(Business Edge columnist Gyle Konotopetz regularly profiles the top stock picks of some of Canada's most accomplished investment pros.)

FEATURED PRO: Dave Burrows is managing director and investment strategist with Rockwater Asset Management (www.disciplinedleader ship.com). The Toronto firm manages the five Disciplined Leadership funds (Canadian equity, U.S. equity and high income).

Fund Form: The Disciplined Leadership Canadian Equity Fund A has a six-month return of 7.6 per cent compared to the group average of 7.2 per cent, while the Disciplined Leadership U.S. Equity Fund A has a six-month return of -3.8 per cent compared to the group average of 4.3 per cent.

Burrows' Perspective: "The market is correcting midstream in a cyclical bull market. Economic growth is slowing and market expectations are moderating. Earnings growth is slowing, but not stopping. As a result, the market is shifting gears to less economically sensitive sectors with more predictable growth such as health care. The correction after the first significant leg up in basic materials and energy can be 20 to 40 per cent along the way.

Dave Burrows

"In this market, dividend yields are important. Remember that until about 1958, investors bought stocks primarily for dividends. Investor interest in the income trust sector confirms the importance of dividends and distributions."

First Star

* Cash ($$$)

* Recent Price: Canadian dollar = $0.8053 US.

* Burrows' View: "We are holding a large cash position and watching for the correction to run its course and for new leadership to emerge. Our market risk models show no new positive signals. Until that occurs, we will retain cash, which is obviously the lowest risk."

* Burrows' Risk Rating: Low.

Second Star

* Rogers Communications (TSX:RCI.NV.B)

* Recent Price: $37.25.

* 52-Week Range: $22.30-$38.

* Snapshot: Rogers is a communications and media company providing cable TV, Internet access and video rentals through Rogers Cable, wireless communications through Rogers Wireless Communications and radio and TV broadcasting, television shopping and publishing through Rogers Media. The company recently bolstered its foothold in telephony with a takeover bid for Call-Net Enterprises, the parent of Sprint Canada.

* CEO: Ted Rogers.

* Head Office: Toronto.

* Vital Stats: 2004 Revenue, $5.60 billion; 2004 Earnings/Loss, $13.22 million Loss; Market Cap, $10.25 billion; Shares Outstanding, 275.21 million.

* Burrows' View: "We like this stock in a difficult market because Rogers is not economically sensitive and it is a cash-flow story. The market appears to be placing a premium on growth and predictable cash flows. Rogers is also attractive because it has diverse complementary businesses and recent acquisitions will afford it cost savings once integration expenses are incurred. The company should generate $575 million in cash in 2006."

* Burrows' Risk Rating: Medium.

* Web Watch: www.rogers.com

Third Star

* Keyera Facilities Income Fund (TSX:KEY.UN)

* Recent Price: $15.65.

* 52-Week Range: $10.75-$16.11.

* Snapshot: Keyera is in the natural gas midstream business, providing facilities in Alberta and Saskatchewan for natural gas gathering and processing, transportation, storage and marketing.

* CEO: Jim Bertram.

* Head Office: Calgary.

* Vital Stats: Monthly Cash Distribution, 11.3 cents per unit; Current Price/Earnings Ratio, 19; 2004 Revenue, $750.16 million; 2004 Earnings, $22.74 million; Market Cap, $675.74 million; Shares Outstanding, 43.43 million.

* Burrows' View: "As a natural gas processor and marketer, Keyera is strategically placed between gas producers and gas consumers. We consider this an ideal trust model with a conservative balance sheet. The fundamentals of natural gas support the long-term outlook for this company."

* Burrows' Risk Rating: Medium.

* Web Watch: www.keyera.com Burrows' Edge Record (based on March picks): -6.2 per cent.

Best Pick: Western Oil Sands (TSX:WTO) +6.1 per cent. Worst Pick: Teck Corp. (TSX:TEK.SV.B) -13.9 per cent.

Disclosure: The featured stocks are held in the Disciplined Leadership funds.

(This feature is provided for information purposes. Investors are advised to do their own research or consult a qualified investment professional before making investment decisions.)