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This stock is cheap. The Valeant (VRX-T) situation changed everything, the debt is so high and people just don’t know what is going on. Had a big drop today because Endo Pharma, in the US, had a really bad forecast and fell 40%, and Concordia fell in sympathy. Technically the company is up for sale. An offer is going to take a while. It is worth keeping.

Provides modular accommodation for the oil patch. With the Fort McMurray situation, demand is going to be pretty high for temporary housing. The stock had a huge pop following the fire, but underlying trends in the industry are still negative. The fire probably won’t change the needle a lot, but it will improve this year. It’ll still be negative. This is a temporary issue while Fort Mac builds. Until the underlying oil/gas situation improves, the long-term fundamentals are really not going to change. He would be a little cautious.

Likes this. They were very aggressive over the past couple of years in buying a lot of fast food outlets, and now it is consolidation time. Same-store sales growth has slowed down, which is okay, but you want to see that improve.

This has “rent to own” furniture. Their big, big growing division is Easy Financial where they provide short term loans to customers. The margins and growth on this business are very high. Valuation is quite low and the dividend is decent. It probably will grow over time. Very, very cheap right now. He likes this.

One of the best run companies in Canada. Thinks they have plenty of store growth ahead of them. Same-store sales numbers are generally pretty good. This is effectively becoming a monopoly in this space in Canada. One day a US or international player will acquire them.

Produces lumber and logs. Very cheap stock and pays a nice dividend. He likes the sector, particularly in the US. Very good balance sheet with debt being about half of cash flow. Trading at 9X forward earnings. He likes this quite a lot.

(A Top Pick April 15/15. Up 22.27%.) This was acquired by Honeywell (HON-N).

(A Top Pick April 15/15. Down 16%.) Last year, when investors were worried about higher interest rates in the US, the stock took a hit. Earlier this year they decided they were going to split in 2 to bring out value. That will probably take all year to complete, but the stock is worth holding onto.

(A Top Pick April 15/15. Down 84.48%.) This was a mistake. It was on an acquisition spree. Their stock went down which changed their strategy. The management team left and there was insider selling. New management is cutting costs and resetting expectations. Thinks they are doing the right thing. They have some cash on hand and just did another acquisition recently. It might take 2 years to start to react.

Came out with forecasts and earnings about a week ago, and it was pretty bad. The stock took a 30% hit. They have 31 investments and some of them are not performing well. Dividend yield of over 14%, so there is the risk of a dividend cut. Not a bad company, certainly after the price adjustment, but he would be a little cautious. Has a new CEO, so he would give it a couple of quarters and let it stabilize.

The earnings and forecast were certainly not spectacular, and the company took a big hit. It is now trading at about 7.5X earnings and has a net cash position. They also raised their dividend in the quarter. There is lots of talk about declining sales in their hepatitis C products, but this is not the only product. Thinks it will be okay in the long-term. Wouldn’t expect much in the next couple of quarters.

Has been kind of quiet in the past year or so, but have been making some acquisitions. They are building their children’s library. Made some great deals with partners. Things are looking okay, but the stock is really not acting well. Thinks this is a 10-year story. Just park it and put it away for a few years, and you’ll be okay.

They continue to put up the goods. A very, very well diversified property. Likes management and the distribution. The only offset is that it is one of the more expensive REITs, but he thinks it is justified. He would prefer to pay more for a good company than less for a bad company.

This has only 3 investments right now. It is trading on the dividend. Has a pretty high yield right now of 9.7%. He would like to see them do a couple of more deals. An alternative would be Alaris (AD-T) which is not that small, but much more diversified in terms of their investments, and have raised their dividend pretty much every year for the past 5-6 years.

One of his favourite companies. They are starting to become dominant in the railway tie and telephone company market. They are building their market share, but it is still a fragmented industry and there is lots of acquisition power that they could do in North America. Companies are starting to spend again. A little expensive.