News

Issue 5

Canaccord Genuity Corp. and National Bank Financial Inc. are leading the initial public offering of American Hotel Income Properties (AHIP). Palos had a one-on-one meeting with management a few days ago. AHIP’s strategy is consistent with our view — you need to be creative in the REIT space for valuations on traditional REIT’S have crept […]

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Issue 4 – Why We Love Uncle Sam

While we recognize that recent stock market performance has a lot to do with the application of easy money in terms of cost and availability, it remains that the US economy is doing fairly well when compared to other developed economies. Corporate profits are beating expectations, confidence about the future has improved and the housing […]

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Issue 3 – Pair Trade in the Pressure Pumpers

Pressure pumpers are companies that offer fracturing and chemical stimulation services to enhance oil and natural gas production. There are three Canadian publicly listed companies that provide these services: Trican Well Services (TSX: TCW), Canyon Services (TSX: FRC), and Calfrac Well Services (TSX: CFW). The three companies usually trade in tandem. However, a trading opportunity […]

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Issue 1 – 2012 Report

Palos is pleased to announce that the Palos Income Fund was up 5.5% for 2012. This brings the Palos track record to 9 years of positive returns and 9 years of outperforming the TSX since its inception in 2002 and translates to a compound annual return of approximately 11.05% compared to 7.12% for the TSX. […]

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Issue 14

Palos Income Fund By Charles Marleau, Yarith Chhiv & Adam Smalley Scotia Plaza, in Toronto, has been in the news lately as Bank of Nova Scotia (BNS) said that it is exploring a sale of its trophy headquarters. A sale would be a positive for the bank and, as a shareholder in BNS, the Palos […]

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Issue 13 – Dividends

Palos Income Fund By Charles Marleau, Yarith Chhiv & Adam Smalley The Palos Income Fund took advantage of difficult market conditions this week by tactically trading our portfolio. First, we covered some of our short positions at attractive levels. Second, as volatility on the TSX rose, option premiums rose as well. We sold call options […]

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Issue 12

Palos Weekly Commentary Palos Income Fund By Charles Marleau, Yarith Chhiv & Adam Smalley The Palos Income Fund added more Teck Resources Ltd (Teck) to its core holdings. Our thinking is that steel demand and prices in the US will pick up. Teck is one of the most important sources of coking coal in the […]

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Issue 8

“This week, Palos Income Fund received positive news from two of its core holdings. Magna International (Magna) reported a strong quarter and raised its quarterly dividend…” View Full Commentary in PDF

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