Resolute Value A PLusWhen I was a Boy , Abitibi was one of the 10m largest companies in Canada . I think they are starting to reclaim their luster . Resolute ( Formerly Abitibi Bowater ) is now my largest position of 20 stocks I own in my RRIF and TFSA accounts . What I like is : 1) Trading at about 50 % of book value , 2) It will make 4 dollars plus a share in profit this year and next . Who knows how much after that , 3) They are reducing their position in under performing assets , such as tissue and paper , 4) As interest rates rise their pension obligation is reduced significantly , 5) Their debt level is very low , if any after this quarter , 6 ) They are buying back shares on the cheap , 7 ) For a company with over 4 billion dollars of sales , there are a very low number of shares outstanding . 8) Fairfax and other institutions own about 80 % of the shares outstanding , 9 ) They will receive a large amount of cash when the Calhoun facility sale closes . 10 ) Management seems focused on making things happen and making this company very profitable , 11 ) They may receive back U.S. Government duties , which are in the hundreds of millions . I coulkd add more , but I am getting tired . I own my shares in U.S. dollars on the NYSE , where it trades significantly more volume that on the TSX . Oh , by the way , Did I say that I like the compay ?