They are having trouble integrating Safeway. He would prefer L-T for the Shoppers exposure, but he does not own anything in grocery right now.

After the Delta deal he shorted it in his hedge fund. It might go higher for emotional sentiment reasons. It is a ridiculously high valuation. It will take a long time to pay their debt down.

If you are looking for a safe investment, okay. But do you want Investors Group or Great West Life. They are sitting on a lot of cash and have done so for a long time. What will make it go higher?

(Market Call Minute) Too much risk even for him. It is not a business model that works.

(Market Call Minute) It is too much of a stretch. They are too debt laden with a bad history.

(Market Call Minute) Step back and see how the next couple of quarters go.

(Market Call Minute) It is too late to go long or short on this one.