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Monthly Archives: June 2009

HCBK and WFC: Two Bank Stock Recommendations

June 30, 2009

Have all banks run amok? Not quite. I’ve gone out on a limb lately and recommended a couple of banks in the advisory I edit, Cabot Benjamin Graham Value Letter. Hudson City Bancorp (HCBK) owns and operates 127 savings bank branches in northern New Jersey and New York City. The bank specializes in writing jumbo mortgages in the more affluent counties of New York and New Jersey. High loan standards and the avoidance of the sub-prime market have led to Hudson City’s strong balance sheet and low mortgage defaults. Flash Player 9 or higher is required to view the...

Too Big to Fail: Breaking up Banks

June 29, 2009

By roy

I bank at one of the larger banking institutions in this country and have kept my account there for a number of years. My loyalty has been tested lately, though, on more than one occasion. I won’t go into all the details, except to say that my latest encounter was the doubling of the interest rate on my credit card for no apparent reason. My problems, though, are minor compared to bank customers who have over-borrowed and cannot keep up with the required payments on their credit cards, loans, or mortgages. And therein lies the crux of the entire...

STEC: The Strongest Stock in the Market

June 25, 2009

By mike

With most stocks getting hit in the past week, it’s hard to find a stock that’s at a pristine buy point. And, frankly, even if I saw one, I’m not sure it would work out–when the market is under pressure, good stocks can go bad in a hurry. So I want to highlight a company with a new product, with outstanding sales and earnings growth, and whose stock is probably the strongest in the entire market–in other words, it’s a potential winner once the bulls re-take control. The company is STEC Inc. (STEC), which I’ve written about a few...

ADY: Milking the Chinese Market

June 25, 2009

By paul

My stock recommendation today is American Dairy (ADY), a Chinese producer of milk powder, soybean milk powder, walnut products and other dairy stuff. China isn’t known as a big consumer of dairy goods. Many Chinese find cheese distasteful and just don’t enjoy yogurt, buttermilk and the rest of the milk-based foods that delight Westerners. But that’s changing … a little. You can’t call a company with $266 million in annual sales a major trend, but it’s a start. The Chinese are finding a place in their child-rearing regimen for milk-based infant formula, and the potential is enormous. The company...

Three Reasons to Own Individual Stocks

June 24, 2009

By paul

In 2002, the Investment Company Institute, the industry group for mutual fund companies, found that just about half (52.7 million or 49.5%) of all U.S. households owned stock in some way. But just 21 million households (fewer than 20%) owned individual stocks outside their 401(k) plans and other mutual funds. I know that much has changed since 2002, but I’m betting that those figures are still in the ballpark. And that’s because owning mutual funds is easy. If you own a chunk of a fund that owns a basket of stocks, you don’t have to watch the daily movements...

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