not come back quite like before the financial crisis.

This is basically 3 things. Bikes, baby seats, strollers, and just acquired the third-biggest manufacturer of car seats in China. The 3^rd thing is furniture. Haven’t really gone anywhere in the past couple of years, partly because they have been trying to get their cost structure under control as well as the higher US$. Still likes this.

40% of revenue is from bikes, but also has baby strollers. They bought a Hong Kong based manufacturer of car seats, which makes them #3 in China, which should be a very interesting growth part. Trading at 15X earnings with a yield of about 4.07%.

Just made a new acquisition. This is a mixture of children’s items such as bicycles, baby carriages, etc. The company has stated that the stronger US$ is hitting them. Half of their profit and sales come from Europe, South America and Asia.

(Top Pick Dec 13/13, Up 3.10%) He is now worried about the company’s fundamentals.