PKI-T vs. NPI-T. PKI-T has come up from a nice level. He was positive on the stock there and continues to be. It is a little rich now but has been a good dividend payer. NPI-T has not done as well recently. It could be interest rates. They are showing good growth and great cash flow. They have great wind farms coming on and it is just a case of whether it is Taiwan or further things in Europe. They need a partner to keep their cost of capital down.

PKI-T vs. NPI-T. PKI-T has come up from a nice level. He was positive on the stock there and continues to be. It is a little rich now but has been a good dividend payer. NPI-T has not done as well recently. It could be interest rates. They are showing good growth and great cash flow. They have great wind farms coming on and it is just a case of whether it is Taiwan or further things in Europe. They need a partner to keep their cost of capital down.

They put some hedges on and then the differentials blew out. A lot of US investors are taking positions right now. Crude by rail contracts are being signed. Keystone could get up and going any minute now. They bought the best oil sands properties. Eventually you will see this company recover.

They are embroiled in this NAFTA tariff thing right now. It could move steel prices in the right direction for them since they buy and stock steel. You are at risk of something volatile happening either to the upside or downside. If it got below $25 it would be attractive. This is a difficult business generally. The management team really respect their shareholders.

It is about interest rates. Until cash yields complete with dividend yields then you should be in the market. There may be some weakness over the summer if we get interest rate noise so it would not be bad to be sitting on some cash.

There are better European banks to own. It's a little expensive. They are large in capital markets, but not in (German) retail. In the corporate finance side they invested heavily in fixed income. Balance sheet isn't as good as other banks and they'll probably issue more equity down the road. They're trying to sell their asset management business, which is wrong, because it generates fees. Plus, there's more re-structuring to come. Their culture has to change. Santander, Barclays, Lloyds and ING are better.

It trades at a very high multiple. Amazon is only 20% of the online business and there's lot of global growth for it. Buy the dips. They're expanding quickly into many areas. Good and bad: Jeff Bezos reinvests all the revenues in trying new areas--he's innovative. He's made strategic acquisitions like Whole Foods. Also, there's a whole generation that wants to--and will--do everything online.