(A Top Pick Sept 2/08. Down 2%.) One of the companies that are going to benefit from the global infrastructure spending. Also from new construction of global power facilities. Order backlog of about $12 billion.

It looks as though most of the US banks are ready to break out of their funk. What you don't know is what is lurking in the weeds on the balance sheet.

It looks like most of the US banks are ready to break out of their funk. What you don't know is what is lurking in the weeds on the balance sheet.

Smartest guys on the street. Along with JP Morgan (JPM-N) the only 2 surviving investment banks. Right now there is a lot of investment banking going on. Doesn't think the US Feds will be crushing the investment banks.

The contract-manufacturing sector basically assembles electronics for others. A low margin business. When the retailers and designers are pressed when sales are slow, these are the people that get squeezed. Has survived and might do somewhat better coming out of this but will never be a huge earner.

Likes the 6.2% dividend very much, which is expected to increase over time. Thinks telecoms are ready to break out. (See Top Picks.)

He questions if this will still be in business in 1 or 2 years. Was always a high-risk enterprise. Now competing with iPods and many sources of free entertainment.