Seasonality around fixed income is inverse to equities. So buy in May and go away in the fall if not holding for the long term. You get a lot of your own money back in their yield. You have to look at the yield to maturity, not the coupon.

Non-performing loans in the US are increasing rapidly. You are probably seeing a mini bubble in the auto sector and that car sales will go down over the next couple of years. Buy in the mid-$40s.

He thinks there is some value in this area. Maybe it could go a little bit lower, but there should be some support here. It probably looks interesting here, however when they are having challenges in execution, the market will keep it down. Above $23 it would say the market is building confidence in them.

It is off its lows. There is probably a lot of leverage.

Or ZBK-T. If you want to be in the banks this is probably a good place to be. But he feels US banks will underperform for a long period of time. He does not like the sector.

There are three reasons it is trading below the offer price. You have a time value until it closes; there is the uncertainty of the regulators (3 have to approve this); and it is based on where BCE-T is trading when the deal closes, so you may not get the $40 offer price. He would sell it and let someone else have the uncertainty.

He has too much exposure to telecom and this one is the obvious candidate to lighten up on. Prefers BCE-T.