America for Sale Stocks
In this article it mentions the following bargains....
Exxon Mobil, IAC, Microsoft, Apple, Dell, Motorola, Loews, KBR, and Nam Tai for it's big cash reserves.
United Technologies, Deere, Catepillar, Terex, and Paccar for it's market position and strong balance sheet.
"Jeff Gendell, the chief of Tontine Associates, recently gave plug for KBR in an investor letter. Gendell noted that KBR, whose shares trade around 15, has $10 a share in cash and should earn $1.70 a share this year."-Stock Article Link
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posted by RetireRichBlog at 6:20 AM
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1 Comments:
The Net Cash position is wrong. Gendall didn't do his homework...KBR made a $500m acquisition and $250ish of stock buybacks. KBR's net cash is $750m less than is reported as of their latest 10q.
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