The Globe and Mail reports in its Saturday edition that John Zechner has sold his shares in Oracle ($142 (U.S.)). The Globe's Brenda Bouw quotes Mr. Zechner, chairman and lead equity manager at J. Zechner Associates, saying: "Oracle, the giant U.S. software company, is a stock we held for a couple of years and sold after its big move up last September. We sold it at around $300 (U.S.) a share. It was a good performer, but I was concerned about the quality of its growth. It expects to generate negative free cash flow for the next four to five years as it continues to invest in AI. Maybe it will ultimately be the dominant player in AI data centres; however, in the meantime, the stock is expensive and the company is going to be doing a lot of borrowing to fund its investments, which is something from which we prefer to stay away." Mr. Zechner oversees about $100-million of his firm's $1.3-billion in assets. He has recently taken profits in sectors that have seen major market run-ups, such as technology and health care in the U.S., and is seeking value stocks in sectors that have been left behind, such as Canadian energy, telecom and railways. Still, he is hesitant to take on too much risk in the current environment.