The recent history was rather upsetting. It started off some months ago when somebody came out and said their accounting was wanting. The stock immediately went down 17%-20%. Then they came out with an earnings decline of 25%-27%, which hit the stock. Trading at a relatively high multiple. He is waiting to see what happens in the next quarter or so. The yield is 4%, and he doesn’t think there is any problem with the dividend.

Likes the Brookfield group. They have their fingers in everything. He likes Brookfield Properties. This is the kind of world where this company can do quite well.

Still somewhat bearish on oil until he sees politics change in the far east. Once that happens, then companies like this can really start to get back into business. Doesn’t see them in any great financial difficulty. There is still a significant amount of risk in the energy sector. Prefers others.

The largest retail REIT. Retail properties are affected when the economy is dragging. He expects our economy to continue dragging a little more. Wait until you see the Canadian economy pick up.

(A Top Pick Feb 18/15. Down 9.5%.) Still likes this. It has been a little overdone in some of the negativity. The areas they are in are doing fine, other than Venezuela. Mexico in particular is doing quite well. They are quite careful about where they lend.

(A Top Pick Feb 18/15. Down 6.13%.) This has always been a disappointment. Great company. It trades well under asset value, but there is this little black cloud that hangs over it. It has lots of good engineers and is in the right areas. He is hoping they sell Highway #403 and do a special dividend. Any time it gets under $40, it is probably a Buy.

(A Top Pick Feb 18/15. Up 16.79%.) Has a lot of US retail, consumer durables, healthcare, etc. A domestically oriented low beta ETF. A part of the US economy that will do reasonably well and not be affected by the high US$.