(A Top Pick May 26/17 -  Up 20%.)  Just sold it to take profits. Still likes it. Global health technology company.

This has morphed itself from making radios, etc. into being a global leader in medical technology. If you go into a hospital room, you will their equipment all over the place. They’ve done a fantastic job after a lengthy restructuring. It pays a dividend, and there should be some dividend growth following earnings growth. He is looking for double digit earnings growth. He still sees upside in this.

(A Top Pick Aug 8/16. Up 52.17%.) Philips spun off its lighting business for which it was very well known. However, the Philips of today is a health care technology company making all kinds of interesting devices. It is an amazing company after a lengthy multiyear restructuring. They are finally at the place where they want to be. They’ve had very strong management. Has a slew of products coming out that are pretty uniquely positioned. Medical devices and diagnostic equipment is a growth place for health care, because it ultimately leads to cost savings. There is still reasonable upside on this.

Finally spun off its lighting business into an IPO, called Philips Lighting. They own 75%, and got a great price for it. The lighting business accounts for about $3 per share of the value of the stock. They also got about $750 million from the IPO. They are now really a medical technology company, and are in some great niches that are growing. In fact, earnings growth for the next 3 years should be in a 10%-20% level, probably closer to 20%. Has not been well-managed in the past, but as a medical technology device business, they are incredibly well positioned. #1 globally in several of their areas. They will be cleaning up their balance sheet and probably making some more bolt-on acquisitions. Dividend yield of 3.36%.

They are splitting out the low margin LED lighting business and focusing on medical.  They will benefit from European QE.  With more US workers having jobs, more health care spending will result.  Let it come down a little lower before pulling the trigger.  3.2% dividend.

A global leader in LED lighting, which is a huge growth area for this company. Also, a leader in healthcare equipment such as diagnostics, ECG, etc. They are going through the latter stages of a long restructuring. Earnings are poised to grow by about 20% next year and double digit growth for the next few years. Extremely well-positioned in their businesses. Strong dividend yield of 3.59% even after not a great time. He sees earnings going from the $2 a share level, to $3.50-$4 a share over the next 5 years.

(A Top Pick Sept 20/11. Up 43.9%.) This company has really been delivering on things they promised over the last 3 years. A long-term management focused that the market tends not to be crazy about. Still plenty of upside. Good dividend.