(A Top Pick Dec 27/07. Down 36%.) New strategy cut a ton of costs and a lot of management layers. Earnings numbers will offset some of the slowdown in wire line business. Looking for stronger earnings growth than the market is expecting.

Great free cash flow company. A much better balanced company than it was. Another way to play this is to take out the ADR (Thomson Reuters PLC (TRIN-Q)) listed in the US, which gives you about a 20% discount to the Canadian price.

Likes Canadian banks. This one has been more heavily impacted. Bank with a 10% capital and a 8.5%-9% yield and trading at 8X earnings, is a fairly attractive place to put your money.

(A Top Pick Dec 27/07. Down 30%.) Still likes. Quality management. Strong retail focus. One of the few banks that grew its dividends. Still a Buy.

(A Top Pick Dec 27/07. Down 42%.) 12% yield is safe. Wal-Mart is the anchor for the bulk of their malls. Still very well positioned. Still a Buy.

Have regularly beat numbers. Probably one of the best management teams in Canada. Challenge is that they are in the midst of a transition from print to an online model.

Took on a large debt to acquire Fording Coal. A fine line whether they will be able to skate through their bank lines. Depends on your call on zinc, metallurgical coal and their other commodities. Inherently a call on the Asian economies. Risky.