A very steady packaging and distribution business.  The payout ratio is lower than 50% and they have targeted higher than that.  There should not be much impact from the NAFTA negotiations.

He has owned it in the past.  It is a great company.  The valuation is not as challenged as it once was.  He prefers GOOGL-Q to play technology.  Trump could impose more regulation on these companies.  GOOGL-Q is cheaper on a price to earnings basis and is less risky on a regulatory basis right now.

ACB-T vs. APH-T.  The sector is highly volatile.  APH-T is possibly a little higher quality and there have been rumours around them getting a large investment from a strategic player.  TRST-T is the one he holds and is the best way to play this sector.

ACB-T vs. APH-T.  The sector is highly volatile.  APH-T is possibly a little higher quality and there have been rumours around them getting a large investment from a strategic player.  TRST-T is the one he holds and is the best way to play this sector.

ACB-T vs. APH-T.  The sector is highly volatile.  APH-T is possibly a little higher quality and there have been rumours around them getting a large investment from a strategic player.  TRST-T is the one he holds and is the best way to play this sector.

He still likes it.  They are a leading liquor retailer and will get into Cannabis.  They will be getting into Ontario as well as where they are in Alberta.  They generate free cash flow and earnings already.  It is a stealth way to play the cannabis sector.

The glory days are probably gone.  They have done a lot to repair the balance sheet and improve liquidity.  Banks are becoming more competitive in this business.