High yield bonds are an equity part of your portfolio even though they pay a dividend. It is a basket of the worst quality balance sheets in corporate North America. It is very high risk from a price perspective. The realized default rate even in the great recession was about 10% or so. So when the bonds do go bad, it is about 10% of the companies that are affected. So long as you think about it as an equity-like risk, then he has no issue with it. He has no issue with holding it indefinitely. This one is hedged to the Canadian dollar.

Everything is $5 and below. If it pulls back or if it went sideways and earnings caught up to valuation it would be a buy. It is probably fully priced today. If it got down to 35 times earnings you would probably be okay.

They are getting involved with digital currency through a separate firm. Some people think it could be a long term opportunity. It is expected that next year their earnings and growth should track each other. He could see this one getting to over $200 in the next several months.

They announced 50% revenue growth but then guided down to 33% revenue growth going forward. They are really a domestic play in China even though they go up and down with trade tensions between the US and China.

They pulled back recently. They announced an acquisition in the UK which will allow them to have growth opportunities outside North America. There may be slower growth going forward in the US as most of the bus acquisitions by municipalities were based on 'The Fast Act' in the US which helped them fund buses after the 2008 recession.