Dundee Corp. (A) (DC.A-T)

Expecting further price appreciation. Has been doing business with family for 4 generations. Second generation of business leaders very strong. Good way to get exposure to micro resources sector in Canada. Very good capital allocation. 

Company has over invested in assets outside mining. However, company has been rebuilt, and is emerging as a premier company. Will continue to invest in this company. High quality due diligence. Would recommend buying. 

Excellent company exploring for high quality assets. Son of previous owner has taken over the company and turned it around. Sum of the parts worth three times what it currently trades at. Complex company - can hold back investor interest. Overall a very good asset base that is under valued. 

It broke a down trend. It has pretty weak upside. The recent level of highs has not been taken out. It is struggling.

A holding company that owns a lot of different things. Real estate is a big part of it, but they also have a lot of private companies in the resource space of energy and commodities, which have been dragging them down a little. Also, have some biotech which has some upside. This is somewhat complex, but he would say that there is value in the company. You need to have a little bit of patience; longer-term he thinks you will make good money off of this.

This is more of a pure play on commodities and real estate. He is staying away from the name. It is illiquid and doesn’t pay a dividend. He is pretty negative on commodities. He doesn’t see any material value for his shareholders.

A holding company that has a number of interesting businesses, including real estate. They are also involved in Canada’s first ever SPAC, and their SPAC is coming to an end in the next 8-12 months, so you are going to see either a transaction or a return of capital to the provider. Expect it will be fairly newsy over the next 6 months. A well-managed group.

Not his favourite. They don’t play in spaces he wants to be in.

Some of these financials are still doing well. The trend is still positive. Stick with it for now. If it breaks the trend line, then you want to escape.

He has been involved in it in the past. They recycled the cash from the Dundee sale into resources. There is concern about the liquidity of their investment. They had some debt they had to refinance recently. Avoid it in the near term.

They are going through a transition now. The sons are taking over the company. Mutual funds were sold to BNS-T. They have Dream Real Estate. It is not one he has decided to own until he has watched how management does over the next couple of years.

Sell the preferred shares? Company recently said they have to negotiate with preferred shareholders, because when it comes due for payment in June or July, cash is going to be tight. That is never a good sign. His view is that if you wouldn’t buy more, then you cut your loss and move on to something else.

(A Top Pick Aug 7/14. Down 58.84%.) This was a mistake. Very good people but a balance sheet that deteriorated fairly rapidly. They need to decide what their focus is, going forward.

(Top Pick Aug. 7/14, Down 43.67%) The outcome of the company is in question. He thinks they lost direction. He sold.