(A Top Pick Dec 6/07. Down 42%.) Designer glasses. Discretionary consumer products will have a negative impact during recessions. Still likes. Would buy more if it got cheaper. 3.5% yield. Getting into China in a big way.
(A Top Pick Dec 6/07. Down 39%.) Sold his holdings in July. Out of all techs and a lot of US stocks because they didn't pay dividends and was worried about multiple compression.
(A Top Pick Dec 6/07. Up 26%.) (South African exchange.) Still buying. Like a Costco with no Wal-Mart competition. Revenue growth of 15%. Long-term hold.
Wouldn't want to own this one right now as there will be future demands for more capital, which will dilute the earnings per share. This choice would be Banco Bilbao (BFR-N).
This is a cyclical blue chip. When the cycle is good and the economy is strong and its demands will rise along with the stock price and earnings. It will have staying power in this environment.
Down 30% this year because the insurance side is getting very competitive. Not a big fan because he doesn't try to duplicate what others are doing. Also concerned that the succession plan for this company will not be as strong.
Biggest landlord in Manhattan. Under the gun right now because of all the layoffs going on in New York City. Have been able to roll over their debt. Customer clientele base has been pretty strong. Expect the parent Brookfield Asset Management (BAM.A-T) will continue to make acquisitions. Would prefer the parent.
One of the largest oil field service companies globally. Good at what they do. Went up mostly because of hedge funds and commodity prices may go sideways for quite a while. Would prefer in the mid-$20's.
The biggest problem here is that when the British government was about to throw a lifeline to the British banks they said no because the CEO did not want his salary reduced. Have had to recapitalize and this will not help earnings for a long time.
Stock has come down hugely and the yield is very high. Big concern is not because of the long-term contracts but what might happen if shipping costs become greater than the costs of production at home. Questions the sustainability of the yield.
Deep sea driller. Very well run. As oil prices came down and demand for drilling started to ebb, stock price dropped. No dividend. Future earnings are looking a little weaker than previous. $25-$30 range would look attractive if you've got the patience for the cycle to turn.
Outsource pharmaceutical manufacturer of generic drugs. No barriers to stop others from doing the same kind of business. He prefers Johnson & Johnson (JNJ-N) or Novartis (NVS-N) who specialize in what they do.