Kenneth Fisher recommended five stocks in this month’s Forbes magazine and its online version Forbes.com. His selection this time is based on hero managers running the company. Two of stocks are the same companies he discussed during a recent CNBC interview. Without giving away too much, here is one more company:
And watch the CNBC interview:
Fast-food chains often shine during a late bull market. John Schnatter of PAPA JOHN'S INTERNATIONAL (PZZA, 31) is my pick for this industry. His restaurant chain has 600 stores and 3,000 franchisees spanning America and internationally. In 1983 he sold his 1971 Camaro Z28 for $2,800 to finance a pizza kitchen in his father's tavern. He bought the car back in 2009 for $250,000 and offered Camaro owners a free pizza. Likable, handsome, a charmer, he is also a regular fellow, reminding me of a mix between Chuck Schwab and late-1970s Chuck E. Cheese hero Nolan Bushnell. The stock is at 70% of annual revenue and 12 times my estimate of 2011 earnings.You can read the rest of the recommendations in Forbes.com here.
And watch the CNBC interview:
