Has a very impaired balance sheet. There is a risk of receivership. Not very profitable and have a lot of debt. A lot of unfunded pension liabilities.

Starting to see a bit of a cycle developed. Has already had a nice run and to buy it, you have to believe that the price of nitrogen fertilizer is going to go a lot higher.

The price of waste paper has gone way up and there is also currency pressure. Only earned .04¢ a share in the recent quarter. Longer-term it should be OK, but difficult to see them having a big boost in their profitability.

Well-managed. Focusing on businesses they know well. Has reached a point where it is no longer a bargain. Price to earnings multiples have moved up but yields have dropped and the easy money has been made. Still some upside.

A great franchise. Good management. A slow, steady performer. Probably 15% earnings per share growth. P/E multiple is very reasonable.

Have an undeveloped potash deposit in Thailand. Will take many years to bring this project to fruition.

Very controversial because of their reporting practices. Have great upside potential but with the SCC involved and the murkiness around the company it’s really a black box.