He sold it and took a small profit. He trades very short term. It is a great company and got a lot lower than when he bought it. He does not like it here. Wait for the next major down turn.

They use an option overlay to generate extra yield. It is a great way to play healthcare, which he is bullish on. Nice yield. In a strong equity market you would underperform with the covered call strategy.

He loves it. A couple of weeks back he wrote about it on his blog. About 40 years on average their currency has lost 5% per year. He thinks it will level out now. There are very good pro-business policy there despite all the corruption in Indian politics.

If interest rates go up, this is the company that gets hit in this sector. He did not get excited about the price coming off a bit when interest rates went up. It is a great company and now his nervousness is more on the strength of the US$. He would buy if it was not for the macro factors. 5.5% yield.

Gas is constrained (See today's market comment above). ARX-T never got cheap last year when gas pulled back. He bought TOU-T and then VET-T. He would have bought ARX-T, but it just never came off. It never got creamed.

It is hard for him to go down into smaller companies because of how his own company has grown (Liquidity issue with small companies). The zinc story has been developing for 5 years. If global growth does not fall off a cliff then zinc might get tight. This could be the year. Markets have already started to anticipate this. It is the first pure play in zinc.

There are only two ways to play uranium: DML-T and UU-T. Uranium just needs to tip up and then away they will go. CCO-T has real operating numbers, but they are really bad.