In the Canadian drug business. A bit smaller name, so probably doesn’t get the following that some of the larger names do. In his ranking, it is pretty much in the middle of the pack from a fundamental and technical standpoint. Just did an acquisition last year and he was a little surprised the stock price didn’t move up, but actually moved down. Thinks it was a function of the space in general and investors appetite for those kinds of stocks. Trades at a cheap valuation. If you are patient, it is probably a good time to Hold and you will see some capital appreciation as they continue to build out their brands and also get a little more recognition from the market for what they have and what they have purchased recently, which they got at a pretty cheap multiple.

Ranks fairly well in his process. He looks for companies that have solid, steady, growing earnings. This certainly fits that bill. There are 2 things against the stock price. 1.) Liquidity. A shareholder still owns a significant amount, and has been selling it down, so liquidity has improved a fair bit. 2.) Size. Not a super big company, so it doesn’t fit into a lot of the portfolios of the larger portfolio managers. They have a great operation with their rigs operating under contract in Papua New Guinea. Also, has a great yield that is well-maintained. Wouldn’t be surprised to see them make some acquisitions and start to expand the business.

He operates such that if anything goes against the company by 20%, he tries to Sell unless there is a real big catalyst. Everyone was quite excited about the buildup of the auto sector. Now there is a lot of talk about “peak auto”, and this company has been caught by that. Long-term this is a great company and will continue to make great acquisitions and grow. If holding for 3-5 years, he doesn’t see any problem. You can probably accumulate more on weakness. On a shorter term time frame, you might want to wait until there is a ramp up in the technicals before going back in.

Has owned this in the past. Just released their numbers, and he would have liked to have seen stronger numbers out of AMCo. However, it has been fairly steady and they did do another acquisition. From about a year ago until recently, the wind was blowing in their face and no one liked the sector. It appears some of that is now starting to come off. It looks like it might be a little more fairly valued now from a valuation standpoint. He is watching this fairly closely, and it has been improving a fair bit.

Packaging of food and healthcare products. Its history has been one of creating a lot of value for shareholders. Have done it both organically and through acquisitions, and thinks that will continue. There is starting to be some sector rotation with people moving out. When a portfolio manager makes a big move of selling down, the stock will probably take a drop, and then people who don’t own it step back in and pick it up. It has been in an up-and-down pattern. If you hold this longer-term, you will do really well. In the short term you may see some volatility.

From the beginning of the year until last week this was doing phenomenally well. They came out with earnings, and although strong, the market became concerned that they were going to have to issue some equity in order to fund their cash flow. CEO recently indicated this was not the case. The lentil business is going to be a growing and an expanding one over the next 10 years. One of the world leaders as far as the distribution and packaging. This is one you could buy on a bit of a pullback. Sold his holdings, but is waiting for the technicals to steady out a little.

This management continues to deliver. Have done some phenomenal things as far as acquisitions go. The real driver in the last little while has been the ready-made sandwiches. They have a big sandwich assembly-line right now, and are trying to grow that out as fast as they can, because it is at close to full capacity. This is a big market right now in the quick service restaurant brand area. The stock is fully valued right now, and portfolio managers are looking to go other places and using this as a source of funds. You might see a bit of chop for the next little while. He still really likes this.