Michael SmedleyHomburg Invest Inc. (B)HII.B.TOTOP PICKAug 03, 2007

Real estate. 8.5% dividend. Listed on the European exchange and probably better known in Europe. Excellent management.

Michael Smedley

Owned

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$5.85

Stock price when the opinion was issued

property mngmntinvestment

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Basically a Dutch company. About 60% of their assets are in Germany and Holland. Have assets of West, Montreal and Halifax. Likes the European exposure. Have too much debt right now and are planning to go to the market.

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Michael SmedleyHomburg Invest Inc. (B)HII.B.TOTOP PICKAug 03, 2007

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Homburg Invest Inc. (B)(HII.B.TO)

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