50% off Premium Yearly
Jarden Corp.JAHPAST TOP PICKAug 28, 2015Stock price when the opinion was issued
Owns brands like Coleman, Sunbeam, Rawlings Sporting Goods, and even Bicycle playing cards. Great company. Had a good run, but still only trading at about 14.5X next year's earnings. He considers it as almost a hedge on his overweight in the energy area. As you see oil and gasoline prices come down, it puts a lot of money in consumers’ pockets. 16% of their sales for various products goes through Wal-Mart.
(A Top Pick Oct 29/14. Up 21.84%.) Still feeling very good about this. Just recently made another acquisition to add to their arsenal. Bought a UK company called Waddington, which makes disposable dinnerware. Has a very strong stable brand. Very solid growth and still a very reasonable multiple.