Timbercreek Financial (TF.TO)

Short term lending. One of the best managers of buying and servicing mortgages. Incredibly stable. 6% yield. Well diversified. Strong management.

Timbercreek Mortgage (TMC-T). Invests in short-term loans, 9-18 months. If you own, you have to stay on top of the portfolio Because it turns over relatively quickly. 9% yield.

Mortgage investment. Good, stable cash flow. Yield of about 9%. The average term on their mortgages is 8-12 months. Construction and short-term financing. Good management. Strictly a yield play for him and he is not looking for capital appreciation.

At the bottom end of his database. Reported 9% negative earnings. Last $.35 in 2006. Great technology, but it seems to be taking forever to get it out into the marketplace.

This stock is at the bottome 15% of the database. Long on promise short on delivery type of company. They have tests for Avian flu and genetic tests for newborns. Signed up a large number of testing facilities in the U.S, but this is only used in a small range. He has owned in the past but does not own currently. If Avian flu passes to humans this company would benefit.

Quest (DGX-N) has done a "toe-in-the-water" on their product giving them a limited exposure to it. Was the product successful and will Quest and others broaden out their purchases? Very interesting product. Ranks poorly in his overall model at this point.

Speculative. Good technology. Less expensive technologies.

Very volatile. Have a tiny percentage in a couple of their funds. Have superior technology in genetic testing. An early stage company. Should see breakeven by the end of the year.

Trades in a band of $.40 to $.50. They have a methodology which should be quite powerful for them in 2004. Have a one-year lead over Pfizer. Speculative but pretty good prospects.

Profitable. Good product.

In a good area Too speculative Watch for new clients