David Driscoll
Member since: Oct '00
President & CEO at
Liberty International Investment Management Inc
Liberty International Investment Management Inc
2153 Opinions
Latest Top Picks
(A Top Pick Oct 12/18, Down 8%) Problem with slowdown in China where 35% of their revenue comes from. The demand is not growing at the same pace as before. Indian air and water purification business revenue is up 30% and this is their next move.
(A Top Pick Oct 12/18, Up 39%) Specialize in sterile equipment in hospitals. It was cheap a year ago but wouldn't buy it today, since the medical devices are starting to get over heated.
(A Top Pick Oct 12/18, Up 21%) Property casualty. Combined ratio dropped to 89%. Among the best and has a single A credit rating.
They only own government bonds in cash in their investment portfolio that will make money if interest rates go down. Ability to grow earnings over the next while. Will benefit from falling interest rates. Yield 1.97%
Private equity is illiquid, but BAM.A makes money off private equity and charges fees. They shouldn't be hurt as badly if there is a market correction. A good defensive play.
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COMMENT
COMMENT
August 2, 2019
Market outlook. Bullish on Europe, focusing on multi-national companies based in Europe with international revenue, more than a pure European play.
Market outlook. Bullish on Europe, focusing on multi-national companies based in Europe with international revenue, more than a pure European play.
David Driscoll
President & CEO, Liberty International Investment Management Inc
COMMENT
COMMENT
August 2, 2019
All global bonds have risen in response to an aggressive stance from Trump in the largest jump this year. We also still have an inverted yield curve.
All global bonds have risen in response to an aggressive stance from Trump in the largest jump this year. We also still have an inverted yield curve.
David Driscoll
President & CEO, Liberty International Investment Management Inc
COMMENT
COMMENT
August 2, 2019
Steepest weekly loss in NASDAQ and S&P500 since December, year to date. The FANG stocks have yet to return to where they were. The Fed rate cut is due to global slowdowns, especially in manufacturing.
Steepest weekly loss in NASDAQ and S&P500 since December, year to date. The FANG stocks have yet to return to where they were. The Fed rate cut is due to global slowdowns, especially in manufacturing.
David Driscoll
President & CEO, Liberty International Investment Management Inc
DON'T BUY
DON'T BUY
August 2, 2019
Among the worst banks in Europe. Trying to cut costs since 7 years, but still losing market share. Reduced dividends again. They don't know what they're doing. Want quality companies with free cashflow.
Among the worst banks in Europe. Trying to cut costs since 7 years, but still losing market share. Reduced dividends again. They don't know what they're doing. Want quality companies with free cashflow.
banks
BUY
BUY
August 2, 2019
Over the next 25 years, type 2 diabetes will grow 55% led by India and China. Demand will be there. Novo needs to go and get this market. Starting to show better revenues and operating margins. They also have a new drug that is not just for diabetes but for weight loss.
Over the next 25 years, type 2 diabetes will grow 55% led by India and China. Demand will be there. Novo needs to go and get this market. Starting to show better revenues and operating margins. They also have a new drug that is not just for diabetes but for weight loss.
biotechnology/pharmaceutical
WEAK BUY
WEAK BUY
August 2, 2019
The best performing FAANG stock in the last quarter. Data accumulation is their bread and butter and this drives ad revenue. Among the 5 stocks, this has the most upside potential. When the market falls, FAANG stocks fall more.
The best performing FAANG stock in the last quarter. Data accumulation is their bread and butter and this drives ad revenue. Among the 5 stocks, this has the most upside potential. When the market falls, FAANG stocks fall more.
Business Services
COMMENT
COMMENT
August 2, 2019
His focus is to preserve capital, and thinks the market is richly valued. Though timing the money doesn't work, he is keeping cash. In 2008, investors took a long time for investors to make their money back, due to capital depreciation.
His focus is to preserve capital, and thinks the market is richly valued. Though timing the money doesn't work, he is keeping cash. In 2008, investors took a long time for investors to make their money back, due to capital depreciation.
David Driscoll
President & CEO, Liberty International Investment Management Inc
HOLD
HOLD
August 2, 2019
Had a bad quarter but they just announced a 12% dividend increase, which is 1.5x more than average company. This is a play on electrification and want to own for the long-run. Currently trades at 15 times earnings
Had a bad quarter but they just announced a 12% dividend increase, which is 1.5x more than average company. This is a play on electrification and want to own for the long-run. Currently trades at 15 times earnings
INDUSTRIAL PRODUCTS
DON'T BUY
DON'T BUY
August 2, 2019
Has gone down a lot due to arthritis drug coming off patent. Earnings have been disappointing which pushed down the price further. Unsure if they can rebuild revenues to the same levels as before. Competition is now coming from generics and biosimilars, and would prefer medical device companies.
Has gone down a lot due to arthritis drug coming off patent. Earnings have been disappointing which pushed down the price further. Unsure if they can rebuild revenues to the same levels as before. Competition is now coming from generics and biosimilars, and would prefer medical device companies.
COMMENT
COMMENT
August 2, 2019
telephone utilities
BUY
BUY
August 2, 2019
Largest Coca-Cola bottler in Latin America. Owns Heineken shares and owns the Oxxo store chain. Has added gas stations to their Oxxo stores. Doing well on a fundamental basis, but they're getting hurt by low pesos and global slowdown. Latin America usually gets hit first.
Largest Coca-Cola bottler in Latin America. Owns Heineken shares and owns the Oxxo store chain. Has added gas stations to their Oxxo stores. Doing well on a fundamental basis, but they're getting hurt by low pesos and global slowdown. Latin America usually gets hit first.
food processing
PAST TOP PICK
PAST TOP PICK
August 2, 2019
(A Top Pick Oct 12/18, Down 8%) Problem with slowdown in China where 35% of their revenue comes from. The demand is not growing at the same pace as before. Indian air and water purification business revenue is up 30% and this is their next move.
(A Top Pick Oct 12/18, Down 8%) Problem with slowdown in China where 35% of their revenue comes from. The demand is not growing at the same pace as before. Indian air and water purification business revenue is up 30% and this is their next move.
misc industrial products
PAST TOP PICK
PAST TOP PICK
August 2, 2019
(A Top Pick Oct 12/18, Up 39%) Specialize in sterile equipment in hospitals. It was cheap a year ago but wouldn't buy it today, since the medical devices are starting to get over heated.
(A Top Pick Oct 12/18, Up 39%) Specialize in sterile equipment in hospitals. It was cheap a year ago but wouldn't buy it today, since the medical devices are starting to get over heated.
medical services
PAST TOP PICK
PAST TOP PICK
August 2, 2019
(A Top Pick Oct 12/18, Up 21%) Property casualty. Combined ratio dropped to 89%. Among the best and has a single A credit rating.
(A Top Pick Oct 12/18, Up 21%) Property casualty. Combined ratio dropped to 89%. Among the best and has a single A credit rating.
insurance
BUY WEAKNESS
BUY WEAKNESS
August 2, 2019
Their forward PE is 35-40 times. Main business is waterline irrigation and putting zip-lines in construction areas. Now using satellite imagery to show farmers where to put irrigation. A play on Internet of Things with their satellite and automation.
Their forward PE is 35-40 times. Main business is waterline irrigation and putting zip-lines in construction areas. Now using satellite imagery to show farmers where to put irrigation. A play on Internet of Things with their satellite and automation.
machinery
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