Saturday, September 06, 2008
It's been a rough couple of months and I still think the bottom is yet to come. But I cannot help to notice that some of my favorite names are getting awfully attractive, price-wise, as of late. They include: Visa (V), Mastercard (MA), Potash (POT), Agrium (AGU), Mosiac (MOS), Intrepid Potash (IPI), Monsanto (MON), CF Industries (CF), Colfax (CFX). Some of the great names like CME group (CME) and Intercontinental Exchange (ICE) are selling for very attractive prices as well. To this list, I add construction/engineering firms which I think still have great global potential but have been beaten down severely by fears of slow down. I have to admit that for these guys, I still see potential for further deterioration in the months to come, such as the case with them in any "recession". These include KBR Inc. (KBR), Shaw Group (SGR), Flour (FLR), Foster Wheeler (FWLT), Jacobs Eng. (JEC). I am also very much attracted to certain energy stocks: Tesoro (TSO), Valero (VLO), Sunoco (SUN), Magellan Midstream (MGG). Energy stocks I am watching closely are: Petrobras (PBR), Petrochina (PTR), China Petroleum (SNP).
Posted by Dr. N at 6:35 AM