Arthur Heinmaa

Owns timberland and involved in specialty fibres. Timber has very little correlation with commodity markets. Without harvesting, it continues to grow. Good for long-term holding. 5% yield.

Manufacture hip and knee replacements. With an aging population and an increasing heavier population, there is more demand for their product.

Generates a tremendous amount of cash flow. If it grows by 2%, you will get roughly an 8% to 9% real rate of return. There is a lot of upside if it does better than this. Expect a dividend will be declared.

They will continue to do well.

There are better places to put your money.

Emerging Markets: - Your best return will be doing research and finding individual companies in regions you are interested in. Access could also be made through some of their banks. The other way would be ETF’s which would have the lowest expenses. Also consider actively traded funds, which were, tend to avoid some of the losers.

Preferred Shares: - He is a proponent of preferred shares where you are getting dividend income as opposed to interest income. Tax on dividend is roughly 20% and on interest, roughly 46%.

Dividend versus Bond: - On a growing company, dividends should increase and eventually pass the rate of return on a Bond. Banks are good examples.

Even with the big run it has had, it is still fair value.

Even with the big run it has had, it is still fair value.

One of the few companies that are poised to bring uranium onto the market. Recently signed a contract where the uranium supply is going to be at spot prices, but with an escalating floor. Believes that uranium will continue going up.

Copper Outlook: - The fervour is in the Chinese demand. They have started increasing their internal production so copper prices have dropped.

Only like TD #1 and RY #2 at this time.

Only like TD #1 and RY #2 at this time.

Only like TD #1 and RY #2 at this time.