
TSE:NWC
Has been watching this for quite some time, and it has been riding one of his technical break points at about 4X BV for a long, long time. However, when he looks at his FMV metric, earnings have not really been going anywhere. What happens is that the balance sheet gets a bit bigger and bigger and FMV has been slipping. The stock gave him a technical Sell signal.
A relatively unique company because of their locations. 4.9% yield. A nice steady income stock. He does not like the valuation that much.