Like Enbridge Jr., where debt's crowding them out and they can't afford the dividend. Dividend cut never good for long-term investors. Highlights the difference from quality companies. Problem with utilities is that rates are higher, so ALA has to live with what they have. Not a quality company, reduction in credit rating. If you want quality, this is not one to own.

Down 47% over last 12 months. No growth in Europe, lawsuits, people leaving, constantly reconfiguring the company. Please avoid this one. (Analysts’ price target is $9.80)

In the construction contractor business, all around the world. Own for clients with a US portfolio. Bit expensive right now, so half position only right now. Dividend's growing at 12% clip, so twice the average. Lots of free cash, very little debt. A solid stock.

US banks didn't do well last year. First 3 quarters showed strength in global markets. Negative performance in client engagement. Corporate business OK. If you own 3 banks, sell 1 and diversify.

Cyclical, so you have to deal with the ups and downs of manufacturing. Was the favourite child in Canada, but now it's come down. If you've doubled your money, sell half. Remember, it's a bus company. You can hold it, but it's volatile, and he doesn't want to own something like that.

Life sciences, diagnostics, and consumables for research, with huge demographic potential. Multinational. Looking at 10-15% dividend growth. Has owned it for the better part of a decade and it's never upset him. Yield is 0.6% (Analysts’ price target is $112.53)

Technical consulting and engineering services. Stock fell, and expectation is that earnings will get back to where it justifies the $100 price. In portfolios for kids and grandkids, just sit back and let it grow for decades. No dividend. (Analysts’ price target is $100.00)