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Markets. He has a long short strategy to help him sleep better at night. He is agnostic to what the market is doing. Long has market risk, industry risk and industry specific risk. He isolates the company specific risk with pair trades. He pair trades within an industry space. A Mid cap is $200 Million to $2.5 Billion. There are about 450 mid-caps and 200 if you take out resources.

It has a good run this year based on Sears mattresses. They also had good numbers. There is also a scarcity for consumer stocks in Canada. This is a stable name a decent long term hold. You want to go and test a mattress.

It has been a difficult one. It split from its ECN and is now trading as two separate elements. There was suspicions that a short seller would go after them. People are concerned about the direction of the company. It will be reasonably sensitive to US economic conditions.

There was a press release today with regards to a sale or a purchase order. About a year ago he had this as a short pick and it came down considerably. They missed the target considerably. He feels he is missing something on this stock.

It was a Top Pick recently. He toured their airport. Most take offs between 10 and midnight are theirs and he was there to see that. He was struck by how long their employers have been there. He likes that and the stability and the business. They have contracts for Purolator, DHL and Canada Post. 90-95% market share. They have leased out 90% of their capacity. There is considerable upside on their share price.

(Top Pick Jun 10’16, Up 3.42%) Last year they announced a 4 stage plan. At the end of October they announced a privatization plan, but it has been delayed. They are considering a private debt fund. Hold it if you understand the math.

They have been experimenting to find something that will work. Their model has not been able to prove itself. There is a lot more downside ahead.

Pretty cynical about this stock. It is a Canadian designed mini bus for public transportation. But it was manufactured in China. If he had a choice between buying and selling he would sell.

The real estate play on this has caught people’s attention. A lot of the stores could not really afford to pay. They have to wait to pay out until they are more profitable.

A long strategy. Fiber gas tanks. He thinks they still beat their street target. (Analysts’ target: $14.50).

A Painful Position. Their products are more of an intermediate product. He has really liked the story. It has not been great execution. The plant in Sarnia needs to run at a higher capacity. People need to see that they can sell the products they produce. It is a very much wait and see story. He is not adding more to it until they have proven that they can deliver. They have been talking about a joint venture in China and the Q2 results in August could be another catalyst.

*Short*. (Top Pick Jun 10’16, Up 9.11%) This is a paired trade for him. He has no specific target.

* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers. He thinks the industry as a whole is still going to suffer from the continuing trend.

Prefers the preferred B shares. There is a nice upside if they were redeemed. It has been a laggard. They made a big acquisition in the energy space and so are more energy focused than peers. It may not be a bad time to pick up more shares of this one.

He has held the name for a very long time. It is a name he really likes and likes the stability of the business. They diversified recently and bought a HVAC business which is much more dependent on the weather. Due to our mild winter weather last year the stock went down. It has rallied since then and he believes it is still a good long term name. Also, believes that the share price may not reflect the sub-metering business they have.