Performance Sports Group (PSG.TO)

There is only so much growth in that category, so they bought soccer and baseball companies. Good company at a reasonable valuation. Because of recent acquisition there is concern they may have to raise money. Potentially he would look at buying if they do an equity issue.

(A Top Pick Nov 1/12. Up 30.52%.) Bought this during the NHL strike last year when he didn’t think this was going to be going on forever. A long-term solid growth story. Strong management. Still a Buy, especially if there is a new issue.

(Top Pick Oct 23/12, Up 16.17%) Valuation has gone up a little. Not as cheap as it was but he trimmed the size of his holding a little. No hockey strike this year.

Had recommended this in his newsletter a long time ago and had done very well on it. Although it is well run, they need to grow by acquisitions and sadly, hockey is not really growing that much in North America.

(A Top Pick Aug 7/12. Up 16.11%.) Saw signs last year that hockey seemed to be softening so he sold his holdings.

(A Top Pick June 20/12. Up 47.36%.) This was a great company that was trading at a very, very low valuation. Was trading at 10X earnings but is now at 12X earnings.

(A Top Pick Aug 7/12. Up 13.05%.) Sold his holdings and stopped covering it. Thinks they are going to have some headwinds with the hockey industry slowing down.

US company takes a tired old brand and put it together with some others. Dominated in the hockey market. Brought cost structure down. Strong ownership support. 10 or 11 times forward earnings.

Has a dominant position in its core business, hockey. Although hockey is not growing that quickly in North America, it is growing quickly in Europe, Eastern Europe particularly. Product innovation alone has created growth. Any company that has a 50% plus market share in their business, and trading at 10.5X earnings is a pretty good opportunity. Can see 15% upside in the next 12 months.

(A Top Pick Aug 7/12. Up 12.03%.) Sold some of his holdings at $11.50 but still has a little bit left. Great name that is dominant in hockey. Still likes and will give you a decent return.

Under $10 a share the company is looking at her earnings of perhaps $1 a share in the year ending next May. Trading at a very reasonable multiple. Expanding their business into lacrosse.

Dominant equipment maker in hockey gear. More R&D than competitors combined. Buying the lacrosse business is a bullish sign for him. He would buy when it pulls back. Street consensus is not particularly good on this one.