WesternOne Inc (WEQ.TO)

Oil/gas service modular construction company. Have a big division in Australia, which is winning contract after contract. Won $40 million and $30 million contracts recently. Thinks the North American division is bogging down their results right now. Stock is not doing a whole lot. Pays a nice dividend. Not a bad company, but probably should be doing better based on their potential growth rate.

Manufactures modular housing accommodation and sells to Black Diamond (BDI-T) along with other customers. Very economic and cost effective. 7% dividend yield and a 40% payout ratio.

This one has been difficult in the last 3 months. Hit around $9 in the spring and has dropped since then. Every thing is still going well with the company. The only major news over the summer was that the CEO passed away. All of the work that they are doing is still in place. Doesn’t like to see a name going down but hasn’t gone down enough to alarm him. He is going to do some more work to see what is happening.

Oil/gas service company and also sell rental equipment to movies. A pretty good company. Doesn’t get a whole lot of respect in the marketplace. Not expensive. Did fine right through the economic crisis and kept paying their dividend. Pretty high dividend of 7.3%. Likes it.

Very involved in Western-based activities. One of their biggest and most successful areas is Britco (?), portable housing and camp setups for mining, etc. Has done very well. 65% payout ratio. Stock has been drifting downwards for the past 6-7 months, but this is an absolutely great entry point for the name. 7.7% yield.

(Top Pick Aug 14/12, Up 0.04%) Have an order backlog that goes out to 2015, 7.5% dividend. Is a buy.

Service company. Has made some acquisitions lately. Been a little weak in the last while, which is a buying opportunity. Unfortunately, there are only 3 analysts that cover it. Still likes it. Strong yield of 7.8% which is safe.

Great yield at 7.35% and a 53% payout ratio. Has a division that puts up portable modular buildings for remote mining companies. Also have a business for lifts for the film business.