Vecima Networks Inc. (VCM.TO)

Their core business is Network Equipment for cable companies. The family that controls it are very entrepreneurial, and do a lot of interesting things at the margin. They are now building their cash up again. Outside of their core business, they have a couple of other sidelines, including a fleet management business and rural Internet service provider. Expects that both of these will be sold, adding even more to their cash. Expects they could pay out a special cash dividend of $3-$4 in the next couple of years.

It is very asset rich. Make equipment for the cable industry – last mile. The company is a lot richer than they appear and every time they sell anything they give out a huge dividend. Very shareholder friendly. Not that liquid so be patient in trying to buy it.

Long history based in Saskatchewan of providing technology products to cable/broadband through bigger companies like Cisco. Founder is stepping down and handing over the reins to son. Selling all non-core assets. Creating a lot of shareholder value. He likes it.