one which s been a little under the radar over the last few mont but we think it still offers very goodvalue, escially on a total return basis. many stocks have strong balance eets, good dividend yields. one we likeis telefonica in spain. it's doing wel in europe. it gets 40% of its revenues from latin america. >> paul: thi trades on the big board tef right? >> correct. >> paul: another instry you're fond of? >> somethi a bit controversial is health care. obviously we're all aware of what is going on with potential health care legislationut we think the vaations are attractive a discounts some of the problems. navart is a company ich is head qrtered in europ >> paul: stzerland? >> correct. trades on the new york stock exchange under the symbo in scx vs. stock withow p.e. multiple, 4 dividend yield, good breath of business. one thing don't know people areocusing on are is the potential of pharmeutical companies particularlyn europe to tapnto the emging markets as those economies expand and the governments try to irove the health delivery system >> paul: whave a minuteeft foone more indusy you