The balance sheet is in good shape. They have been building new plants in Toronto and Vancouver and developing new markets in the UK. There is about 1.4 times debt to EBIDA, so there are no concerns.

This started as a Western Canadian focused REIT and has expanded into the US. Their payout ratio is a little higher than others, but overtime this is an investment that will pay well and he has faith they will work to lower the leverage on the balance sheet. Yield 8.4%.

They recently reported very strong earnings and have good success in the cloud technology. He likes the dividend growth. The stock is getting more expensive, so it is a good hold here.

This lumber distributor sells to the large retail outlets. He does not like their debt levels after an acquisition in the US and thinks this is holding the dividend from being increased. The distribution business is very competitive and he would prefer not to hold this.

The media sector is so competitive. They have a good network of radio stations as well. They cut the dividend by 60% a few weeks ago. The CEO is doing all the right things by selling off some assets. If you have longer term target and believe management can de-leverage itself, it may be a speculative buy.

This has been one of the top performers on the TSE over the past year. Making the Airbus deal to expand manufacturing into Alabama was a good move. As they move to being free cash flow positive, they may be able to re-instate the dividend.

This company produces paper towels and other paper products. The rising cost for pulp has hurt their bottom line. China is buying more pure pulp fibre and this is hurting their business. Yield 7.4%. (Analysts’ price target is $11.00)