Stock Picker: Buy Sustainability — Not Dips
"Buy the dips"? Michael Yoshikami thinks that's become a very over-used term.
"What I'm suggesting is, this is an economy that's going to take time to recover," the president and chief investment strategist of YCMNET Advisors told CNBC. "Yes, the recession will end, but it's going to be, in our view, a slow end."
Yoshikami advises buying companies with "sustainable businesses," which sell "very boring things," that are well managed and that have good cash flow.
"Johnson & Johnson, Procter & Gamble, even companies like McDonald's, who are positioned in the right space for an economic downturn," he said. "Those are the companies that need to be looked at."
Disclosure information for Michael Yoshikami was not immediately available.