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Sirius XM Canada Holdings Inc (XSR.TO)

TOP PICK

Performed really well last year and has come off very hard. Turns out that CBC had converted their multi-share voting to single share, indicating to the street that they were going to Sell their position. This was overdone. This is probably the best dividend growth play in Canada right now. Very high free cash flow. Yield of 5.23%.

WATCH
Valuation is way ahead of fundamentals, but always would be on this type of company. The positives are they will bring profitability in Canada a lot more quickly than than they did in the US. If you buy, don't expect a great return over the next year. Would watch a quarter or two to see what their cash burn is.
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