Sold his holdings, but still likes it and is hoping to get back in. The company needed to reinvent itself, and did that by providing a 24-hour a day McDonald’s. The new CEO has done some great things by refranchising stores with a focus on technology. Trading at around 23X PE, which is not expensive given the good things that are going on. A low beta stock, and you need some of those in a portfolio. In a bad market, these are the names that hold up. Dividend yield of 2.6%.

A great business. The chart shows it has had a steep rise, but more recently it has been flat. Feels the market is trying to figure out which direction the business is going, and the next chapter of growth. At 20X PE along with an acquisition to digest, you are better off missing the 1^st few innings, and coming in once that acquisition has started to digest. Historically acquisitions don’t go very well, especially at the beginning.

This gives a comfort and sense of security, and is a service we all use, especially in the US. They are large and pay a big dividend. However, the stock chart shows it hasn’t done much for a while. It has really gone sideways for several years at around $50. Other than the dividend, there hasn’t been any real capital appreciation. They are going through a transition. They were a telephone company initially, then a mobile cell phone company, and now getting heavily into media and transitioning once again. With their acquisitions, there is risk. If you own, he would suggest switching to Canadian telcos instead because of the dividend tax credit.

Had owned this at the time the stock price was going down. When it got back to previous levels, he sold his holdings. Over the last 12-18 months, they’ve gone through a transition of being more focused on what they want the business to look like going forward. Today, they are in 2 parts, children and women and family. He likes that move, but there are still lots of question marks on what the industry will look like. Still a lot of work to be done. Dividend yield of 8.6% which he thinks is safe.

Kids today no longer play with their previously manufactured toys. User preferences have changed. Doesn’t think the dividend is safe.

(A Top Pick Feb 11/16. Up 14%.) Buying this is buying a business that is established. Multi-revenue streams. Pays a great dividend, and combined with share price appreciation of 3%-4% a year will give you a 6%-7%.

(A Top Pick Feb 11/16. Up 10%.) They have done a great job in expanding. Did a large acquisition last year which gave them a significant presence in the US. They’ve given guidance that the dividend should grow 8% per year. He is still buying this for new clients. Dividend yield of 4.4%.