Happy 2k10 boys! This is gonna be our year, i can feel it! Lets start this decade off on the right foot and make some money with our 1st qtr pick. I really like the picks that you guys have submitted so far - lots a variety and lots of potential. Joe stole a bit of my thunder as I was also looking into water/sewer utility stocks and WTR was one i was looking at as well. So instead of submitting a similar stock pick this qtr, i figured i'd go in a different direction and pick a stock in a sector close to Joe's heart - Broadcasting.
My stock pick for this qtr is Discovery Communications (DISCA). A channel that in my opinion has has the best shows on TV hands down. If i could only chose 3 cable networks to watch the rest of my life - Discovery would be #1 on my list. Now this stock is currently selling a bit higher than what we usually target (32), but I believe its worth taking a serious look at. They own the discovery channel, learning network, animal planet, and also they are in a partnership with Oprah for her own channel that is set to launch in 2011 (OWN) once Oprah's show is off the air. Discovery made a killing this past year in a down market (it was trading at 15 back in March) and all things point to them having a great 2010. They are beginning to become very big in international markets (such as Brazil and Mexico), which will only make them more profitable.
And once Oprah's channel takes off - who knows what will happen. Its an expensive stock, that is selling high right now, but they are a very profitable company and i believe they will continue to be for the forseable future.
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