Wholesale dealer of heavy equipment. Because of the large expansion in Alberta, as well as strong mining in other provinces and infrastructure spending is going up, companies like Strongco (SQP.UN-T) and Wajax (WJX.UN-T) should do OK. Close to 100% payout.
Strongco (SQP-T) or Finning (FTT-T)? Finning has a better long-term track record. Both are good long-term holdings. Heavy equipment is very much driven by economic cycles but wouldn't be too excited at this time.
(A Top Pick Aug 8/06. Down 63.3%.) Heavy equipment dealer and servicer. Will benefit from infrastructure build up. Sold all his shares after the 2nd bad quarter.
(A Top Pick Aug 8/06. Down 63%.) A dealer and servicer in heavy equipment. Have not delivered anything close to what they should have. Sold his holdings.
(A Top Pick Mar 16/06. Down 23.5%.) The government’s rule on trusts and the weakness in the oil/gas sector has hit this trust. 3rd quarter of 06 was weak. Looking for the 4th quarter results this week.
Rents heavy equipment. Have a relationship with Volvo. A lot of exposure to the West. Exposure in the forestry sector is not as favourable. Earnings are quite cyclical.
(A Past Top Pick Aug 8/06. Down 45.1%.) Hit with 3 bad items in a row. 1) Analyst gave a negative report. 2) Government announcement on trusts 3) Results were a little disappointing. Giving a 19% yield. Still likes.