He is cautious about this.  Although the number of users is rising, he thinks they need to see a better rate of growth to monetize the value.  He sees the long term growth being somewhat constrained.  

He is not into the computer equipment space.  He does not buy into the high inventory levels at a peak margins – a classic red flag – in his opinion.  He is concerned they will not be able to grow into the current valuation.  

This funeral company is in a fragmented sector, yet there is good growth opportunity given current demographics. The stock is up 19% over the year, so he feels the stock needs to grow into this current valuation and it won’t happen overnight.

This tobacco company, falling into the consumer staples sector, is an area he is avoiding.  As bond yields approach 3%, he feels bond proxy instruments (like high dividend yield tobacco) will get hit.  The fact is, this stock trades relative to yield rates.  He would direct you to real estate instead, if you are looking for yield.  

This company has substantial emerging market exposure, where there is growing pain economically – like Greece, Spain, etc.  He would stay away.  If you want bank exposure, he would recommend the US ones.  Where there is growing pain economically – like Greece, Spain, etc.  He would stay away. 

It is a bit of a mess of a company, he says.  There is so much work that needs to be done, he sees better opportunity elsewhere and they have a lot to prove.  They may need to segment off portions of their company to become successful again and this will take time.