He likes to have gold as a hedge against inflation.

Environmental compliance company. It’s a way top play the commodities over time. Not as susceptible to volatility in the commodity. Attractive dividend. It’s under followed by analysts. 6.25% dividend is sustainable. Perhaps even some room to raise it.

A core position. There will be huge growth in smart phones. There has been a lot of noise such as competitive pressures, margin pressures. He thinks it’s attractive. Long-term winner.

Complex balance sheet. A lot of outstanding credit issues. Over the long term it will probably be a survivor, however.

Reported weaker earnings. He is still looking at it. It’s a good long-term business. Could be an opportunity.

An attractive place to be. Any weakness in the economy won’t affect this stock.

Well-managed company. All their sectors are attractive places to be. Track record as very astute investors.