Westshore Terminals Inc. (WTE.TO)

Largest coal handling terminal in North America. A toll business, very stable and contracted. Undergoing capacity expansion that will increase free cash flow. 4% dividend. Trades at a discount to other infrastructure companies. At some point it would be a perfect asset for a pension fund to buy. There is a potential for a dividend increase further out on the horizon.

Very choice coal terminal. It should continue on.

A little rich. He sold some time ago. They raised their dividend over time but he thinks it is too expensive. 19 times earrings and not much growth.

(Market Call Minute.) Good source of income. Very attractive business. Able to realize much higher prices on a “go forward” basis. A little bit expensive but if you’ve got a long-term view, you get a good yield.

A great participant in the expansion of the met coal business. The question is what they can do to grow the business. Had a nice move and has a good dividend. A toll booth. Coal keeps going regardless of price. They just keep collecting the toll so they are not as exposed to the commodity prices.

Had a bad accident where a freighter came in and took out the end of a loading dock. They pay a reasonable dividend. It’s a good business to be in. 4.6% yield.

The trouble they were having in birth 1 is largely on the road to being repaired. The other problems will be repaired over the next quarter. People like the yield of about 5.5%. It looks expensive on a multiple basis but we should see some appreciation over time.

Chart shows that it is in a sideways pattern so he would think it is dead money. Doesn’t see any real growth. Momentum is dropping and it seems to be turning negative.

(A Top Pick Feb 16/12. Up 21.83%.) Coal terminal linked facilities and gets a cut for everything they handle. You’ll see their capacity increase over time and they’ll be able to kick it back to shareholders in the form of higher dividends. Very attractive yield.

It had a nice trend until mid-2011, then it based for a while and then we broke out. If it came back into the $25.90 area he would be included to add to it if you were not overweight in it.

(A Top Pick Feb 16/12. Up 18.38%.)

(Market Call Minute.) Going through an upgrade right now but this is the last one they’ve got, in order to increase their capacity, without costing a lot of money.

The run up is positive. There was a $23-$25 range and then we get a nice upward trend. It is very encouraging. $26 stop, 100 day moving average. Very positive relative strength.

You have an advance through 2010, then sideways congestion to mid 2012 then an uptrend. This is very bullish and there is more upside as far as he is concerned.

This one wants to go higher. It’s in a business where there are higher barriers to entry. Chart shows and area of very bullish concentration and is moving higher.