Keith Richards Snap-On Inc SNA-N HOLD Feb 26, 2024

Snap-On tools that are available everywhere. He loves this because he is a huge believer in housing stocks and the housing market right now. The housing numbers, both existing and new home sales, in the last week for last month were absolutely fantastic. He feels this is going to continue. Millennials are finally getting to the age where they are going to start buying homes in the US. (See Top Picks.)

A leading manufacturer and distributor of tools and power systems, etc. They’ve paid a dividend for 77 straight years and are growing their dividends at 15%+. Have a van network of 3500 vans with their franchisees. Their next closest competitor is 1500 vans. Dividend yield of 1.53%.

(Top Pick Jun 7/16, Down 4.29%) They had a great second quarter. They have high customer intelligence. The company has been around about 100 years and paid a consistent dividend for 77 years. Very high quality book.

Last week, they reported a clean top and bottom line beat, but shares didn't pop much. Shares remain down 15% from its July highs.

Exposure to car industry (old cars need repairs). Seasonality - performs well in January. Expecting further strength in stock. Cyclical stock, so expect volatility. 

Seeing weakness in company. Despite car maintenance going up, company not performing. Has sold shares.