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-- -- flat pleases you invest your money.
The former -- During this explain why -- -- CEO -- -- financial strategies.
What I love about this though is this is back -- deals out Peter Lynch investing investing what you know as soon so.
Stocks picked up -- yes Tracy we're in a quick jobs like -- -- back -- Michael and its programs like.
-- and mathematics ever at a I can't help you there.
So yes we're getting a little concerned about the market because a year ago we had.
Always issues about the European economy the American economy and of course emerging markets.
And fast forward to today were up 27% until they all we have is the promise of good things to come so we're starting to little concerned especially -- fiscal -- looming in the if -- is that the biggest threat is that you -- we have let.
DC continue to be polarized as you mentioned the Euro zone global market so emerging markets continuing to fate it was the same story is a year ago as it is right now as you just pointed apple what's the biggest threat.
We think the biggest threat -- is the fiscal cliff we think that we we have CEOs out there who are the winning hiring decisions because.
If if this includes those hit all the same time we're for sure gonna get a -- -- in the economy next year.
And who wants to go I -- people just the -- off a few months later.
-- -- -- -- The -- of what's happening.
If you're smoker -- buying cigarettes if you drink beer you're not gonna stop because your paycheck potentially got smaller so.
And your picks are basically.
Kicked around that write the stuff we do every day regardless of what -- -- that looks like.
Addictive yes yes I once had a well to do doctor -- at the might say to -- -- list please construct a portfolio for me I want old things that people will be addicted to -- I know they won't give the law.
Well that's not what particular play deal like talking about.
Tobacco what do you likened tobacco.
Well tobacco for us is a little stressed Philip Morris is a name we like -- yeah -- is a 40% last year in this had another pretty good year this year so it's a little stretched out so we're looking for a little bit better valuation.
And we see that's -- Yum! Brands the parent company to -- Yum! Brands is up five times its price -- -- it was spun -- from Pepsi in the late ninety's.
And during that time they open up an average of four that's the 400 -- a year in emerging markets.
And now the -- to a rate that's -- -- be eight or 900 stores a year in emerging markets so we think that there's still a lot of room to go for Yum! Brands.
-- -- chicken Taco Bell -- had all under Yum! Brands you know we were talking about drugs AstraZeneca.
Because -- get addicted to that's up to -- Well you know you think -- -- the pizza from from from Pizza -- from I don't Branson and and then you have the beer from a Sydney Miller and then you're gonna meets next CM they analyst I suggest you take an -- prior.
To -- to -- sensors historical Phil Bennett gesture Zeneca makes next -- -- among other things.
For the four point 1% dividends.
If there's trouble ahead then we can get paid to wait until you mentioned SABMiller -- you like that is in the the big category.
As CB Miller minutes.
They make 200 different Beers and -- -- -- -- five different countries.
So this is another wonderful emerging markets story down and and beer sales tend not to go down if anything -- go up during tough times so we feel safer -- And they just typical quote too so I guess our around it's pretty safe bet.
John -- thank you so much for being on us thanks for having -- that is.
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