Consol Energy—“The coal market worldwide tends to tighten over the next 5 years, which ought to bode very well for [Consol] as the U.S. exports more coal,” he said.
National-Oilwell Varco—“The oil services companies, with the growing worldwide economy: demand stays strong, exploration stays strong and [National] has $3.2 billion of cash in the balance sheet, and $2 billion of free cash flow,” he said.
“What we have is a bad gas economy: when you put bad gas in your car, it sputters, it stops and stalls,” said Costa. “You have 10 percent unemployment. These people have been out of work for a while and this recovery is going to take longer than the government thinks.”
DeVry—“So what’s going to happen is there’s going to be lots of people going to training in new fields,” Costa said. “So DeVry is well positioned for that.”
Manpower—“It’s a great play in a recovery,” he said of the firm. “No one’s going to hire long-term—they’re going to hire short-term employees and people are going to be retrained. And once they can’t get hired, they are going to look for new jobs.”
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Phillips personally owns shares of CNX, NOV, and ABC.
No immediate information was available for Cost or his firm.