CKUA

[KastelCo]

My biggest theme is still CASH, then YIELD... if reflation works.. it'll still be a while before commodities run again.. at least now I know a lot of the better names... senior and junior :O)

Broken down on the long side:

Clean/Alt Energy:
* BORALEX POWER INC FD TR UNITS (BPT.UN)
* NORTHLAND POWER INC FD TR UTS (NPI.UN) (not 100% but has wind)
5N PLUS INC (VNP)
SUNTECH PWR HLDGS CO ADR (STP)

Healthcare:
* MEDICAL FACILITIES CORP INC PA (DR.UN)
* NORTHSTAR HEALTHCARE (NHC)
* CML HEALTHCARE INC FD T/U (CLC.UN)

Infrastructure (a broad topic)
* AECON GROUP (ARE)
* ARMTEC INFRASTRUCTURE INC FD T (ARF.UN)
* GENIVAR INC FD TR UNITS (GNV.UN)
* STUDENT TRANSN AMER LTD (STB)
GENERAL CABLE CORP-DEL NEW (BGC)
* NEW FLYER INDS & NEW FLYER IND (NFI.UN)


Energy:
* NEWALTA INC FD TR UNIT (NAL.UN) Converts to corporation Jan 1, Yield plummets to 8% also an outside the box 'green play'
* VANGUARD NATURAL RES LLC (VNR) a US MLP almost 2 years of hedges to protect distribution.. Priced as if NG cannot rebound in that time frame... wish I delayed the buy though..

REITS and similar:
* NORTHERN PROPERTY REAL EST INV (NPR.UN (Canadian government and large corporations biggest clients)
* CDN REAL EST INVESTMENT TR UNI (REF.UN) very conservative REIT
* KILLAM PROPERTIES (KMP) upscale trailer park boys :O)

MISC:
* HOME EQTY INC TR UNITS (HEQ.UN) Reverse mortgages
* DDJ HIGH YIELD FD (HYB.UN) Junk Bonds.
* KINGSWAY FINANCIAL SERVICES (KFS) Insurer / reinsurer.
* MORNEAU SOBECO INC FD UNITS (MSI.UN) Pension consultants
* PEMBINA PIPELINE INC FD TR UNI (PIF.UN) Pipeline
* SPROTT (SII) play on commodities mostly
* ING GROEP N V PREF CTF 7.3750% (IDG) Preferred shares of ING Bank
COLLECTIVE BRANDS (PSS) Cheap shoes... great earnings.. again.. folks need shoes to look for work and food :O)
* SENTRY SELECT DIVERS INC TR UN (SDT.UN) Diversified trust..



Hedges:
HORIZONS BETAPRO S&P/TSX CAPPE (HED)
HORIZONS BETA PRO S&P/TSX 60 B (HXD)
HORIZONS BETAPRO S&P/TSX GLOBA (HGD)
HORIZONS BETAPRO S&P/TSX GLOBA (HFD)

All hedges have tight stops here.. oil due for bounce.. financials ? Rebound overdone methinks.. MFC for example as other big lifecos will suck until market rebounds... Banks.. solid but rev's dropping until market rebounds.. most money from jacking up our fees :o(
Gold ? Never dropped enough...