It is an alternative asset manager. He has three others. He prefers Blackstone.

He has no pipelines. Cash flows are pushed out to the future. Every time there is a court ruling against a pipeline, it does not help. It is looking a little cheaper and these are getting interesting.

He looked at it quite a while ago and missed it. It is a good company in trucking but it is getting a little rich with the valuation. Once the economy takes a fall, this one will follow.

They built a lot in the GTA. Rents have gone up.

He has done well over the last 5-6 years. It is well run. They have a lot of equity in their own products. They are well run and stay within their core competency. It should be a good bet.

Don't touch it with a ten foot pole. It is a mix of public and private ownership. There is a lot of debt. Revenue is controlled by the government. This one is too political for him to get into.

It is a Canadian firm, owning medical buildings. That was their original business and they are redeploying some of their capital internationally. They have had some fantastic capital deployment. They are now going to run one of the biggest Australian healthcare real estate funds. You get about a 7% yield. (Analysts’ target: $11.85).