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TOP PICK
Some real dangers with this. Distribution very high at $.081 a month so would not be surprised to see a cut in 2010-2011. Could become a Corp in 2010 and the unit price could get hit. Short term, he keeps getting current distributions, medium term not so good, long-term better.
management
diversified
TOP PICK
Were paying $0.05 a month distribution, became a corporation and eliminated distributions. Price went from $3.50 to $1 and change. Now sitting at about $2. Chairman owns about 60% and has recently been buying. Expecting tremendous upside. Because they are not paying distributions they could end up earning $.40-$.50 a share in the next few years. Wouldn't surprise him if it went private before then.
consulting
COMMENT
Normally markets do not do very well from May through October. This year it has done so well through the last of months that we are going to be in for a more difficult time. He is not a believer that the market will continue to go up. Wouldn't surprise him to see it go down 15%-20%. He will be waiting before putting more money in.
PAST TOP PICK
(A Top Pick July 4/08. Down 66.09%.) Still on his Buy list. Has recovered and insiders have been doing a lot of buying. Tied into housing and the aviation industry. Cut a number of employees in December and also took wage cuts. Streamlined operations. Refinanced debt. Clean balance sheet.
packaging
containers
COMMENT
Natural gas: Likes as it fits in with his contrarian views. Whole sector has been decimated. Some possibilities are Pengrowth (PGF.UN-T) and Harvest Energy (THE.UN-T). You could also try True Energy (TUI.UN-T) but is very dangerous. You could also look at convertible debts. Trouble with all of these is that their balance sheets are all pretty ugly.
