Premium Brands Holdings Corp (PBH.TO)

On his list of companies that he really likes better trading at high valuations. Likes it a lot and thinks they are in a great spot to benefit from a lot of the trends that are happening. There are some risks to the name as well. If you own, consider taking some off the table. Feels the balance sheet is over levered at 4X.

Specialty food manufacturer and distributor that sells to retail and food service segments. There is willingness to be up for better quality of food, and this is where this company has experienced its growth. Dividend yield of 4.07%.

He calls them the sandwich kings of Richmond BC. It is a big company now. Revenues are something like $1,250,000,000. They supply to the trade. Have a bit of a health kick to them. This is partly riding on the rising minimum wage situation in the US, causing a lot of outlets to reduce staff. Dividend yield of 4.3%.

Recently went to a Hold on it because of all the talk on food inflation, and it is tough for them to pass costs on to their customers. They may have passed this point, so he is going to have to revisit it. Great business and really well run.

(Top Pick May 29/13, Up 24%) He went to a sell in January because valuations were getting too rich and he was seeing some food inflation. An extremely well run company. As soon as things settle down on the inflation front he would consider buying.

Acquires food brands and are very good at this. There are a lot of brands that are not owned by the majors. They buy a brand, squeeze synergies out and pay a nice 6.83% dividend.

Just doesn’t have enough growth for what he is looking for. There are better consumer brands in Canada. Decent company but not a great one. He would prefer MTY Food Group (MTY-T).

A fantastic little company. Restaurant service business, consumer discretionary. Broke out early ’12 and now we are coming back to test it. Question is whether the support here is going to hold. It is a name he is really interested in but has never pulled the trigger. It needs to hold these levels.

Very good business and very well run. Sold his holdings because he was worried about inflation in the food sector. Likes the management team. He would like to own this one again.

(Market Call Minute.) Very good quality, steady Eddie kind of performer. On his radar screen. Very safe stock with a good dividend.

Quarterly results were absolutely amazing. Revenues were way up. Earnings were way up. Stock is trading near historical highs. Could be of interest to momentum players. Would not pass for him because it has not been around 10 years. Not cheap.