VFC Inc

VFC-T

Model price has come down from previous talks on it and is now $14.21. Has come down because more analysts are picking it up. There is a more realistic earnings number for '05. Sees good growth ahead. Trading at a 40% discount from its current price.

Will soon be reporting earnings and are looking forward to evaluating it. Starting this March, will probably start getting year over year earnings.

Got caught up in a very poor small cap market.

Small caps are getting overlooked because of the concerns in the big caps. Have to get a better market to get some performance. Could drop a little bit further to about $7.10.

Very low trading volume so hasn't moved much. Not many analysts follow it. Fundamentals are sound.

One of his favorites. You don't get an opportunity in the Canadian market to own small financial companies. A stock to hold in your portfolio.

Automotive special finance. Lends to sub prime buyers. High return on equity. Strong management. Moving into the back.

(A top pick Oct 17. Up 11%.) There’s a dearth of small financial companies in Canada that an individual investor can buy. Good choice for growth in the financial area.

Finance cars. They finance at 28/29% and access finances at 6/7%. Good spread. Very limited competition. The risk would be if interest rates go up or their underwriting is off.