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Hedge Fund Trade of the Week: Becton Dickinson

Tuesday, 5 Oct 2010 | 5:43 PM ET

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week’s trade is long….. Becton Dickinson

Check out some of the company’s stats:

Becton Dickinson (BDX)
Sector: Health Care
Industry: Medical Equipment & Supplies
Based in Franklin Lakes, NJ
Market Cap: $17.4 billion
52-week high: $80.56
52-week low: $66.20

Anthony Scaramucci thinks the stock is cheap. ”It's historically trading at two thirds of its P/E,” he says. And he likes the fundamentals. “It’s a great cash flow generator”.

Scaramucci also likes that the smart money holds this stock including David Einhorn’s Greenlight Capital.

”It’s a safe and defensive name with high rates of return on its capital,” he concludes.

Hedge Fund of the Week
Anthony Scaramucci, SkyBridge Capital discusses Becton Dickinson as a hedge fund to watch this week.

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



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Trader disclosure: On October 5th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Guy Adami owns (AGU), (INTC), (BTU), (NUE), (C), (GS), (MSFT); Tim Seymour is long (AAPL), (YUM); Tim Seymour's firm is short (MT); Karen Finerman's firm is long (BAC), (JPM), (BDX), (YUM), (MCD), (HPQ), (GOOG), (KFT), (FLS), (JCG), (BBY), (TJX); Scott Nations is long (MSFT); Anthony Scaramucci owns (BDX); Jon Najarian is long & has sold calls in (HD); Jon Najarian is long & has sold calls in (COST); Jon Najarian is long & has sold calls in (GS); Jon Najarian is long & has sold calls in (MS); Jon Najarian is long (STEC) calls; Jon Najarian is long (MOS) calls; Jon Najarian is long (ERTS) calls; Jon Najarian is long (COCO) calls; Joe Terranova is long (EOG), (APA), (AAPL), (OIH), (VRTS), (XBI), (ARUN), (IBM), (XBI), (C), (ORCL), (PEP), (OXY), (SU), (JOYG), (RIG), (IBM), (HES), (RSH), (UPL)

For Brian Kelly
Accounts managed by Kanundrum Capital own (GLD)
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Accounts managed by Kanundrum Capital are short Mexican Peso
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For Anthony Scaramucci
Anthony's Scaramucci's firm owns (BDX) for clients

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No Disclosures

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For Eric Jackson
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—Wire services contributed to this story

  Price   Change %Change
BDX
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