This is a consolidation of "mistakes" I made. For every business, I want it to be FCF generating, profit resilent (no loss even during AFC or GFC) with clear growth drivers or cyclical on a potential upturn, last but not least a consistent dividend payout. Thereafter, I would like to know its challenges and how it might be overcome. 1) ST engineering Growth drivers are in smaller segment of revenue contribution. I correctly think the growth will come from electronic - LSG, but it is too small to offset weakness in aerospace. It is not a real beneficiary of strong US dollar although it has a 20% contribution in revenue from US. Although there is no specific breakdown between segment and country, my guess is the US business is mainly Marine, Land Sysetm, which are both weak currently. Venture on the other hand, should benefit form currency weakness ......