A perpetually challenging stock. They now focus on aircraft. Their balance sheet continues to be a problem; they're still burning cash flow even though they're winding down their capex program this year. As demand for business jets increases with reopening, then their balance sheet can improve in coming years, though it's not guaranteed. He would avoid this.

They recently increased their potash output. They've done a good job streamlining operations. They are worth watching, but he's cautious, because there is low-cost production coming out of eastern Europe. Enter on a pullback at $60. He used to own this, but not now.

He's taking a serious look at this. They're in a unique situation: they will sell some assets and acquire Discovery, and will cut their dividend in mid-2022 by roughly 40%, though it is high right now. Their new CEO started last year, and things seem to be heading in the right direction. If you want income, you can still invest in this and hold it in an RRSP. It trades around 9x earnings. The Canadian telecoms are a lot more expensive, by comparison at 17-19x PE, but you'd buy these for the dividends.

Canadian forestry stocks Lumber prices have seen a huge rise this year along with many commodities, given demand but also supply constraints caused by the pandemic. As a group these stocks are discounting $400-500 against lumber futures, which show that prices will come down. He's wary of these stocks. He would sell. The good times won't last forever, and things can change very quickly.

(A Top Pick Jul 08/20, Up 11%) He's still buying it. It pulled back earlier this year due to higher freight costs so they lowered their guidance, but the growth outlook is phenomenal. Their stores perform very well, and they're trying more products above $1. They can do well in a good or bad economy. Resilient.

(A Top Pick Jul 08/20, Up 27%) He still likes it. A super compounder. Revenue came off a little due to Covid, so growth has lagged peers, but recent quarterly numbers shows growth started to pick up, due to a backlog in bookings. Cash flow remains very strong, so they can buyback shares or complete acquisitions. Likes the valuation.