He does not like the performance. He bought it in 2015 with the expectation that they would resume their dividend increase trend but the stock went nowhere. It is hard for him to recommend it for growth.

He has owned it since 2013. He had said that the business was so good even though it traded at a high multiple he just went for it and it is only at that same multiple today. If you stick with high quality companies, you should do well. He would buy here for new clients.

He does not follow energy companies any more. He won't invest because they can't control the price of oil.

Warrant Buffet never throws in the towel – he does not sell anything. He sold this. The company has revenue growth in decline, the balance sheet is getting worse and they are propping up the stock by share buybacks. They acquired Red Hat at a ridiculous multiple. IBM is so far behind AMZN-Q in Cloud.

They have not delivered on organic revenue growth. It's on his hold list for now. Management has said they will get back to organic revenue growth. The thesis has yet to work.

He used to own it. It is a great business. It looks kind of expensive for the growth you are getting so he would not be in a rush to buy it.

Railroads have seen declining traffic with the uncertainty between US and China. His clients own CNR-T. This is the toll road business. (Analysts’ price target is $180.00)