Premium Brands Holdings Corp (PBH.TO)

Has definitely been a growth stalwart, a real leader over last 4-5 years. It’s been an organic growth, and more so a growth by acquisition story. Doesn't think the latest pullback is unduly concerning. Nothing has changed fundamentally. The multiple, over the last 4-5 years, has expanded close to 30X earnings now, which is very, very high for a consumers’ staples company, especially given that most growth is not really organic.

(A Top Pick March 27/17. Up 30%.) They've done some very good acquisitions, but missed their 3rd quarter, and the stock took a big hit. A couple of days later, they made a nice acquisition, and it got back everything it lost and then hit a new high. A nice solid company. Have good contracts and have made great acquisitions and have kept their balance sheet in line. This is a keeper.

It is one of the best. They are a great convenience for people. It is a brilliant company and is one of Canada’s best. You should buy it if you don’t hold it. If the market corrects after the end of the year then you might get it a little cheaper.

Sell or hold? The stock has done very well, and the company has done a great job of expanding their business. They’ve made a number of acquisitions which have been very accretive. If you are still holding your original number of shares, it would probably be prudent to trim it.

This is doing well. It is going through a bit of a bath with its franchisees. The market seems to be telling us that everything is going alright.

A provider of specialty meat brands and sandwiches for service stations. They go for the niche goods, so they don’t have to compete as much on costs. He really likes this company. Not doing well today, because the earnings missed pretty significantly on the top and bottom lines. Views it as just a hiccup, and longer-term it is just fine. Expensive, but the best companies usually are expensive for a reason. He would be okay with adding on weakness.

(A Top Pick Nov 16/16. Up 56%.) This continues to execute and their stock price has been doing extremely well. The high growth part of their business has been "ready to make" sandwiches.

A great company, a consolidator in the prepared food space. It is always expensive. It keeps expanding. You could take some partial profits to avoid portfolio concentration.

The sandwich kings of British Columbia. It is into the world of professionals and non-professionals who are moving fast who want to buy some nice prepacked sandwiches.

(A Top Pick June 24/16. Up 76.11%.) A well-run company. Management has been great capital allocators. They are able to grow through both acquisitions and organically.

One of those fabulous companies that are in the tailwinds of the market and doing brilliantly. A tremendous company, and doesn’t look like it is going to stop. It is very difficult to Buy this on a turn down, so maybe you have to buy it when it is treading water.

This has a portfolio of specialty food products. Earnings are expected to grow 40% this year and 20% next year. This company is not inexpensive. However, in Canada, some of these branded food products are doing quite well. He would have no trouble owning this stock.

This company’s niche is that they operate in more premium type of foods, not competing on costs as much is other companies are. They are building sandwich facilities, and sandwiches have higher margins, and are just starting to ramp up these factories. Also, have a distribution facility in Toronto, they are building out. There are a few aspects where there is some organic growth potential. A lot of the valuation is probably priced in, but what is harder to price in is what the company is going to do with the cash flow that they generate going forward. He likes the company.

This has had a great run, and people are tempted to Sell it, but he likes to ride the winners. However, an analyst downgraded this solely on valuation, and valuation is a concern. There are a lot of people waiting to buy this on a pullback. He thinks they will continue to execute, and as a result will be rewarded with a higher premium multiple relative to its peers.

They provide food products to institutions and are expanding. It is a pure growth story. Last quarter revenue grew 30%. 25 times earnings, however. They made solid acquisitions. Two facilities are coming online over the next 18 months and margins are going to increase. (Analysts’ target: $81.50).