Shawcor Ltd. (A) (SCL.TO)

Looking to collapse the multi-sharing structure. The company would buy the B shares, which would mean the company would have to take on some debt. This would get all shareholders a special $1 dividend. Company fundamentals are great.

Going through some noise at this time but thinks it will do well coming out the other side of summer. Had put itself up for sale but nobody showed up. The dual class structure is being unwound. Well-run company. Likes the space that it is in and the industrial component of it. Be cognizant that we are closer to an end of a 4 year economic cycle. If he were buying, it would be a half position.

Fundamentals are great and cash flow is growing. Benefiting from the global need for more pipeline capacity.

Big disappointment and huge price gap last week. Major support at $36.80. Thinks they will test that in the next few weeks.

Have always done well in the coating business and that is sort of expanding. Stock has done so much better than anything else in the group because of speculation it would be taken out. It may yet come about but he doesn’t really want to roll the dice on that one. Prefers others.

(A Top Pick Dec 1/11. Up 47.2%.) Discussion on acquisition of this company has not totally ended yet. Outlook is very strong. Still bidding on a lot of activity offshore and Asia. Her fundamental price on this is still in the $46-$48 range so it is still a Buy.

(Top Pick Jan 27/12, Up 55.39%) Company going up for sale was a bit of luck. Overlooked and under owned. Beneficiary of moving Nat gas and crude and so on. Dirty industrial that nobody gave a thought to.

(Top Pick Dec 1/11, Up 70.93% Total Return) Everything is starting to ramp up now. The backlog is strong and capacity is ramping up. She actually cut her position in half to take profits.

(A Top Pick Nov 7/11. Up 78.21%.) Company is now for sale. He is holding, waiting for a takeout price. Stock is probably worth between $45 and $50. Well managed.

(Market Call Minute.) Has had a huge run on potential sales.

(Market Call Minute.) Interesting company. Pipe coating, etc. A little expensive, but not a bad company at all.

A leading coater of pipelines and has about a 25% global share. Virginia Shaw controls 91% of the voting stock and she is willing to put her shares up for sale. Her fundamental target is in the $42 range. Likes the fundamental outlook. Have built up a very substantial backlog. Have won a lot of contracts overseas which will start ramping up the back half of this year. No debt on its balance sheet.