Pat McKeough

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.

As early as 1980, Pat was recognized as #1 in the world of published investment advice by the Washington, DC–based Newsletter Publishers Association, and he was the first multi-year winner of The Globe and Mail’s stock picking contest.

Both CBS MarketWatch and The Hulbert Financial Digest recognized Pat as one of North America’s top stock analysts. The Wall Street Journal called him “one of only four investment newsletter advisors who have managed to serve their readers well over the long haul.”

A best-selling Canadian author, he wrote Riding the Bull, his 1993 book that predicted the stock-market boom of the last half of that decade. Through his many television appearances, he is well-known to investors for his insightful analysis and his candid, unpretentious style.

Bottom line: Pat’s conservative, reduced-risk strategy is a proven approach to safe investing.

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To determine when to buy an ETF, some investors use technical analysis and other tools. But you need to dig deeper.
MART RESOURCES $0.25 (Toronto symbol MMT; TSINetwork Rating: Speculative) (403- 270-1841; www.martresources.com; Shares outstanding: 356.6 million; Market cap: $89.2 million; No dividends paid) has been successfully taken over at $0.25 a share by a consortium. Midwestern Oil and Gas Company Ltd., San Leon Energy plc and 1038221 B.C. Ltd. make up the group of buyers. Apart from regulatory and shareholder approvals, the deal was contingent on the consortium arranging financing. The transaction ran into a number of delays, but was finally able to attract the funds it needed for the takeover....
YAMANA GOLD $5.43 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 947.2 million; Market cap: $5.3 billion; Dividend yield: 0.5%) owns and operates 10 gold mines in Canada, Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/ gold mine in Argentina and has a number of other properties in advanced stages of development. In the three months ended December 31, 2015, the company’s gold production fell 1.9%, to 345,788 ounces from 352,572 a year earlier. The decline was the result of lower output at some of Yamana’s smaller mines. Gold prices fell 8.2% in the latest quarter. That, plus the lower production, cut Yamana’s cash flow by 14.8%, to $150.5 million from $176.7 million. (All figures except share price and market cap in U.S. dollars.) Cash flow per share declined 20.0%, to $0.16 from $0.20, on more shares outstanding....
IAMGOLD $3.72 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 405.9 million; Market cap: $1.5 billion; No dividends paid) owns 41% of the Sadiola mine in Mali; 90% of the Essakane mine in Burkina Faso; 100% of the Westwood mine in Quebec; and 95% of the Rosebel mine in Suriname, South America. It also owns 92.3% of the Cote gold project in Ontario. In the three months ended December 31, 2015, IAMGold’s revenue fell 12.6%, to $238.2 million from $272.5 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Cash flow per share dropped to $0.02 from $0.25. Lower gold prices and production caused the declines. IAMGold’s long-term production outlook is positive. Meantime, the company holds a high $691.3 million in cash and gold bullion. Most of that cash came from the $500 million sale of its Niobec niobium mine in Quebec’s Saguenay-Lac-Saint-Jean region in early 2015. When used as an additive, niobium makes steel stronger, more heat-resistant and easier to weld....
ALAMOS GOLD $7.83 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681- 2802; www.alamosgold.com; Shares outstanding: 268.2 million; Market cap: $2.1 billion; Dividend yield: 0.3%) owns the Mulatos and El Chanate mines in Mexico and the Young-Davidson mine in northern Ontario. In the three months ended December 31, 2015, Alamos’s gold production rose 5.7%, to a record 104,734 ounces from 99,083 a year earlier. However, lower gold prices offset the higher production. That caused the company’s cash flow per share to fall to $0.07 from $0.22 (all figures except share price in U.S. dollars). Alamos holds cash of $289.6 million. The company’s outlook is positive, but like most gold producers, its shares will be heavily influenced by the future direction of gold prices....
MITEL NETWORKS $8.78 (Toronto symbol MNW; TSINetwork Rating: Extra Risk) (613-592-2122; www.mitel.ca; Shares outstanding: 120.8 million; Market cap: $1.1 billion; No dividends paid) develops products for business telephone systems. It will buy another industry company—Polycom (symbol PLCM on Nasdaq)—for $1.96 billion U.S. in a friendly takeover. Activist investor Elliott Management Corp. has pushed Mitel to join with Polycom. Elliott first acquired stakes in the two companies in October 2015. It now holds 6.6% of Polycom and 9.6% of Mitel. Mitel will pay $3.13 U.S. in cash plus 1.31 Mitel shares for each Polycom share....
CALIAN GROUP $19.85 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.4 million; Market cap: $147.3 million; Dividend yield: 5.6%) is the new name of Calian Technologies. The company also changed its stock symbol to CGY from CTY. Calian made the name change because of its expansion into new areas such as healthcare through its Business and Technology Services unit. That subsidiary supplies 70% of Calian’s revenue and provides corporate clients with engineers, health care workers and other skilled professionals on a contract basis. The company’s Systems Engineering business (30% of revenue) sells hardware and software for testing, operating and managing satellite and other communication systems....
NISSAN MOTOR (ADR) $18.64 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310- 771-3111; www.nissan-global.com; ADRs outstanding 2.2 billion; Market cap: $42.2 billion; Yield: 3.2%) is Japan’s secondlargest automaker, behind Toyota and ahead of Honda. Nissan sold a record 163,559 vehicles in the U.S. in March 2016, up 12.7% from 145,085 a year ago. Incentives helped fuel the sales gains. Nissan’s average incentive per vehicle was $3,362 in March, up 5.6% from a year earlier. That was the biggest among major foreign automakers....
ATLANTIC TELE-NETWORK $71.94 (Nasdaq symbol ATNI; TSINetwork Rating: Extra Risk) (340-777-8000; www.atni.com; Shares o/s: 16.1 million; Market cap: $1.2 billion; Dividend yield: 1.8%) owns wireless and land-line operations in the U.S., Bermuda, the Caribbean and Guyana. It also owns solar power plants that sell electricity under long-term contracts. The company has now purchased the development business of U.K.-based Armstrong Energy Global. Armstrong develops, builds and owns solar farms in India. Over the next six to nine months, Atlantic plans to build solar plants in India with generating capacity of 50 megawatts. The company sees India’s favourable climate and unmet energy needs as ideal for solar power operations. It believes that solar energy development costs in many regions of India have reached grid parity. That means Atlantic can generate electricity at a profit without relying on direct government subsidies— something rarely, if ever, accomplished....
WYNDHAM WORLDWIDE $77.67 (New York symbol WYN; TSINetwork Rating: Extra Risk) (973- 753-6000; www.wyndhamworldwide.com; Shares outstanding: 112.5 million; Market cap: $8.7 billion; Dividend yield: 2.6%) is one of the world’s largest hospitality companies, with 7,800 franchised hotels globally. Wyndham also manages vacation resorts, rental properties, luxury clubs and timeshares. It currently has around 112,000 vacation-rental properties in 100 countries. In the three months ended December 31, 2015, Wyndham’s revenue rose 6.5%, to $1.31 billion from $1.23 billion a year earlier....