What's up fellas? Sorry about the late pick - i almost forgot the deadline.... I actually have two picks... The first pick does not quite fit into our price range of 15 - 20 per share, but i think its a good buy at the price its at. Caterpillar Inc. is trading right now around $29. This stock has been up as high as $85 this year (low of 21). The down world economy is the primary reason for CAT being so low right now. Construction projects are at a low point right now, but its not going to last. It won't be intimidate, but eventually construction is going to pick up, not just nationally but globally as well. CAT is the biggest supplier of construction equipment in the world - this is not company that is going to go bankrupt. This a stock that is not going to make us money in the short term, but will make us money in the long term. I know its kinda high priced, but we do have some extra coin in the money market. I have more to say about this that my sway you, but to save email space, i will refrain until our meeting.
If the price of CAT scares u guys, i have second pick as well. Symantec - as you guys probably know, symantec makes anti-virus software. They are trading at 15.30 right now - lower than their compediter McAfree which is up in the 30s. The reason i feel they may be able to make us some money is the rise in computer fraud and viruses that may come through as a result of a down ecomony. People loose their jobs and computer fruad increases. People are desprate - they will try anything to make a buck (phishing scams, spam, viruses, identity theft etc.). The need for anti virus software for major companies is going to be greater and greater. These guys are top notch. I think their stock will rise in the comming year.
In closing, don't sleep on AFLAC - its trading at 18.75 right now. With the rising price of healthcare and the decreasing bennifits, more people are going to turn to these guys for extra coverage. Unless your in the union, your company's health care package has probably taken a hit due to increased costs and premiums. Aflac is cheap option for people to get some extra money if they get hurt.
Thats it - i'm out. I'll see u all on Sunday. Think these over and i'll field any questions u might have.
DON'T FORGET - MONEY IS DUE EOB TOMORROW.
-j crilla
3 comments:
dude.. JC why didn't you tell us to pick McAfee? Up 50% today on buyout from Intel!
Dude... if we bought McAfee at the time of this post, we would still be in the red - even after the 50% gain...
shit was trading for $35 a share in April of 09!
The bigger question is - why the hell didn't we jump on AFLAC!!! (the third pick mentioned in my post)
It was trading at $18.75 at the time, now its at $48 !!!!
WTF!
Post a Comment