|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Ken Fisher Forbes Column: Five Classic Dividend Stocks
Posted by: guruhl (IP Logged)
Date: June 29, 2012 12:54PM
Money manager Kenneth Fisher comments on Interpublic Group (IPG), Westpac Group (WBK), Brisol-Myers Squibb (BMY), Tm Hortons (THI) and Northrop Grumman (NOC), in his Forbes column:
This issue marks my 28th anniversary as a Forbes columnist–365 total columns. My timing was great. When I started, the S&P 500 stood at about 151. Today, despite a few serious setbacks, it is almost nine times that.
I started writing the year Ronald Reagan ran for reelection against political yawn Walter Mondale. It was a blah-boring election year stock-market-wise–after a long era when stocks performed poorly, a lot like now.
This is not 1984, and I have stated before that I think we are in a more bullish 1993-type market. At 61 I feel young and optimistic and see no valid reason stocks shouldn’t do as well in the next 15 years as in my first 15 here. Don’t let the seemingly futile gyrations in Europe keep you out of the market this summer.
Here are some picks for your consideration:
In a world where media struggle but are ever more ubiquitous, particularly online, Interpublic Group (IPG, 10) should grow with the global economy and then some. If so, its trailing P/E of nine with a 1.8% dividend yield is too cheap. As one of the world’s very largest advertising and image firms it spans 100 countries with more than 70 agencies and nearly 40,000 employees, doing everything from brand strategy, media buying, public relations, event marketing and more–all the imagemaking pieces.
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.