Velan Inc (VLN.TO)

(Top Pick Sep 22/16, Down 4%) The world leader in nuclear valves but they make all sorts of valves. They were hit by the slowdown in the oil industry. They are a classic value trade. There is a lot of undervalued real estate on the books. It is possible the company could get sold one day. He owns it for the long run as things slowly begin to turn around.

A classic value play, trading below book value. World leaders in nuclear valves. The backlog is growing again. They buy back their stock regularly below book value. They may sell the company some day. Margins should grow significantly in the next few years.

(Top Pick Apr 27/15, Down 14.54%) A classic value play. Affected by a slowdown in the gas and oil industry. They are diversified. They are closing plants to reduce costs. There are few profitable companies trading at this much of a discount.

Global leader of valves from Montreal. Classic value play, trading just above 1 times NAV. They report in US dollars. About 11 times earnings. The founder is 97 years old. If it is ever sold he figures it could get as much as $30 a share.