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Market. He sees governments running big deficits and worries about it. When employment is high, that is when governments have to run surpluses to pay down the debt. Politicians don’t want to lose voters so what is good for the economy is bad for voters. There's going to eventually be a recession and the only way to fight it is to spend and increase the deficit.

It took a huge beating after the IPO last year and then came back. He has difficulties with their forecasts because they are often more optimistic than they should be. They are moving into the states which will be costly. They are building a new distribution center but they take a while to ramp up. He thinks they will have tough sledding going forward and will not hit their profitability goal so there won't be a dividend any time soon. Their same store sales went up and their revenues went up, so that is positive.

He does not buy companies that have not been around for 10 years. He does not dip into Marijuana stocks. You need to look at management and look at their track record. Many of these companies are going to fail.

It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.

The energy sector has moved up somewhat. Gas has not done as well as oil. He made tremendous money in the past with this one but has recently been killed with what he still holds. They make promises and never come through. He is very wary of it. It could go up 10 times or go bankrupt. It is the definition of high risk / high reward.

RRX-X amalgamation. Both went down when they announced the merger. This is unusual. There are a lot of costs involved in a merger for a quarter or three. He does not like all-paper transactions.

Pipelines have been front and center. What the Feds are doing is stupid. They should have waited. There is a chance that the government of BC will change in the next few years and the majority of the population wants the pipeline. We know we need more pipelines to get more oil to market. West Texas pipelines will be exhausted in 4 months, they say. The question is how many pipelines are needed. The energy we use is changing dramatically as well get into alternative energies. Will pipelines become white elephants in the future?

(A Top Pick Aug. 14/17, Up 8%) It had moved up a lot further at one time. They pay a lovely dividend. They operate in numerous companies. He does not like that they had been buying numerous companies but this had slowed recently. It could potentially be a triple. Hopefully it has just started to get going.

(A Top Pick Aug. 14/17, Up 37%) He bought it because they were in commodities, not Marijuana and crypto, but it has helped the bottom line. He is aware of increasing M&A activity in the wealth management space. This is the largest independent money manager in Canada.

The Canada banks are great dividend stocks. They regularly increase the dividends. Capital appreciation is much iffier. Banks are an interesting sector to be in. Keep in mind preferred shares. He is moving more and more into them. Some of them are riskier companies, however.

If he looked at any Canadian bank this would be front of the line. The pullback was quite something. It is a good solid bank. If banks take a beating, this one would do so too.

He bought in over $10, but did well. He does not like the pay package for the CEO. Numbers are coming out tomorrow.

He owned it years ago before it went private. He did very well. They did poorly over the last few years and then approved a huge pay package for the CEO. He does not like buying into companies where management is going to be paid too much. Retail is having difficulties. He prefers RET.A-T for retail exposure.

He usually does not buy stocks over $10 but he did this one. They have a lot of problems. There is a question about dividend sustainability. They just got kicked out of the DOW. Two other companies went up greatly after being kicked out of the DOW and taking a dip. He is being conservative on this one because there is a lot of risk. Don't buy more. They have a big pension liability to deal with as well.

Block chain. In November/December, everyone was asking about this and Marijuana. The insanity did not make sense to him. Now you have so many companies entering the field. It is not whether block chain and crypto currency works. You have to know which companies are going to survive.