Jason DonvilleStrongco CorpSQP.TODON'T BUYOct 04, 2010
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.
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.
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.