Aluminum prices have really lagged of other commodities. Inventories continue to be low and declining. Chinese export taxes are beginning to take hold. Trading under 10 X 2006 earnings. Reasonable value here.

Just reported very disappointing earnings, principally because of their fixed income trading operations. You can be vulnerable to trading profits rather than changes in core operations. Prefers Canadian bank stocks which have better relative value.

Remains concerned about this company. Their strength is in their CRJ50 which is not where the demand is. Demand is in the 70 to 90 seat regional planes. Their balance sheet has continued to do vendor financing and have taken it above their stated limit of $1 billion to about $1.5. Continue to hold $2.5 billion in residual value guarantees.

Had a big pop yesterday on rumours that an Australian company was going to make a bid for them. Speculative. It is a takeover target but has been one for 10 years. Wait for a pullback.

An interesting Buy here. More internationally oriented rather than North American.

An extremely well managed company. As a trust vehicle, it could be very interesting. Drilling companies are a high beta play on oil stocks.

Trading a little ahead of itself. Has long term contracts that cap the amount that they can earn.