CymorFund Update On 4 Stocks We Own

CymorFund Stock Picks Reports to its Premium Subscribers

Stock market

We currently have 14 stocks in our portfolio. We provide our opinion as to when to buy, when to sell, why to buy, and why to sell, as well as updates on holdings.

For 2014, we started the year with 13 stock picks and added Temex in January 2014 for a total of 14 stock picks in our portfolio currently. In the first 21 days of 2014, this portfolio increased in value 19.7%, which is a very nice start to the year.

Today, we review the first 4 stocks in our portfolio. For detailed information on the individual company and why it is in the portfolio, refer to the original Stock Pick which can be found on “Stock Picks Page” (available only to Premium Subscribers)

 

Argent Energy Trust (TSX: AET.UN)

CymorFund Stock Picks

Argent is a mutual fund trust under the Income Tax Act (Canada). Argent’s objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States.  

This is a stable conservative investment currently yielding a dividend return of 13.2%.  which is a remarkable return in today’s low rate interest environment. As most REITs and other vehicles have a much lower yield, we believe this stock has a large upside. It is nice to recieve 13.2 on your money while you just wait.

We started 2014 @ $7.68. It is now $7.99, and the dividend keeps coming in, while the stock continues to increase in value.

 

Atrium Investment Corp (TSX-AI)

CymorFund Stock Picks

Atrium Mortgage Investment Corporation (“Atrium”) is a Canadian non-bank lender that provides creative financing solutions in both the commercial and residential real estate sectors. The company was founded in 2001 and has implemented a disciplined lending approach in growing its mortgage portfolio to over $275 million. Atrium has a stable and conservative mortgage portfolio.

Atrium has just increased its dividend and and at today’s stock price it yields over 9% per annum. 

 It is nice to receive 13.2% on your money while you just wait.We started 2014 @ $10.72. It is now $10.80, and the dividend keeps coming in, while the stock continues to increase in value.

 

Carfinco Financial Group Inc (TSX-CFN $11.12)

Carfinco

Carfinco  is in the subprime car financing business. They borrow money at approximately 4% and lend it out at 29% or greater. Then they charge a fee on each loan up front, making their total charge effectively 33%. The difference provides a very substantial profit to Carfinco. If they incur losses from bad credit borrowers, the large interest spread protects them from any losses, and when losses are subtracted from interest charged, there is still a large profit. 

Carfinco is expanding rapidly and recently purchased a similar business in the USA. It has nowhere to go, but up. The market for their services is immense.

 It is nice to receive 4% on your money while you just wait. We started 2014 @ $12.46. It is now $12.00, while the dividend keeps coming in.

 

Detour Gold Corporation (TSX-DGC)

Detour Gold

There has been a meltdown in the price of some outstanding resource companies. Detour Gold Corporation is such a company. DGC is producing gold, and is in position to become Canada’s largest operating gold mine. Its shares were trading in October 2012 in the $28 range, and there has not been any significant negative event in the company. Yet in March 2013, all resource stocks took a brutal beating as the price of gold fell to the $1,200 range.

Detour fell to under $3.00. Yet it continues to produce gold and make a nice profit. The stock does not reflect the value of the company. We started the year @ $4.10. It is now $6.29, a  50% increase in value, and will continue to rise.

 

The CymorFund Portfolio

We currently have 14 stocks in the portfolio. In January 2014, the portfolio increased almost 20% in 21 days to start the year.

We will update the next 4 stocks in the portfolio shortly.

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This information is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in the respective fields. No representation is made or implied that the reader will do as well from using the suggested techniques, strategies, methods, systems, or ideas; rather it is presented for news value only. We do not assume any responsibility or liability whatsoever for what you choose to do with this information. Use your own judgment. There are no guarantees.

We may or may not have positions in securities we name. In making an investment decision consider numerous factors such as portfolio balancing, timing, cash and capital reserves, asset allocation and other. Do your own research. Matters discussed contain forward-looking statements that are subject to risks and uncertainties and actual results may differ materially from any future results, performance or achievements expressed or implied.

Views expressed are opinions and not investment advice. You should retain a licensed professional to guide you and not rely on the opinions expressed herein. This report is neither a solicitation nor a recommendation to buy or sell securities. We are not a registered investment advisor nor a broker-dealer. Any perceived remark, comment or use of organizations, people mentioned and any resemblance to characters living, dead or otherwise, real or fictitious, is purely unintentional and used as examples only. 

By Larry Cyna

Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele. He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section. He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants. He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm. Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.