Onex Corp

ONEX-T

(A Top Pick Nov 19/09. Up 27.28%.) This one does really well in a hot stock market. Still a Buy.

(Top Pick Nov 19/09, Up 29%) Still cheap. People will get more interested in this one as they exit some of their past investments.

Reasonably valued at these levels. Recently made a couple of acquisitions.

Trades at a significant value to the value of its assets. Don’t know when those assets will be liquidated. Could be $3-5 of hidden value.

(Top Pick Mar 12/09, Up 88%) One of the biggest employers in Canada. No one knows how to value it. It’s driven by events.

Holding company with a great long-term track record. Recently purchased this at around $24. About $8 a share in cash and an asset value of about $38. We prefer it down $1 or $2..

If you want a first-class equity company, buy this one. Trades at a discount to NAV of around $33. First-class management. You'll have to hold it for about 5 years but should do quite well.

(Top Pick Mar 12/09, Up 67.58%) Still likes it.

(A Top Pick Mar 19/09. Up 68.78%.) Easy money has been made and is now just a Hold.

In a very solid position with lots of cash to buy assets. Very good at buying assets very cheap and then restructuring and selling. There are 2 headwinds they face now. 1.) Big pension plans are competing for their assets so they could end up overpaying. 2.) It is not a public company in that Jerry Schwartz runs it his way.

Hasn't been great in the past two years but has moved up. A lot of great assets and a lot of cash. Smart management. Management is buying back shares. The sum of the parts = $35 or $40.

Holding company whose individual parts are probably worth high $30's. Expect there will be dispositions in 2010.

(Market Call Minute) trading at about 20% discount. Are well prepared to take advantage of opportunities in this environment.

Lots of cash. Trading at a fair size discount to NAV. Long-term track record of investing is great. You'll have to be patient.

There are a lot of really good businesses in this company but the bundles are sometimes hard to value. If they could look at changing the structure or finding some catalyst to give people a greater sense of the value, it could really take off. Doesn't seem to be a lot of interest in it.