HOLD
A poor performer. It is trading at a low valuation. He is taking a good hard look at the sector and this company. Looks cheap and it is in a growth area.
COMMENT
With a very long term horizon you can look at it. It is not a value stock. A company that has done a good job and keep on innovating.
DON'T BUY
The whole consumer product sector has suffered from an inability to raise prices. there is margin pressure. Solid dividend. There is room for share price decline if interest rates rise.
DON'T BUY
Unlike like the rest of the sector it has declining revenues. They spent too much o an acquisition. It has been a poor capital allocator. Needs to generate organic growth.
TOP PICK
Massive free cash flow generator. Raising dividends over 10% for the last ten years. An incredible company. Siting on $17 billion just in case. (Analysts’ price target is $51.15)
TOP PICK
Dutch insurance company but 50% of their business is in the US. Selling for 6 times earnings. Very well capitalized. A flat yield curve is hurting them. Trading for 40% tangible book value. He thinks its worth at least double the current share price. (Analysts’ price target is $6.84)
TOP PICK
They are in the fragrances business. Half their business is now outside of Japan and growing. Excellent earning growth. They are in niche segments where there is not a lot of competition. A potential takeover target. The break value is double the price of the shares.