Charles Lannon Essilor International EI-FP COMMENT Jan 28, 2014

(Paris Exchange) Manufacturer of eyeglass lenses. Expanding into South America and Africa as per capita income is rising, people can now afford reading glasses. Same-store sales were up about 15% and revenues were up about 25% because of the acquisitions they’ve made. Stock is trading at about 21-25 times earnings but they are growing at that rate now.

(A Top Pick September 14/12. Up 21.76%.) Makes the lenses for eyeglasses. Just took over 100% of the transition line, all the anti-glare and anti-fog. This is a monopoly that controls the market and prices. There is a lot of growth still to come. Still buying.

(A Top Pick Sept 14/12. Up 5.33%.) Has been coming down recently because they have been making acquisitions. Still likes it as they are the only game in town as far as lenses are concerned. Good long-term hold.