A sleepy, very good company owning royalty interest on an iron mine. A good cash-flow producer though it's a cyclical company in a cyclical industry. Offers a sustainable dividend. Hold it, but for new buyers, don't buy until it breaks below $20.

You have to ignore the noise.  It is one of his largest holdings.  Price momentum is one of the best.  They have repeatedly surprised the street on how much cash they generated and then paid out in dividends including special dividends.  28% ROE and 11 times earnings.  The balance sheet is fine. 

This used to be a really good company but it completely dropped off from his radar because it really had some tough times. Has bounced back quite nicely. Return on capital went from almost 0% to now 8% in trailing Q4 which is a great sign. Dividend yields 3.6% and payout ratio seems very reasonable. Hardly has any debt. All in all, for a company he hasn’t looked at for quite a while, it’s one worth taking a deeper look at.

Not a bad looking chart. It had a breakdown in 2014, and since then has had a rounded bottom. There is a pretty defined neckline as well. Somewhere in this range, it is starting to break out. A little early, and looks a little tepid, but if the $20 level can stay supported, it might be a very bullish looking chart.

This basically gets royalties from Iron Ore of Canada. It has benefited recently by rising iron ore prices led by demand for steel. A fine thing to own right now.

He likes this. They own a portion of a Labrador mine, and get the royalties. An extra dividend was paid out to the company recently. Iron ore prices really took off last year, trading at about $80 a ton to over $300 at one time. We are now back down to $250-$220. In the last 2-3 months, the Chinese have been shutting down a lot of their steel mills because of smog problems. This will come back. Thinks you will continue to see cash flow coming out of this mine. Dividend yield of 5.4%.