Winpak Ltd. (WPK.TO)

He loves having a name in a portfolio which is an anchor stock. This is something that has done really well for a long period of time with a trusted management team and is not wildly cyclical. A specialty packaging company, which is at the forefront of the industry. As they get larger, they get larger and larger contracts and are now starting to talk to companies like Tyson and Hormel. They keep paying special dividends. Benefits from lower oil prices which goes into plastic, as well as a lower Cdn$. Dividend yield of 0.27%.

(A Top Pick July 22/15. Up 5.45%.) One of the best performers that he has had. A global play on food packaging. Insiders own a significant part of the company.

Lots of fancy packaging of things like yogurt tubes, K cups, etc. A nice stable business to own in your portfolio. It has been around for 30 years, growing revenue, EBITDA and EBITDA to margins. Haven’t made a deal in a long time, but are always on the lookout for a deal. The nice thing is that they generate so much free cash flow that if they don’t find a good deal, they will be giving you back money. Have had 2 special dividends in the last little while. He thinks that over the next 5 years their plan is to get out of the business. Dividend yield of 0.28%.

It has no debt and generates a lot of free cash flow. The larger they get the easier it is for them to secure contracts with customers. It is an elevated multiple. If the Cad$ will get weaker, then they will do well in this kind of environment. He likes the management. There was a special dividend declared today.

Has come down about $5 from its historical high. When you’re looking at a historical high and hoping it will retrace, that is somewhat questionable. In this case you have a beautifully run company. Doesn’t think they have any debt. He appreciates companies like this. However, if the market does have a blow off, he can see this one coming down quite a bit. To him it is not cheap enough.

(Top Pick Jul 22/15, Down 8.47%) The weaker Canadian dollar should be beneficial to them. It has had wonderful performance over the last few years. It has decent forward cash flow. They basically don’t have any debt. It may be a buying opportunity at these levels.

Has a wide variety of packaging stuff and are also into the pharmaceuticals as well. This has been one of the best performing stocks that he has owned. Management owns over 50% of the shares. Dividend yield of 0.28%.

A significant holding. He likes their operations. Good balance sheet and low debt level. You could see dividend increases. They keep surprising to the upside.

(Top Pick Mar 20’13, Up 45.15%) A family owned company. An expert company and a long term hold.

(A Top Pick Feb 19/13. Up 35.14%.) A cash flow machine. Sitting on $100 million in cash and are owned by a majority company in Europe right now. They do a good job with packaging products and servicing their customers. They just keep generating the cash flow. Still likes it at today’s level.

(A Top Pick Feb 19/13. Down 0.12%.) Has about $110 million in cash and pays a tiny dividend. Has a parent shareholder that controls the company. Likes this one because they don’t really worry about the quarter to quarter business. Putting in new efficiencies to drive profitability higher so are going to have maybe two quarters of weaker profits and then you start seeing the impact of that next year and it will be a great impact in terms of profitability.

(A Top Pick Feb 19/13. Up 9.67%.) This is a company that has never issued shares. Sitting on $100 million in cash, cash flow is great and dividend is tiny. Expecting that one day it will get taken over and be privatized.

Extruded plastic type containers. Also, does about 70% of the courier business in North America. Great technology. Good management.

Take-over candidate. Year in and year out they generate cash flow. 14-15 times earnings. Non-exciting dividend. Slow consumer product kind of company. It is about their protection of shareholders. They have not issued new shares ever. Thinks parent company will someday take them over.