Sold off a little in the last week or so. Great global technology company with $4 a share in cash. Next years earnings at about $1.70-$1.80. Trades at just over 10X earnings.

Pure iron ore play in Canada. Just starting shipments out of their mines and will be about 8 million tons this year, expanding in phase 2 to 16 million 2-3 years down the road. Eventually has a earning powers of $1.50-$2 a share. Likes the future demand for iron ore, particularly from China.

On the surface it looks pretty good, trading at a pretty reasonable multiple. Best of management among the US automakers. Decent product line. Trillion dollars of debt scares him away as they could come back to the market with a new issue to pay it off.

“A” shares versus “B” shares? B shares have one vote per share while the A shares have 10 votes per share. Since both prices are so close to each other, if you buy gold for the A shares because of the extra votes you get.

Company will survive, but it will be a while before they start paying dividends again. Still have a lot of problems. This is not something he would own within the financial services sector. There are a lot better bets in the Canadian market.

They were the operators of the rig during the Gulf spill. Could see it into the mid-$60's in 12 months. Less than 10% of their fleet operates in the Gulf. About 5% yield.

Stock has dropped by about 50% since May. Should recover. Not the best operator, but underlying assets of real estate and brands leave a lot of potential for the gap between current share price and assets to narrow.