BUY Independence Group (IGO) Project economics impress, with low cash costs expected to drive solid cash flows, even if spot prices persist. It is benefiting from being counter cyclical. 
$2.29 BHP Billiton (BHP) The earnings impact from commodity prices (ex-energy) is not as significant as peers, but BHP must rebase its dividend by half, in order to hold debt levels steady.
$16.87
HOLD Crown Limited (CWN) I'm sceptical Cons Press would look to acquire the remainder of Crown as the cost would be at least $6.8b and Crown needs access to the public markets to fund its growth prospects.
$11.60 Domino's Pizza (DMP) The company will acquire the Joey's Pizza chain in Germany. I like the move, given the company's track record in Europe, but baulk at paying the multiples demanded.
$56.94
SELL Dulux Group (DLX) It has affirmed full-year guidance for higher earnings but the tone of the commentary was soft in relation to new housing as well as the commercial and infrastructure markets.
$6.33 Sonic Healthcare (SHL)   October's Medicare stats indicated a grim outlook and MYEFO has brought cuts to pathology and imaging benefits. Changes in the US and Germany are negative for Sonic.$17.95