Good management. Mostly retail business. Recently raised over $1 billion and seemed to have set a bottom in on the stock. Growth will be slower than average for a while. Looking for an 8% to 10% return including dividends.

Likes agriculture in general. In this case, you get exposure to all of the nutrients. Also likes their US retail business, which they will make money on. Less than 4X earnings.

Expects a weaker US$ and gold will go higher. The only gold stock that is pure gold. Everyone else has other metals included. Good production growth over the next several years.

(A Top Pick Dec 31/07. Down 49%.) Much more levered to some new products than what he would have imagined. As long as you believe there is an economic/stock market recovery this will probably outperform on the upside from here. Hold.

(A Top Pick Dec 31/07. Down 13%.) Bought as a defensive holding and has held up reasonably well. Recession resistant. Has growth in square footage allowing them to grow earnings.

(A Top Pick Dec 31/07. Down 22%.) Good recession resistant business. Great balance sheet. Generating $1 billion of free cash yearly.

Paying a special dividend along with the regular distribution this month. Almost $3 a share in cash. Sold a bunch of divisions off and what’s left is a little bit of real estate (which they are selling), a very small junior oil/gas producer and a whole pile of cash. Nice place to hide. 18% yield.