This has not been a stock you want to be in this year. He has been significantly underweight financials, especially US. He has recently added to that, however. Well Capitalized and earnings are growing. You are starting to get write backs (bad loans that come back). Still have foreclosure mess to deal with but until dealt with you wont see great performance, but in 12-24 months you will.

Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services.

Has a very strong position and he wishes he owned it. He was a little nervous about the multiple. When Google pulled out of China there was another opportunity to buy it but he thought it was too highly priced. They are in a very strong position in China. Now that Google is not a competitor, they are in a good position. Very optimistic outlook for the Internet industry. The business will do well, even if not the stock.

Not a big integrated oil guy. Prefers companies that are a little more targeted. They have upstream all the way to downstream, refining, gas stations, etc. 5.7% dividend is great for dividend player.

(Denmark exchange) Biggest wind turbine manufacturer in the world. They were pummeled. They revised down their earnings significantly, recently. Biggest concern is subsidies. Coal is the cheapest. The world is not awash with money to finance this. Subsidies are being scaled back. GE is a competitor, but competition is getting less. GE’s product is considered less optimal compared to VWS’s. They have a year’s advantage over Siemans and GE. He is optimistic about the future.

There is a lot of negative sentiment right now: The talk about regulating interchange rates, talk about exclusivity with merchants being removed. But the prospects for Visa have not changed. They are growing their earnings about 15-20% per annum. 17-18 multiple, which is very, very strong. Good global footprint. They are dominant.

(Philippines exchange)Biggest mining and materials producer in the Philippines. Gold and copper producer. Low cost producer. Projects being developed right now to come on line soon.