Looking at their land positions in the Bakken, he likes where they are. Also likes the outlook for oil. Cash flow more than well covers their dividends.
A cyclical stock tied into resources. Will trade with resources and resource prices have come off quite a bit and this has followed. He doesn't expect resource prices to turn around.
Hasn't been a fan of this bank. Didn't like their presence in retail banking in the US. They will lose money when they sell this. A lot of their earnings come from trading, which is a highly volatile business. Unpredictable.
Never own auto stocks for the long-term. This is a cyclical business. You buy them when times start to get good in the auto business and you hold them until everybody says everything is great, and then you let them go.
An oil services company, which has branched out from Canada into Colombia. Likes their diversification. Well-capitalized and earnings are coming through as he expected.
Recently sold his holdings. Liked the generic drug business. This one is not exclusively generic. Their biggest product that contributes the most to earnings is a multiple sclerosis drug and this will be coming off patent in the next couple of years. A lot of competition coming out on this drug.
Largest publicly traded company in the fluid filtration business. Make over 80% of their money in replacement filters and servicing. His earnings estimates are lower than what the street’s are. Cheap. Mid-$50’s would be his target.
Fourth largest elevator and escalator company globally. The key here is not necessarily making money on the elevator and escalator, but they make over 85% of their sales and profits on the servicing. Dividend of about 2.5%. (Trades on the Finnish exchange.)