A really, really good quality company. He likes being conservative, and earlier this year the company said it is not going to be quite as hot as they thought, but then came through and delivered the goods. There is a shift of spending in those industries, and they are very well positioned. Made some great acquisitions, vertical integration and drove down costs. A solid name you don't have to worry about.

One of those resource themes he is starting to look at. Has it in his growth portfolio. Probably the purest play in zinc in the Canadian market. Very, very highly leveraged towards the metal. The balance sheet isn't too bad. As we get global synchronized growth, there is no real reason why this can't continue to do well. There is one caveat. There is some production coming back on stream and metals are cyclical, so you have to keep an eye on how much production is coming on, versus what the economic demand is.

He would put this in the so-so category. This year one of their largest investments got taken out. They made another investment, but also have 3 or 4 investee companies that are not doing so well. They are starting to deal with that, but investors are basically saying they are going to look at this company when all their problems are solved. Investors are also worried about the 8.5% dividend. He doesn't think it will be capped, but wouldn't call it 100% safe either. A very well-run company that is going through a problematic period of time. They earn 15%-16% royalties on their investment, and you don't get that type of return without some risk. Unfortunately, they hit 3 or 4 problems all in a short period of time.

There is a lot of weird trading at year-end. You have portfolio managers changing, Short covering, sector reallocation and tax loss selling. He would bet this company’s problem is year-end positioning. A nice solid company. Wouldn't put it in the high growth category. If markets are going to go on a tear, this will underperform. If the market does go down, you are going to be glad you owned it. They sign 10-year facility contracts with their customers.

A lot of his customers are worried about NAFTA. It has been dragging on for so long, and meanwhile this company keeps hitting new highs every other day. Feels it is starting to be valued as if NAFTA is going to go away. They have lots of European business which he wouldn't be concerned about. Has a fabulous balance sheet. If they are worried about the N.A. market, they can totally go into any other country and make a really big acquisition. Even if NAFTA is thrown out, investors just like certainty. They can't really value things properly because they don't know what is going to happen. This company could go either way. This will pass over time and they will just keep growing.

The majority of revenue is coming from semiconductors. Has a high cash position and good insider ownership. This has done very, very well. If they moved to the TSX, that would help valuations. It is really a question of the semiconductors’ cyclicality. You have almost all revenue coming from one particular sector, and some large customers that are expanding. When that cycle turns, investors are wondering what happens to this company's great, huge, fantastic growth rate. There is a risk, this being a relatively small company. Feels the cycle probably has a little more leg to it and wouldn't be too concerned.

Makes riskier type loans to a wide range of companies. If they don’t work out, then they take the equity in and try to fix the problem. Put themselves up for sale and were going to privatize. An independent valuation was in the $18-$20 range. There was a lawsuit. The person suing was saying bad things about the company. The stock dropped from $17-$18 down to below $10. Meanwhile the company and insiders continued to buy back and the company was saying they were still on board with the privatization process. This has a bit of a mixed view, but they continue to pay the dividend and continue to buy back stock. It has dragged on for almost a year, and investors are getting frustrated. Dividend yield of almost 12%.