Winpak Ltd. (WPK.TO)

He met with them about a year and half ago. They are a meat packing company. They recently missed their earnings target and he doesn’t think the earnings growth will be great into the future. He likes the overall business, but it is still too expensive. He see competitors moving into the space.

The market has a group of packaging companies that are absolutely killing this company. He likes the space. It’s fairly high margin, and is still relatively fragmented in terms of being acquired and consolidated. The recent drop in this is definitely a buying opportunity.

A packaging idea. A lot of negative sentiment has been put into these names. They are getting more into recyclable products. They have a lot of cash on their balance sheet. He thinks now is the time to buy it on the dip. (Analysts’ target: $55.00).

A volatile stock. Chart shows that there is a trend. The stock is making higher highs and higher lows, but is currently testing the trend line again. So long as the last low is higher than the previous low, and the last high is higher than the previous high, you are still in an uptrend. If the stock remains above the 200-day moving average, it is still OK to own.

It is a really well run company. It does not get a lot of attention. It is not cheap but is a slow and steady performer. You might want to own it when there is a market correction.

This is in the packaging business. Historically, the float was a very small because of a controlling shareholder, so it didn’t attract a lot of analysts’ attention. However, brokers have picked up coverage and the stock has done quite well. Quite profitable and great earnings growth.

A great packaging company and have done a tremendous job. They had an issue with their controlling shareholder for quite some time, with respect to capital allocation. That has improved, and there is time to improve more. They continue delivering year in and year out. You are going to be well suited to own this for the longer-term. Expects there will be more dividend increases and more accretive acquisitions from them. A little expensive, but if you have a long-term horizon, you are going to do well.

(A Top Pick Jan 6/16. Up 1.36%.) This is flat, and it really speaks to one of the themes he is seeing in the portfolio. What would be great for them is that they could make some kind of acquisition or get acquired. They’ve got a very highly desired business. No debt. Generates tons of cash. They make packaging for food. A great business.

(Market Call Minute.) Excellent business. Has been hurt by commodities. Very high quality management team.

He really, really loves this, but has failed to pull the trigger on numerous occasions. A little pricey but a really well run company. Great value added packaging. Growing mostly organically. Buy on weakness, but it doesn’t weaken too often. You would hold this for the long run.

(Market Call Minute.) He loves this. A great solid business that you could own for the next 20 years, but it won’t be around for that long.

Packaging of food and healthcare products. Its history has been one of creating a lot of value for shareholders. Have done it both organically and through acquisitions, and thinks that will continue. There is starting to be some sector rotation with people moving out. When a portfolio manager makes a big move of selling down, the stock will probably take a drop, and then people who don’t own it step back in and pick it up. It has been in an up-and-down pattern. If you hold this longer-term, you will do really well. In the short term you may see some volatility.

All kinds of packaging. A really well run company. Believes management has been doing an excellent job. The one thing they haven’t been doing is finding good acquisition targets. He is willing to jump on the valuation at these levels, because their cash position, the special dividends they give, and the optionality and catalyst that they potentially have going forward, could give you some nice expansion. No debt on the balance sheet. All the cash they generate is going to either go for a deal or paid out as a special dividend.

A great little packaging business in Winnipeg. There has been an evolution in packaging where they are using different shaped plastics. This company is at the forefront. The balance sheet basically has no debt. They also have the tailwinds of the lower Cdn$. They could potentially make a deal, and he thinks they are pretty close to that because they want to get into new lines that they have never been able to do before, but know that they can do well. Dividend yield of 0.27%.

Likes this company. No debt. Has a market multiple, so is not cheap, but has been a great performer over the last year. Good free cash flow to enterprise value.