BUY
AutoCanada is priced in line with other automotive retailers. They've got Dennis DeRosia on their board which is a huge win for them. (He's mister auto). For the next year it looks pretty good.
BUY
Resturant royalty trusts are a beautiful thing. You won't find a better more stable cash flow anywhere. He will buy at $15.10 He thinks they are fairly valued but will be rock solid during the coming turbulence.
DON'T BUY
Is a bit of a "gong show" right now. Have some debt issues right now. hold rating of $8.50
HOLD
In the construction business. Housing in Canada is declining. They are also in the mining business, and have a pretty good balance sheet, so they will be okay.
DON'T BUY
Very little organic growth. They provide outsourcing. Grown through acquisition. Doesn't like their accounting practices.
DON'T BUY
A mini holding company. Bought a variety of businesses related to housing, and oil field businesses. Thinks q2 will look pretty ugly. Yield is currently 17%, which he doesn't think is sustainable.
BUY
A beautiful business. Glorified vacuum trucks, which are used for non-invasive servicing. Does have some oil field services. Feels this is a very strong steady stock. "Hold forever, then wake up one day and cash out"
DON'T BUY
Oil field services exposure. Hard to see oil field services appreciating right now.
PAST TOP PICK
From sept 25 2007 Then $10.25 Up a little over 7%, plus a special distribution as well, for a total of 17%.
PAST TOP PICK
Then 14.85 It's a screamer. Consumer spending in Canada is very strong.
PAST TOP PICK
Then $18.75 Up 2% which is good from the prospect of Oct's.
DON'T BUY
Is the most expensive of this type of business. It's out of favor. Thinks it's going to pull back further and faster.
DON'T BUY
A back end capital goods provider to a segment of the economy BC, which is now gone. The best days are behind it.
COMMENT
Manufacture DVD's and CD's. Heavily owned by US hedge funds. Hstory of company is that they would invest a lot of money in new plants, and he's not sure they have the money to do that this time.Doesn't know why it's gone up so well recently.
SHORT
Going against consensus. They print lottery tickets, and ship to Canada and US. Revenue is going down due to the US dollar. They have been loosing customers because they are no longer price competitive. He sees risk here.