Doesn't own yet will Buy on weakness below $10.24 or on strength above $11.68. Could reduce debt in the next 3 quarters if it chooses to. Earnings and revenue are up and could start to pay dividends if it chose to.

His macro view is that we are in a deflationary environment. Utility sector is starting to move up in his rankings. Risk/reward is exceptional from here. Looking for $30 over 5 years. 5.5% yield.

(A Top Pick Aug 12/08. Up 5.7%.) Doesn't like this instrument right now, as the Canadian market doesn't give the liquidity that he needs. He changed to strip bonds instead.

(A Top Pick Aug 12/08. Down 13.89%.) Likes the space but didn't like what he saw was coming for this company so he got out. Looking at BCE (BCE-T) as a possible replacement.

As a holding for 4 to 5 years? Currently it is just skirting the 200-day moving average. If it can get above that and hold the underlying support it will probably look pretty good. Be cautious of their financial arm and some of the problems they have had.

A lot of the bigger caps have passed the moving averages but this one is below the 200-day and 50-day moving averages. If you own, use a Stop of about $.75 and you could add to your position if it breaks out with volume depending on your risk tolerance.