Ideas in this week’s Barrons:<\/p>\n
Discover (DFS) – 1.6% yield and has purchased about 3.7% of its stock market value in buybacks. 10.2x NY EPS.<\/p>\n
Covanta Holding (CVA) – Stock was hit in last week, down to $17.42 from about $20 due to lower guidance. Yields 3.8%, FCF yield 11%. Bought back 15% of stock in last 3 years. Worth $25 in a buyout.<\/p>\n
5th Annual For Kids Investment Conference –<\/p>\n
Nelson Peltz (Trian) – MDLZ – activist play, could double earnings by 2015
\nMarc Lasry (Avenue Capital) – JCP bonds trading at .65 on the dollar, should return to par in two years.
\nMark Kingdon (Kingdon Capital) – BA – increased cash flow due to 787 should get stock to $170.
\nSteve Kuhn (Pine River) – ACAS – a BDC, buying back shares at a big discount to book. Dividends to resume in the future. Stock could double in a few years.<\/p>\n
\u00a0Donald Yacktman likes KO, PEP and PG. They are “like undervalued bonds.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Ideas in this week’s Barrons: Discover (DFS) – 1.6% yield and has purchased about 3.7% of its stock market value in buybacks. 10.2x NY EPS. Covanta Holding (CVA) – Stock was hit in last week, down to $17.42 from about … Continue reading