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Markets. The economy is indecisive, mostly in the US. For every good number there is a bad number. If we look in Europe they are looking at more stimulus and Japan is turning into a catastrophe. China looks to be collapsing, so the weight of the world is on the US. With the stock market itself, it seems it is taking its cues from the price of oil as a proxy for how things are going. The price of oil HAS to go up. If you look internationally the convictions are not so strong. We have to wash through this whole period. In the near term the markets all depend on the price of oil. Markets are not particularly cheap and he likes cash as an asset. Let things unfold. At times like this the markets come to us, rather than we having to chase it.

When Warren Buffet gets companies he builds them. When VRX-T gets companies they throw out the R&D and it does not work in the long term. He doesn’t want anything to do with this company.

The upside potential is huge and the balance sheet is pretty good. It meets all his criteria for an interesting investment. But he does not know to what extent it is a VRX-T in disguise (see today’s option on VRX-T) so he is not interested.

The upside is huge based on their earnings forecast. They were damaged with what happed to AYA-T. These stocks are cheap. They are good value. There is regulatory uncertainty, particularly in the US. Those walls are coming down, however.

It is trading at a big discount but has lots of upside potential. The market thinks the price of oil will cause a collapse in the price of real-estate, but he does not believe a word of it.

He was mystified after it took off the first time. It has been in a steady decline since 2011. Opra should have caused a comeback but that has not been the case. The stock has not gotten down to a place where you can buy it safely.

The value of Google goes up and up and up. You can put it away and forget about it. This is a hard stock to trade but an easy stock to own.

This one is a difficult call to make. The fair market value is at or below where it is trading. The balance sheet strength is not what he would like to see. He would not be drawn to this one and he would not recommend it. It does not have the supportive earnings he would like to see.

(Top Pick Mar 17/15, Up 4.35%) It has done quite well compared to the TSX. He looks for the cheapest of the lot of a group of stocks. This has worked out very nicely. Right now he does not particularly prefer this to the other Canadian Banks. He might prefer BNS-T or CM-T right now.

(Top Pick Mar 17/15, Down 5.69%) It came down, although not relative to the market. If you take the dollar into account it did okay.

(Top Pick Mar 17/15, Down 7.41%) The price of bullion has made a permanent turn to the upside. He is keeping this one. He likes gold right now. Look at what world banks are doing and what is the long term affect – dilution of money. Gold has to do well. He likes Canadian gold assets. He likes the company’s balance sheet. There is staggering leverage on the price of bullion. He thinks gold will do very well for the this and next year.

Canadian Banks. You can buy and hold and not worry. There is a lot of fussing by Americans about our banks regarding oil and real estate killing them, but in truth they are uniformly conservatively run and they are quite reasonably valued. The dividends will be growing and the balance sheets will be growing. The banks are a good investment.

Canadian dollar. We are not going to $.80 because it would imply a large move in the price of oil.

A heck of a bounce off the bottom. The problem he sees is that the earnings have not bounced off the bottom. The stock is very cheap but since earnings are not there, then it is just speculation that is driving it. It is so cheap that you can afford to buy it and cross your fingers.

The dividend does not appear to be covered. It is expensive on a price to book basis. However American accounting does not take into account real estate inflation values, like Canadian REITs. The balance sheet is strong enough that they can keep paying the dividend without hurting the company.