The challenge with the pipes is that they are sensitive to rates and are caught up in transpiration issues.

He likes the material space. He is not long yet. He needs to see more stability in the share price.

(A Top Pick Jan 16/17, Up 90.29%) He is happy with it. He still owns it. It is still a cheap stock. It scores in the top 20% on valuation. Traditionally a terrible business, they have rationalized it. Investors can still enjoy the ride.

(A Top Pick Jan 16/17, Down 0.98%) They have been growing and adding to their business. It is kind of in no man’s land here at present.

(A Top Pick Jan 16/17, Up 7.30%) They had a good quarter but are caught up with other dividend paying stocks selling off. It is in the top 10% in terms of valuation. A good stable business.

You might want to hold it for the 4% yield. 90% payout yield. It scores right in the middle on every metric for him.

13 times cash flow, okay return on equity. Not a ton of free cash flow. High cash to book. Payout ratio is above 100%. Price momentum is the problem here.