Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 01:34:24 26 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Jan.08
10:56 AM ET
Thursday, 8 Jan 2009
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  Loading...      ()   ]—“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  Loading...      ()   ]—“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.

Disclaimer

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:02:06 26 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:02:06 26 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:02:06 26 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:06 26 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters