(A Top Pick Dec 3/09. Down 17.5%.) Sold his holdings (at a profit) after a disappointing Q1. A lot of lumpiness now that he's not comfortable with.

(A Top Pick Dec 3/09. Down 7%.) Had thought capital market business would have been a lot stronger. Sold his holdings.

Fast food chains. Best consumers product company in Canada. Own many franchise brands in malls. ROE is consistently in the high 20’s. Trades at about 10X earnings. No debt. Have so much cash that he expects they will institute a dividend in the next 3 months. Low-risk growth stock.

Oilfield services. Expect this sector will put up really big numbers in Q3 and this is his favourite. About a 40% ROE. Over 5% dividend yield.

Provide broad basket of real estate services globally. About 8% yield. Expecting strong guidance going into 2011.

Of all the property/casualty companies, this would be his favourite. Exceptionally well managed.

Financial services. Superbly run company. Excellent predictability from quarter to quarter. Could easily have been one of his Top picks.