US giant that has been beaten up pretty hard. Still have really good businesses and infrastructure. One of the best positioned companies in power. Big wart is GE Capital and they are addressing this. Worst is behind them. Will still take a couple of years for GE Capital to recover but the rest of the business is doing very well. Generates a tremendous amount of cash flow.

Largest mobile phone company globally. 450 million subscribers and adding 5-7 million new subscribers every month. Take in more cash than they spend.

Likes the nutritional food business. Well run company. Hasn't done particularly well in the recovery but is probably because it did very well last year when everything else was falling apart. Growing sales at about 2%, which normally would be about 7% and he thinks they get back up to that. Growth is coming from high-margin stuff.

(A Top Pick Dec 29/08. Up 36.29%.) Good management and good balance sheet. 60% market share in routers. Buy on weakness.

(A Top Pick Dec 29/08. Up 7.24%.) Well respected management. Strong balance sheet. They are in a space that should grow. Good exposure to emerging markets.

(A Top Pick Dec 29/08. Up 75.72%.) Ports company. China will continue to grow for the next 20 or so years.

Largest steel producer globally. With the urbanization of China and other emerging markets, there is a greater demand for steel and this company is benefiting. Well managed.