(A Top Pick Sep 25/18, Down 35%) He sold at $48 and took some loss. He thought the new free trade agreement would benefit the auto industry and it has not been ratified yet. Their agricultural business has been hit by China not buying our grains.

(A Top Pick Sep 25/18, Down 52%) It is an auto parts wholesaler in Canada and Britain and an auto paint distributor in the US, where they are having some problems. They were to do a strategic review but they have not done it yet. He moved on.

(A Top Pick Sep 25/18, Down 10%) It is a great company but we had a terrible spring in North America so inventories build up. Long term he thinks it is great.

He is luke warm on Canadian banks. He owns BNS-T and CWB-T. It has not been the best run bank historically. The dividend is safe unless something horrific happens. It will probably continue to grow its dividend.

Life insurance companies have not done that well. This company owns Great West Life, which has been a disappointment.

The stock has really been hurt. Most of its assets are outside of Canada. The dividend is huge and continues to be paid. It is safe and cash flow will cover it. Everything he sees says it is okay. But it is not without risk.

It has been a controversial stock because it has been losing market share. It was trying to get its Asian subsidiary public. People hoped a really good valuation on their Asian assets would help. They took a lot of debt on.