Cut their distributions resulting in a drop of the share price. Has benefited from the government's turnaround on trusts. Company is focused on office retail/industrial, in Canada and the US and are now divesting their US assets.

Tremendous free cash flow business. There is a litigation risk and also, their focus is on private labels which is a lower margin business because of competition. As people get used to the cheaper generic cigarettes, they will have to cannibalise their high premium cigarettes.

Telecommunication industry is competitive. Out of all of them, this is the best. Have done a really great job on their wireless. Have run their debt to EBITDA down to 1.7%. They have increased dividends and buy back shares. They have about $1 billion in free cash flow.

Telecommunication industry is competitive. This company has done a really great job in growing their wireless and getting into VOIP voice over Internet. Now giving competition to rivals on landlines through their Sprint acquisition. Because of competition, all of them will struggle to raise prices on their products.

Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.

The telecom sector in Canada has a lot of competition. Didn't like their acquisition of Allstream last year and there are some real problems with Allstream. Long-distance and business rates are coming down.

Have struggled over the last couple of years with loss of assets. Fully priced.