Move on to a faster growing company to do much better. They have had a lot of issues with production, finance and so on.

He likes the company. It gets a lower valuation because a lot of them have been taken out. OTEX-T is one of the last ones left in the space. Their acquisition record has been phenomenal. They have a good balance sheet and a good risk profile. As they grow the market multiple should grow. Their track record of earnings had problems in the past.

The stock is quite viable after the decline. The US comparable names are not doing too well. They have a near monopoly in Canada and they are diversifying. A really good movie slate could really change things for the company. It has a nice dividend and is more of an income stock than a growth stock at present. There is no rush here. Movies themselves are a social event. They are all about 15 teenagers going to the movies. Investors see it as a dying industry so the multiple doesn’t get pushed up.

He likes the company, more this week than the week before. This quarter they came out with their first profit ever. Now they can move their backlog through the revenue stream. The execution risk is [almost] over. Municipalities have money to refresh their fleets.

He does not follow the banks too closely. This one has always been the cheap bank on the street. He prefers TD-T and BNS-T much better for international operations. CM-T has almost blown it a couple of times in history.

It fell apart and is now working itself back. It got destroyed by credibility, short sellers came along and the stock has readjusted. He thinks the worst is over. It has earnings potential.

It is going through a dynamic process. They sold the bottling division and are focusing on coffee, water and tea. There has been a lot of consolidation in those businesses. Their debt is going down. The strategy shift is exactly what they needed to do. Don’t rush, but as the balance sheet improves they will do better.