The last time he was here was early March 2020, right before Covid. Everything then went into a bubble--stocks and cryptos--then corrected, then the Russian war happened. So, what we see now is resilience--make your stocks all-weather. The strong consumer can last, because we have the lowest unemployment in 50 years. However, we have an inverted yield curve, which signals a recession. Meanwhile, the high interest rates of last year while generate pain later this year.
Still likes it. They spun off over-the counter and consumer pharmaceuticals like Advil and that's when shares dipped (last fall). He chose it back then to bet on Covid vaccines, but that didn't pan out. But he likes it for that spin off and you get paid a reasonable dividend.
They had operational problems in Mexico, but they remain a major silver and gold producer. They just took over the Latin American operations of Yamana in tandem with Agnico; this will double their gold production. They have a warrant to reopen a mine in Guatemala, and might reopen. Gold and silver is the place to be.