Banks? or lifecos? He sold MFC-T about a year ago. They are a great play on rising interest rates. He did not think they would go up as fast as they did and so he allocated to bank shares.

It has been a good performing company because they executed well. They have a unique position. He missed this one. 59 times forward earnings vs. an industry average of 26.

He owns it in income oriented accounts for the yield. They are paying, and recently increased, the dividend. They announced the acquisition of WGL-N and would have to raise capital, which spooked the market. After this they will become a significant player n the US.

There is a secular story and a cyclical story and the two have converged. It is well run. The problem is the movies. He is looking at it. It is attractive in the $50 range after tax loss selling.

He is concerned about the debt they have carried and the legacy of it. Management has done a good job of paying it down and refocusing the company, but a lot of people are looking at the price of 3 years ago and it is not getting back there. He does not own any but is looking at JNJ-N and GILD-Q.

Zinc inventories have gone through the pinch point. This is at the top of his list of precious metals. It is a pure play.

As a retiree, your retirement income just got you an extra 3% growth. Before you sell ask what you will buy that will equal the income and growth. Watch what is taxable. It is a domestic bank. It had a really good run. Don’t expect the same returns because the fear factor came off. The dividend is attractive.