S&P Global Inc

SPGI-N

They have diversified their business over the years. They do credit ratings on bonds which is 45% of their business. They have their indices that they sell to ETF providers. With tax reform in the US, a lot of companies brought back cash into the US resulting in decreased bond issuance and ratings. They have grown their dividend about 14% over the last 5 years. It is a quality company to get you through some of the market volatility. Yield = 1.1% (Analysts’ price target is $207.06)

Very good long-term business. Double-digit return on capital. Consistent 10% a year dividend growth. Attractive level. Owns Business Week, a number of TV channels and publishes schoolbooks. Also owns S&P 500.

Good company. Strong franchise with S&P. Terrible performer because of the rating situation and that there were conflicts in the ratings provided to many of these derivative instruments. Thinks there will be lawsuits. Also expects the volume to be less.

Industry took a hit today and as there were charges against Moody’s (MCO-N) as they had made some mistakes in calculating ratings for some European products and both stocks were hit hard. Relatively cheap and he is looking hard at this one.

They own Standard & Poor's, one of the world's largest rating agencies. This is an oligopoly between them and Moody's. There are litigation risks. Lots of volatility.

The dominant company in electronic publishing. Well run company and good balance sheet. Good price.

Leader in text books and on-line education. Good growth prospects