Prism Medical Ltd. (PM.V)

(Top Pick Dec 17/15, Up 42.03%) He accumulated just under 10% of the company and held until the end. It was run by private equity guys. It was pretty obvious it would be sold at some point. They did a great job of growing the company.

(A Top Pick June 18/15. Up 36.64%.) Just being taken out by a Swedish company, Handicare. Focused on the institutional market, hospital, long term care, acute care and focused on ceiling lifts and floor lifts, slings, etc. He will probably accept the tender at $12.50, but is hoping for one or 2 more dividends.

Mobility equipment. They bought the lift business division of Shoppers Home Health. It has a 5% dividend yield, but is higher risk. He thinks they will be able to grow into their earnings and cash flows and help support that dividend.

He is not so specifically focused on their EPS, but their business is booming. He expects their next results to be robust. There is great organic growth to come.

A nice little company that makes mobility devices. We are all getting older and need help getting around, and they fit right into this area. Did a very big Dutch auction a couple of years ago. Management has been increasing their stake in the company by eliminating a lot of the public floats. They own more than 25%. Dividend of about 5.5%. Paid a special $1 per share dividend last year. They are really rewarding their shareholders. A great little company.

Mobility equipment. He is picking it again since it pulled back since June. They are much more present in the US. Ceiling and floor lifts. The company should be sold in the next couple of years because of the age of the management. It is very well managed. Buy and hold it for the end game.

A great little company. Make equipment for mobility challenged people. Growing very quickly in the US which is way behind Canada in terms of having special equipment in their hospital network. Great margins and great demographic tailwinds behind it. Wouldn’t hesitate to buy at under $11.

Has done a very good job in enhancing shareholder value. Thinks it is a very slow privatization. Did a Dutch auction buyback about 14-15 months ago and bought back a big bunch of stock. They continue to buy back stock, so insider ownership has ramped up dramatically. Earnings have been pretty good and revenue growth is probably going to start to kick back in over the next couple of years. Valuation is quite attractive. He likes this company a lot.

Seven times next year’s earnings. They are mostly in the US, having sold their UK subsidiary last year. They just paid a special dividend. It has pulled back so he is buying aggressively at these levels.