RE: CMK- one of top 5 picksThanks for the post ... good one. I managed to find a PDF listing the companies; Here is a quote from the page and the link .. Cheers and GLTA
https://www.redwoodasset.com/doc_bin/RDEF_Dec_10.pdf
Manager Commentary
The Diversified Equity Fund was up
14.0% in Q4 and finished the year up
26.5%. Our largest positions were
some of the top performers, including
Ithaca Energy, Hudbay Minerals,
Consolidated Thompson Iron Mines
and Pacific Rubiales Energy. Some
newer additions that performed well in
the quarter included Trican Well
Services, Cline Mining, Celtic
Resources and Canadian Spirit
Resources. Wi-Lan, which we bought
in September and added to in
October, was up 51% during the
quarter following a positive court ruling
regarding its major patent suit.
Our holdings continue to favour
energy stocks as well as other
resource-based holdings, consistent
with our long-term bullish view on
commodities due to growth in the
middle class in the developing world,
especially China and India. We also
decided to enter back into financials
during the quarter. After a mostlysideways
year from TD Bank, we
added it due to its US exposure (we're
bullish believers in a US recovery) and
smart acquisition of Chrysler Financial.
We made Martinrea one of our
largest investments in 2010 because
we believe that financing for
automobiles would become easier
thus helping auto sales in North
America, and TD Bank entering into
the auto financing business will only
help.
PORTFOLIO MANAGER
Mr. Decter is a Harvard trained economist, Senior Portfolio Manager and President and
CEO of LDIC Inc. He is also the author of three financial books including 'Michael Decter's
Million Dollar Strategy' (1998), 'The DRIP Strategy: Building Your Wealth One Share at a
Time with Dividend Reinvestment Plans' (2001), and 'Ten Good Reasons To Invest in
Canada' (2008).
LDIC Inc. provides financial services to high net worth individuals and currently has nearly
$350 million assets under management. Mr. Decter's primary focus is value investing.
As the former Deputy Minister of Health for Ontario and Cabinet Secretary in the
Government of Manitoba, Mr. Decter is a well-recognized speaker on broader political and
economic issues. He was the founding former Chair of the Health Council of Canada and
the former Chair of the Cancer Quality Council of Ontario. Mr. Decter continues to serve as
the Chair of the Wait Times Data Certification Council of Ontario. In 2004, he was awarded
the Order of Canada.
INVESTMENT APPROACH
The Fund's objective is principally to provide long term capital appreciation with the potential
for income by investing primarily in Canadian equity investments, income trusts, fixedincome
investments and other Canadian income producing securities.
HISTORICAL PERFORMANCE
Year Q1 Q2 Q3 Q4 YTD Benchmark *
*Benchmark is a blend which consists of 80% S&P/TSX Composite Index and 20% DEX Universe Bond Index
FUND PERFORMANCE
Comparative Analytics Fund Series A Fund Series F
POSITIONS