Intertape Polymer Group (ITP.TO)

In the last 10 years, this has been a very good stock to own. Had a little bit of an upset in the spring because of floods and the transition of their plants in the Carolinas. Long-term, this industrial tape area is doing a great job.

A 40-year-old company that makes duct tape. Used to own this. It had a lot of inefficient plants and poor acquisitions. A new CEO came in and cleaned house. They have some new plants coming on in the US. It probably goes higher from here. 3.4% dividend yield.

Makes a number of industrial products. Should also benefit from what is going on in Amazon (AMZN-Q) and online sales with packaging. All the packaging companies got slammed a few days ago. Activist hedge funds sent letters to the company asking for a bigger share buyback and larger dividends, because of the valuation of this company versus some of its peers. The company has had execution problems. The last two quarters have not put the puck in the net. Thinks the market is waiting for better operations from the company before it affords it a higher valuation. He loves the dividend.

A great turnaround business. He has a view of 3-5 years. If you look past the last 3 to 5 years, they have significantly delivered the business, have grown margins, launched a new plant in South Carolina. A really interesting name to hold. 4.1% dividend yield.

(A Top Pick Oct 2/14. Down 0.76%.) This was doing really well until about the middle of the year, when they flubbed a quarter. They were trying to rationalize some of their capacity, and management missed their cost cutting guidelines and were deferred for a whole year, so the stock fell off to about $15. Relatively comfortable with the story and is confident that next year you should start to see an improvement in the share price as some of those benefits from the capacity rationalization kick in. Very healthy balance sheet.

It has changed over the years. They made some poor acquisitions. They really pulled out and de-levered the balance sheet with the new CEO. Most recently they started getting into a south Carolina plant but they pushed out the date so you saw it in the price.

A great turnaround company. On his list of names that he likes. They have a new plant that is opening up in the Carolinas, which will take on a large amount of their capacity, which he thinks is going to drive margins further ahead than what the analysts are estimating. He likes the stability in their business. Generates a lot of free cash flow. Nice 3% dividend yield that is growing. A high-quality name to own.

(A Top Pick July 23/14. Up 42.4%.) The easy money has been made, but thinks it still has 15 or 20 points to go.

They had some issues and it is not a bad time to buy now. He thinks US housing will go up.

Manufactures tape. This is for the e-commerce revolution that is going on globally. They sell a lot of stuff to Amazon. First-quarter earnings are not going to be so hot because of people delaying orders looking to get tapes at cheaper prices. Their biggest input is oil (resin) where prices have plummeted. Increased its dividend by 50% giving it a yield of 3.56%. Balance sheet has improved and cash flow is gushing. He is buying all he can buy below $18.

It is a smaller cap name than she looks for. It had a disappointing quarter, but will benefit from lower input costs. They are in packaging and a pickup in over all shipments would benefit them. They are Canadian, but have facilities in the US.

This is a bit of a mixed chart. The one year chart shows an upward trend followed by a consolidation pattern from December on. You don’t want to see this break down through the $17 level.

Came out with some mildly disappointing earnings, but it looks like most of it is temporary. It probably has a couple of dollars more to go over the next year or so. Has a little bit of a dividend, which will probably be increased. The real money has been made already, but if you are holding it for a rising dividend, you are probably going to be okay.

They issued a Q4 warning. They say next year should be intact. Give it a couple more weeks and then you should be okay on this one.

End of January until May of each year is the period of seasonal strength. It did not work last year. The long term trend is upward and it is outperforming the market so the technicals are attractive.