Doren Quinton
Empire Industries Ltd.
EIL-X
TOP PICK
Mar 19, 2008
Steel fabrication, industrial construction and maintenance, specialty servicing (mainly in oil and gas sector). A good, stable company. A solid growth industry. Trading at 5 times earnings. Very cheap.
Steel manufacturing. Play on infrastructure in Western Canada. Has done a great job over the past 18 months amassing capacity. Has about 420,000 ft.² in Western Canada. An area where he sees growth leading up to the Olympics in 2010. Have some large projects that the market doesn't know about. First 9 months did $80 million in revenues and earned about 4 1/2 cents per share. Valuation is well below its peers.
He covers the stock and owns it. The business is doing well. They are a leader in their space. There was a big investor out of China that fell on hard times and has had to sell shares. It may be poised for a turnaround.
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