Equity Financial Holdings (EQI.TO)

Interesting. Trying to get a bank or trust license, which he believes is imminent. Once done it will take about 9 to 12 months to get lending operations wrapped up, which will be followed by a higher return on equity. ROE probably comes up in the 2nd half of 2012 and then becomes a really good play. Wait until they get their license.

A very niche, and are customer friendly so they are getting a lot of traction. They want to grow at at least 20%, but in the past have done much better. It's a very high quality cash machine, and he has owned it for years, and expects to own it 5 years from now.