Message from the President's ClubVecima Networks (VCM.TO) also hit 100% return territory in January, exactly a year after we first recommended it. It’s been a real beauty of an investment and now pays a modest dividend. I look forward to hearing more about management’s plans for capital deployment/asset disposition. HOLD. One sleeper hit for us has been Urbana Corp. (URB.TO and URB.A.TO), which has given a roughly 30% return so far. While the stock has risen, the discount to net asset value has increased. I think the stake in the Indian stock exchange could be worth a lot as India seems to finally be willing to liberalize its economy and stamp out corruption. The stake in the Canadian Securities Exchange could also be a valuable asset in time. Management continues to buy back shares and is now paying a dividend. BUY.