Stock has really come off in the last few days. Trades at a low multiple because it is working out of Nigeria. Thinks the dividend is safe here. Pipeline has been down for quite some time but they have $100 million credit facility and he thinks a new pipeline is going to come on at the end of this summer. Still likes the story. 13.5% dividend yield.
One of his favourite stories. A software company that continued to do very well on top line and bottom line. Increased their dividend. Cash flows are very strong. Has started to see price increases on their software. Expects you will see margins expand over the next couple of quarters. 3.5% dividend yield.
One of his favourite gold stocks. Has a very good growth profile. Made an acquisition a few months ago that will help grow the company and their production. Fairly low cash cost relative to the rest of the industry. This will be a function of where the price of gold goes. If you only had 5-6 gold names to own, this would be one of them for him.
Down quite a bit but feels this is just a function of the rest of the market where small juniors have come off quite a bit. Had excellent drill results and they continue to do what they said they would do. He has been adding to his position at these prices. Very cheap. At some point he thinks it will be a consolidation play.
Thinks people were primarily buying this for the dividend but there has been a lot of growth, both top line and bottom-line. A company tried to bid for them in 2011 and since then the company has done a great job of growing their earnings both in the US and Canada. If you own, consider taking a little bit of profit.
A “show me” year as they are in a lot of trials. This will be the time where they are going to sign more licensing deals or they will be in trouble. Stock has been weak over the last couple of months. Recently came out and said one of the trial dates has been pushed back but this is just a timing issue. Feels they are very strong in the patents they do have against the companies they are going up against. Have a ton of cash on their balance sheet. Yield of 3.96%.
Expects them to have more than 30% EPS growth this year. Trading at around 10X the shares earnings. Good dividend yield. Came out with a record quarter last quarter. Net income was up 29% and revenues up 15%. Very cheap. Good management. Expects the 2.18% dividend will be increased to double over the next 2 years.
Markets. He typically has 3%-10% cash in his portfolio and this is currently now at 7%. Always has a little bit on the sidelines to take advantage of any dips in some of the names that he likes. Expects this will be a volatile time over the next few months, particularly since the US market has had such a big rally here.