It looks interesting but it is at the higher end of the valuation range of the Canadian banks. He worries far less about the banking system and the housing market in Canada. They have great diversity. This is not going to burn you. You have the yield until growth starts happening again.

You are fighting the trend a little bit. It is the premium valuation in the group. People are worried that the auto cycle is burning out. China is slowing down. He finds the valuation attractive. He owns others. He thinks it is a good buy here.

They are the Cadillac of the operations. He thinks they will get better growth going forward as Interest rates start to normalize. It is a good safe pick.

The timing of their acquisition is not good and burdened them with a lot of debt. They need a higher copper price to get a good return.

(Top Pick Jul 7/15, Up 36.24%) They continue to grow. It finally had a couple of good quarters. He is comfortable buying it here.

(Top Pick Jul 7/15, Down 34.48%) The sector is right out of favour. It was cheap and now is cheaper. It may be a value trap, but he has just added more. Good exposure in Europe.

(Top Pick Jul 7/15, Down 9.93%) Oil prices were where they are now. He added more to the position at the low and then got out recently. Some hedges rolled off so that is why it is down now.