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Non-Tech : Companies that BENEFIT from a recession -- Ignore unavailable to you. Want to Upgrade?

To: Sid Turtlman who wrote (22)	2/6/2008 10:39:23 AM
From: zebraspot	Respond to of 34

Hi Sid. Yeah, CL may be a little popular and obvious, but the p/e in past recessions has soared into the 30s, and at current price of $75 (it's come down from a recent $81), and with the recent very good quarter and outlook, I still see upside to $100-120 within 2 years. So the in-the-money '10 LEAPs offer a real good shot at a double+, with very little downside risk. Not chopped liver. An appealing all-seasons stock, as the company will do well regardless of economy and is one of the best 'global growth' brands, and weak dollar beneficiaries going (85% of its earnings are in foreign currencies). The product is bullet-proof and the company well-established in emerging markets (unlike many who just want to be in those markets). It's popularity will only be growing, IMO. Yeah, I've had a good year or two being gloomy early. Still hold lots of gold since '01. RE-related puts still look good to me. ETrade was my biggest winner last year. Saw the exposure they had in their Home Equity 2nds and positioned myself early. I see Wells Fargo as next, given a similar huge exposure to Home Equity 2nds ($80 Billion vs. $40 Billion shareholder equity). Plus, their portfolio is stuffed with loans that will do poorly in the coming hard times. Buffett's halo and their reputation for being better and more conservative than the rest (Ha!) notwithstanding. The bus company is good income for the next 2 years. $12 may happen again in that time frame, though eps benchmarks remain a drag.