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Delphi's Scott Black Discusses His Top Picks

Dheeraj Grover

Dheeraj Grover

18 followers
Well-know value investor and hedge fund manager Scott Black of Delphi Asset Management was at on CNBC to discuss his top picks.

-- Stocks are still cheap and good place to be despite his prediction of slower earnings growth.

-- Consumers are still not in good shape and it is the consumer which drives the economy.

-- Predicts market can go up 10% to 12% this year.

-- Debt ceiling debate will bring risk and can derail the rally.

-- Large cap stocks are much cheaper versus small and mid caps.

-- There is a big bubble in bonds.

-- His top picks:

-- In technology space - Cisco (CSCO), Apple (AAPL), Qualcomm (QCOM).

-- In health care - Medical Properties Trust (MPT), it has 6% yield, acute care hospitals, long-term acute care hospitals, solid dividend coverage and solid balance sheet.

-- McKeeson (MCK), EPS of $8.10, high 12 multiple, earnings growing at 10% per year, $1 billion of free cash flow, stock repurchases, benefiting from move from branded to generics.

Credit and source: www.cnbc.com, CNBC

Here is the video, disregard the first 5 minutes of video, Scott comes in at around 5:08 in the video







About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 5.0/5 (1 vote)

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