CTL, GG, HTS, CVE.

CTL.. Legacy telecom company continues to report solid earnings and continues to make us believe it is undervalued at $39.  It is not as good a buy as it was at $34, but should find it's way to the low $40's over the next year and pay you a very safe handsome 7% plus dividend.  We can not find anything not to like about CTL. The free cash flow makes the dividend payout around 50% which in the legacy telecom market is the sign of fiscal strength. The integration of the last three mergers is running smoothly and the cost savings being found.  Frankly we still love this stock and wish we had placed a higher position in it earlier. 

GG...Posted a fabulous earnings report that safely beat the street.  They also noted the continued opening of new mines and the ramp up of the old ones. GG is the lowest cost gold producer on the planet and with new mines opening every year through 2015 if you want to own gold then this is your ticket. If gold prices remain anywhere near where they are now GG will have a floor in the price and should move upwards with increases in profits. Pays a monthly dividend that is percentage wise maybe tops in the gold business. That payout should increase as well since profits are headed up. One of our largest positions and we are happy as we can be holding this security.

HTS...One of our favorite agency reits. Yes, there we go again talking about these reits. But with a slightly lowered dividend that still pays out over 12% what is not to like. HTS is another low cost company that watches it's pennies and that is shareholder friendly. Good price, good stock and what should be a 90 cents per quarter payout for at least one year. You can keep your gambling capital gains stock and we will take the safe and secure 12%. 

CVE... We have opined about this Canadian oil producer several times before and like it even more after the latest earnings report. This company now is in the late staging of start up phase of getting at their huge underground supply of oil in Canada. This is safe secure and Obama free oil in Canada where you can settle back with CVE in your portfolio and relax.  In return CVE will pay you a current dividend of 2.3% which just got increased. Those increases will keep coming as the company begins to ramp up production. There is no reason this stock should not be at $100 or more in 8 years or so and continue to reward investors with capital gains and dividends for many decades. 

We own positions in CTL and GG.