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COMMENT
The worst is over. Even though they made such a big loss. If you buy today, you are making a bet that interest rates AND especially the stock market are going to go higher. Interest rates – how much lower can they go? They are looking at being fully hedged by 2015. Balance sheet is in much better shape. He thinks they will be going on with $1.50 in earnings being normal.
insurance
BUY
BUY
It’s hard to get disappointed when you have 30% earnings growth and raise dividend 12%. Stock has done very well. They keep putting the puck in the net. No end in sight to the earnings growth. 10-15% a year by gaining market share and relationships with mortgage brokers. Biggest risk is tanking of the real estate market.
investment companies
funds
WAIT
Good company, bad stock price. It’s hard to see it going past $42 in the next year or so, but if you hold it longer, you will do well. It is going to be a cash flow machine, raising dividends. If they are successful with the US expansion then earnings growth could be phenomenal. Wait for a pull back to $36-$37 or wait for it to grow into its stock price.
food services
TOP PICK
One of the largest distributors of grains, crops and especially soybeans. China imports 55 Million tones of soybeans and can only produce 15 tones. Problem with soybeans is you can’t just throw more fertilizer on them, they need lots of water and China is a little short of water. Biggest risk is crop prices dropping. This quarter they couldn’t source grains from Russia. Over the long term this is a great place to be. Raised dividends 37 years in a row and is trading at a cheap valuation.
food processing
TOP PICK
Everyone is saying Tech space is great, but CSCO came out and disagreed and it hit the stock price. Smart phones use 40 times the amount of data as a regular phone so telcos have to buy more equipment. Don’t bet on the horse, bet on the racetrack. Tech stocks have never been cheaper.
electrical
electronic
