Could have picked any one of the Canadian banks. Doesn't expect there is a contagion that will flow back from the US. Percentage of its earnings from the retail business is the highest of any of the banks. Excellent management. Attractive valuation.
A commodity play. Very strong cash flow. Very shareholder friendly. The price of methanol has gone up 60% due to shortages and the demand remains strong.
Still early days for a turnaround. It has taken much longer than he would have thought. There are challenges from all fronts. $45 is a good level but you will have to be patient.
