In the penalty box. Stumbled on a fixed price contract and lost money. With any kind of an up tick in infrastructure, they should do well. If you own, he would be tempted to hold on.

Oil is up or down $2-$3 each day and a lot of the oil companies, including oil/gas service companies, are not doing so well. Good management. Good dividend.

Mortgage insurance. Extraordinarily cheap. 4.75% dividend. Genworth (GNW-N) out of the US controls 57% of the company. Trades at 10X earnings, well below book. Investors are concerned that the problems in the US will infect the Canadian operations. He has a lot of faith in management.

Lost money in BC Place where they had a fixed price contract. Also, infrastructure spending has slowed down. Had a loss last quarter and they passed the dividend for the time being. Selling $50 million plus of assets, which are not germane to their business so there are no financial problems.

This is a true contrarian stock. Every one hates the retailers. Stumbled for the last 4-5 quarters. CFO resigned. Stock price is below BV but also below tangible book. Eventually that market is going to improve. You will have to be patient for the bottom line to set in.

Specialty paper. A lot of good things are happening. Company is looking to do another pulp deal. Switzerland printing is a little soft right now. Doing extra ordinary well on their wallpaper in Germany. Should be in production shortly on their dissolving pulp business. Good management.