Uni-Select Inc (UNS.TO)

(A Top Pick Feb 1/16. Down 1.02%.) Biggest distributor of paint in North America. It has largely been growing by acquisition. Organic growth has been somewhat soft, so he sold his holdings.

(Market Call Minute.) If Tesla cars start coming out, they are not going to need mufflers, etc.

(A Top Pick May 9/16. Up 4.81%.) This continues to do very well. Made some very good acquisitions, and are doing a pretty good job in cost savings. The price is “hanging around the highs”, so buyers are more enthusiastic, and the sellers are getting taken out. Demand continues to be strong, so this will go higher.

(Market Call Minute.)

Has aggressively gotten out of the US on the distribution side and sold their assets about a year ago, and are continuing to grow their Canadian operations. Thinks the name will be very active over the next 6-12 months from an acquisition standpoint. He likes this.

This has been one of the better companies in the last year. Made some decent acquisitions in automotive paint distribution to automotive refinishers. They are continuing to grow.

They have 23% market share in the US and continue to execute very well. He expects them to consolidate a fragmented market as they acquire smaller players. They are increasing shareholder value because of that.

They do auto parts distribution in Canada and auto paint distribution in the US. They are number 1 in both businesses. They are trying to grow in the two businesses they are active in. It trades at quite a large valuation discount to peers. They are positioned to benefit from increasing repairs to older cars if the cars are not replaced. It will not be hurt if the auto sector slows down.

(A Top Pick July 17/15. Up 20.39%.) Big distributor of auto parts. Sold his holdings early this year. They were guiding light for 2016, as well as an earnings miss for 2015.

Sold off part of their business, and are focused more on paints. None of the auto companies have been afforded high multiples. Thinks it is just worries on what is going to happen. If the US slows down, there is no doubt this will be affected. However, auto demand is still strong, interest rates are still low and the US economy is still growing. It’s not his favourite way of playing the auto market.

A big distributor of automotive paint. The opportunity in auto is in keeping the cars on the road.

An auto parts supplier. A well-managed company and have done a pretty good job, but at 20X earnings there are just so many other great companies that you can buy at much cheaper valuations.

One of his bigger holdings. This is a consolidation story and a great Canadian story. It is the only national distributor of automotive paint in the US. He feels there is a long, long runway for this company.

An auto parts distributor. Québec based. They were the 5^th biggest auto parts distributor in the US, but was still subscale so they cleaned it up and sold it earlier this year for $340 million. That took all the debt off their balance sheet. They are now the biggest auto parts distributor in Canada, plus the biggest paint distributor in the US and Canada through their FinishMaster stores and independents. This has basically marked time for the last 4 years. Dividend yield of 1.05%.

Made a transformative deal. They pretty much sold their aftermarket products and then used the cash to buy back stock. This is a changed company and he would have to do more research before he could form an opinion.