This would be his Top Pick of the Canadian banks. While he thought the Commerce Bancorp acquisition was a little bit pricey, it is an excellent fit for them. This is probably the best consumer bank out there.

This is a great sector to be in right now, but the stocks have had great runs and do not look cheap at all. Would have a hard time stepping up to buy it here.

Made a lot of money on this name. But it under $1 over a year ago and sold most of its over $5. It was a great story, but with recent legislation changes in the US with respect to patents, it would not be possible for them to make suits against other companies as easily. Has a great portfolio of patents and should be able to get some licensing from them but they no longer have the power.

Short-term, he is somewhat bearish on metal pricing because of the weakening global economy. 2.5% yield and trades at 8X consensus earnings. Also have exposure through coal (Partnered with Fording Coal (FDG.UN-T)) and the oil sands. If you are bullish on base metals, this is a great holding.

Made a big acquisition about 2 years ago, which basically almost blew the company up. There were a lot of money-losing contracts that they have been trying to clean up. Eventually it will probably turn around, but the question is will they get it done in 08 or 09.

Software provides data and key information in airplanes and once installed it is pretty hard to get them out. Kind of an incumbency position that is worth a lot. Recently announced that their Chinese business is going to start taking off now. Looking at where they are going over the next 5 years is really exciting. Will be a valuable as nice 5 years out.

(Market Call Minute.) Agricultural play. Has more room to run.