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Hunting For Value in Consumer Staples Stocks
Will Nasgovitz, portfolio manager of Hartland Advisors told CNBC he sees a few consumer staples stocks that will help boost portfolios.
“The discretionaries have been dismal,” said Nasgovitz. “The consumer is pulling back, people are eating out less, we’re dusting off our cookbooks, we’re asking relatives for new recipes and that’s good for [consumer staples stocks’] top-line.” (See the video clip for the full interview...)
Recommendations:
Safeway Grocery Store [SWY
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]—“They’re trading at 10 times earnings…and are going to be a cash flow machine next year. They’re going to have a growth of $700 million of free cash flow versus [over] $500 million this year, and maybe a billion in 2010…”
Hormel Foods [HRL
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]—“We think there’s a real margin opportunity...It’s a company with a great balance sheet, a nice dividend, a leader in the space.”
Disclosures:
Disclosure information was not available for Nasgovitzor or his company.
Data is a real-time snapshot *Data is delayed at least 15 minutes
