Value investing guru Tom Russo of hedge fund Gardner Russo and Gardner was on CNBC Fast Money to discuss his portfolio, which is full of European stocks, and where he is seeing opportunity in Europe amid all the turmoil.
He thinks all the current turmoil in Europe is providing a terrific opportunity to invest at give-away prices into valuable branded companies based in Europe. He specifically likes the companies which are Europe-based but have global brands with an increasing part of their sales coming from developing markets which are expected to grow for a long time, e.g., Nestle (NSRGY, Financial).
Here is the video:
He thinks all the current turmoil in Europe is providing a terrific opportunity to invest at give-away prices into valuable branded companies based in Europe. He specifically likes the companies which are Europe-based but have global brands with an increasing part of their sales coming from developing markets which are expected to grow for a long time, e.g., Nestle (NSRGY, Financial).
Here is the video:
