Market.  There was a ruling against trans-mountain pipeline today.  The US is not cheap enough to sell his US dollars to come back.  It could be an economic downturn catalyst but probably will not be.  NAFTA is critical for us to leverage of the US economic success.  He is putting client's money to work in the US.  Canada has major issues.  You have to be selective in Canada.  You are looking for companies with US exposure, income and earnings.  Today's news in the energy sector is not positive.

Model price is $14, so it is below where it is trading at.  It is at EBV plus 1, and we have not had a breakout.  Wait for a buy signal.  He thinks it will come back.  There are better opportunities elsewhere.

Model price is $157.26.  He sees it as an opportunity to pick this stock up now.  It is above its model price and he has had it for some time until selling recently but it was moving from a value name into a growth name.  He would be a buyer here.  It is a good name.

Model price is $45.06.  54% upside but there is no catalyst for this stock to get moving.  It is dead money.  If it is trading below its EBV -5, there is something wrong with its balance sheet and this one is too big relative to its earnings.  The regulators are really rough in the financial industry.  Use your tax loss.

When it came down to his model price it was the only buying opportunity there was in the last eight years.  He loves the company.  Model price is $99.94, a 30% premium that it is trading at.  He can only wish for a pull back.

These interest sensitives in Canada he not very bullish on.  It has a model price of $34.68 so it is 15% overvalued.  He thinks the BOC will have one more hike in them.  He is neutral to negative on this one.