It has had a tremendous appreciation in its share price over time. If you look at it from a value perspective it is always too expensive. 22-29 times. It is at about 35 times now. He would be shy to enter it because of this but if you own it, you might trim it or move to APX-N (American Express). There is a big spread in valuation, bigger than normal.

It is an opportunity because he believes in it long term. It could be bumpy over the next 6 months as they have some CAP-X spending to make on security. He will buy when it pays a dividend.

It has been great if you don't need a dividend. We need to give management a lot of credit in being able to execute the growth strategy. The share price took a bit of a breather and it is probably because the share price went up so much. They are having to invest in their distribution center and network. It is close to a 30 times PE.

He is not a fan of it. It has a strong brand in Canada and pays a great dividend but that is about it. A lot of investors underestimate its risk. He thinks their restructuring is positive. But it is going to take some time.

It has some similarities to ENB-T. The dividend is seductive. Investors are wondering where the growth is going to come from. There have been better places to park capital for share price appreciation. He prefers BCE-T to this one [mentioned by caller].

It is a yield play. He sees very little growth on the horizon. PE is almost 16 times. He prefers EMA-T because there is an appreciation potential and a slightly better yield.

It is always going to be too expensive if you are a value investor. It is always 25 times PE or more. But the shares continue to go higher and higher. It is at 31 times right now. They continue to post strong sales, up 12% year over year.