HOLD

Provides a camera-less type of scanning, low frequency radar, used for concealed weapon detection in malls, buildings, etc. Has a few clients set up already. It has to be installed. It can deal with crowds and unusual amounts of weaponry. You have to be patient and not expect the dollars coming in every month.

COMMENT

Recently did a debt issuance, a little odd in that it was diluted and didn't reduce the debt much. If people know there is an issue coming, it tends not to do well. He likes that this company has world beating, historic competence in high-end nickel technology. Has a sense that the high-end they are capable of is something that can actually reduce the cobalt content in a battery. Trading at $1.30. With a very, very big portion of their debt solved, they have been taken down from 30% to 12% of Ambatovy. They’re still strong in Cuba. Also has nickel and cobalt in both places.

COMMENT

The closest thing to the old-fashioned majors we used to have, in copper. Has a huge cash flow and the debt is under control. The mines are probably not the best, but are good enough, particularly in an environment where copper supply is getting critical. This company should stay strong, but you are going to see it trade like anything else. If the metal situation weakens, you might get it moving down a bit more. This is your best in Canada.

COMMENT

This was brilliant in the beginning, under different management, then it became a real downer and he is waiting to see it become seasoned in its separated roles.

PAST TOP PICK

(A Top Pick July 14/17. Up 5%.) Of all things in Fairfax, this one appeals to him. It gives the ordinary investor a way of getting into India. Also gives them a way of getting into a hands-on situation. Not just a portfolio of Indian stocks, but part of a creation/transformation of companies with some leaning towards environmental satisfying things. You need patience. When dealing with Prem Watsa, you know that you are dealing long-term with something like this. The stock is off a bit at the moment. Not a lot of interest in it.

PAST TOP PICK

(A Top Pick July 14/17. Up 160%.) The ultimate listed cobalt stock, and always has been. It's in the Congo, and is utterly controlled by Glencore (GLEN-LN). The operational side is in order, and there has been a recent tendency for people to inflate cobalt stocks in general.

PAST TOP PICK

(A Top Pick July 14/17. Down 78%.) This is not the credit cards of the banks, it is the cards that retail organizations use. There seems to be a downer going on in that business at the moment. The company just eliminated the dividend. They are the leaders, and have been 30 years in the business

COMMENT

This has been very steady and doing quite well. It doesn't get seriously bad. Well supported and has strong backing. Has a nice dividend. Well run.

BUY

Probably a Buy, unless interest rates start accelerating. He would certainly feel it is a long-term hold. As long as you don't need your capital in the next 5 years, then you are going to earn money that you can't possibly earn in the banks. A very strongly backed company. 7.8% dividend yield.

HOLD

The is in the $70s, and there are forecasts out to the $90s. Has a strong US following. There were very strong growth numbers reported. It is probably forecasting better growth than it has done in times past.

BUY

This is probably preferred, as compared to pipelines, as there is nothing particularly controversial or problematic. It has done rather well. To him, this has to be part of a core portfolio.

COMMENT

It should continue going up, because it is kind of being discovered. It has come into the market, and people are getting to know it. It is your ultimate in Canada listed wheelchair/stair lifts. A very strong company.

COMMENT

He would hope this will be a global breakthrough. The basic processes involved are dealing with Wi-Fi as it goes into the destruct phase because of too much crowding. This company has created a diversionary stream of traffic. It is looking more interesting.

HOLD

Seems to stay quite cheap and reasonable forever. You are battling with all the other situations, concerning vehicle sensitization. He would continue holding this.

COMMENT

Uranium really is the bloodied factory. You have the environmental approach. It’s not easy, and yet is one of the world's greatest highest-grade producers. They've cut production which has helped a bit, but it doesn't help forever. It’s going to stay alive, but shouldn't be your favourite at the moment.