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Current DateTime: 10:12:16 10 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Nov.07
3:41 PM ET
Friday, 7 Nov 2008
Stock Picker: 'Boring is Beautiful'

Peter Andersen has a succinct theme for his stock market choices in this fragile market: Tobacco, cans and bottles.

"Frankly, I think boring is beautiful right now," the Congress Asset Management portfolio manager told CNBC.

Recommendations:

So who's boring — and beautiful — to Andersen?

Philip Morris International [PM  Loading...      ()   ], Owens Illinois [OI  Loading...      ()   ], and Crown Holdings [CCK  Loading...      ()   ].

"These companies have hardly any new capital requirements," he said.  "There are a lot of CFOs out there right now that aren't getting much sleep, because they do have to go to the capital markets for financing."

He finds it "extraordinary" that Philip Morris International has actually raised its dividend recently.

Disclosures:

Disclosure information for Peter Andersen was not immediately available.

Disclaimer

© 2008 CNBC.com

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