Peter Hodson Glentel Inc. GLN-T BUY Feb 19, 2013

(A Top Pick March 20/12. Up 11.47%.) This is fantastic. What you are doing here in the handheld jungle is buying a company that is the powerhouse in the malls in Canada and expanding across the US, Australia and probably other parts of the world.

Bought in at about $11-$12, rode it up to $21 and sold at $13.50 and it is now back to $19. It is like being whipsawed. His screen is telling him to Buy it again so he is looking at it. He’ll probably end up buying it again but it is a tough one. A little tough to predict as you have to have a feel for the US retail market.

(A Top Pick July 30/12. Up 62.11%.) Had a rocky road which was really part of the handheld, savage, jungle warfare. However, they quietly went on with their business building themselves as a leader in Canada. Thinks it is the best way to buy telephones. Operations in Australia but might lose their big franchise there, but maybe not because these things do not necessarily become unstuck. Bought another big chain in the US and they are Verizon (VZ-N) partners.

Historically results have been excellent but the stock really gets buffeted around by rumours about what Verizon (VZ-N) is going to do, if Blackberry (BB-T) sales will be slowing, etc.. Management is strong.

(Market Call Minute.) Looks like business is getting tough. Revenues go up a lot but earnings don’t so it looks like returns are coming down.

Has not loved this stock for a while. It is hard to read where this industry is going. There is a lot of flux in the phone business. A lot of their business was tied to the Blackberry.

They have suffered a little bit from the two-year contracts on cell phones. Hasn’t looked at this one for his funds because of the low liquidity. If you think you’re going to cycle that two-year rule and you start to see reacceleration in the cell phones again you could go into this. Product launches will be the lifeblood of this business. Not something he would really look at. Yield of 4.6%.

They have an offer from Bell (BCE-T) at $26.50. If he owned it, he would not be taking a capital gain, but would be rolling over into Bell.

It was a win for the shareholders. Being acquired by BCE-T.