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PAST TOP PICK
(A Top Pick Dec 23/05. Up 21%.) The easy money has been made on this one. Probably fully valued now.
investment companies / funds
PAST TOP PICK
(A Top Pick Dec 23/05. Up 7.5%.) Provides structural products for roads, sewers and bridges. Governments are spending more on infrastructure. Just made an acquisition in Alberta where construction will be increasing.
INDUSTRIAL PRODUCTS
PAST TOP PICK
(A Top Pick Dec 23/05. Down in 11.5%.) One of the gassier names and dropped with the price of gas. A quality name and would add more on weakness.
oil / gas
DON'T BUY
Because it is in the index, some of his funds have to include this. Sold his active positions. Feels the high price of coal is behind us now. Expecting higher freight costs.
other mines
DON'T BUY
Not too enthused with a lot of their properties. They are not the highest quality or highest quality tenants. Management has recently been on the news about questionable practices.
REAL ESTATE
SELL
Essentially acts as a source of capital for companies they own so can't see a lot of synergies. Also can't see any succession plan in the individual companies.
property mngmnt / investment
DON'T BUY
Share price has been almost cut in half. Propane business has slowed. Acquired businesses in other areas that are not as high quality. Payout ratio is now 100%. No catalyst to make it go up in the near term.
wholesale distributors