Cigarette companies are on the “do not buy” lists for many fund managers, yet people continue to smoke. This is a huge cash flow generator, which pays a good dividend that continues to grow.

He expects double-digit earnings growth for the next 2-3 years. They have a pristine balance sheet and expects to see further dividend growth. They are involved in “gorilla glass” used in cellphone screens. They are a technology based company with not a lot of competitors.

This company is very well run with an A+ credit rating. They are profitable at $50 oil and the refinery business is profitable. It still is a commodity based company so there is risk.

Revenue growth has been flat for the past five years, but they are sitting with $30 billion in net cash. The dividend has doubled over the past five years and he expects that to repeat. It is somewhat out of favour due to the lack of revenue growth.

This is the personal printing system division. The revenue is growing as is their market share. It trades at a cheap valuation that he thinks should double over time. The monthly ink cartridge purchasing plan is brilliant, he thinks. Yield 2.4%. (Analysts’ price target is $25.60)

They have re-emerged as one of the best capitalized banks in Europe trading at 9 times earnings. The stock price was down on European economic concerns, nothing to do with the bank itself. Yield 6.8%. (Analysts’ price target is $20.05)

One of the largest dividend rising trends in the UK. One-third of the capitalization is in cash. A well-run company with holdings around the world. It is worth double the share price if all assets were valuated. A world-class company offering high-quality products. Yield 1.2%. (Analysts’ price target is 14,000 GBP)