Exchange Income Corporation (TSX: EIF, OTC: EIFZF)

This is not an easy company to understand because it has many moving parts. It’s an acquisition-oriented corporation with interests in aerospace, aviation, and manufacturing. The business plan is to invest in profitable, well-established companies with strong cash flows, operating in niche markets. It runs several regional airlines including Calm Air, Keewatin Air, and Carson Air. Manufacturing subsidiaries include Quest Window Systems, Ben Machine Products, and recently acquired Northern Mat and Bridge. Provincial Aerospace operates PAL Aerospace, which designs, builds, maintains, and operates customized sensor equipped aircraft that are utilized globally for intelligence, surveillance, and reconnaissance missions and maritime patrol aircraft. And this only scratches the surface. This is a very diversified company.