Likes most of the fundamentals for the stock. One of the issues that he has is that they have made a couple of bad acquisitions, which has hurt the stock. Zinc, coal, their interest in the oil sands are all good things for this company. Would be an aggressive buyer at $30.
The LCD business has been difficult because of competition. A good company and have some very strong parts to the company. Over the next 2 to 3 years it will do well.
Got rid of their CEO who they replaced with a man that used to run the NYSE. You'll have to wait till these things bottom out. You can start buying them slowly.
(London Stock Exchange)6% yield. Stock has fallen a lot because of the housing industry but they have been very astute. They held back on purchases when they saw the market collapsing and now they are back in buying smaller companies at very good prices.
Real estate. Merrill Lynch is a big tenant of theirs and thinks they will re-sign with them. Have been buying back their stock aggressively. Trades at about a 20% discount to its net asset value.
Stock fell apart when one of their key managers left to go to a hedge fund. Have grown their assets and have very good performance with their other products. Very good story at these levels. Pays a good yield.
