As some of you know, I analyze and discuss attractive stocks in the market over on Patreon, which you can assess here. However, since I have done a terrible job of marketing it, I wanted to include an excerpt from an entry I posted earlier today, with the name of the stock redacted for the obvious reason:
“The company, which earned $2.65 per share in profits in 2015 during its first full year as a standalone publicly traded corporation, is expected to earn $3.85 per share in profits this year, which is a growth rate of 13.26% annualized. And those profits are going to be somewhere north of $2.5 billion in 2018–for a … Read the rest of this article!
I got my hands on a Kiplinger Magazine from 1990 the other day, and one article was a list of the “Top 10 Picks For The Next Decade” by an investment club that had monthly meetings in Texas. The ten picks were: Gillette (now Procter & Gamble), Philip Morris (now Altria, Philip Morris International, Kraft, and Mondelez), Coca-Cola, Wal-Mart, Disney, Pepsi, Amoco (which is now BP), Johnson & Johnson, Disney, and their wild international pick was Nestle.
All of those companies still exist today, and are much more profitable now than they were then. Some people heavily discount information like this because there was probably some investment club in Florida that predicted Enron … Read the rest of this article!