In an environment of stagnant growth and screaming market reversals it's good to know that some stocks and companies never go out of style. At least that's the case of BMT Asset Mnagement's Chip Cobb. Chip came on the show to sing the praises of Philip Morris International (PM), apparel manufacturer V.F. Corp (VFC), and the ancient yet somehow still relevant AT&T (T).
Nesto and I, being the type of guys who would happily take the other side of someone's claim that a cloudless sky is blue, were more than happy to take Chip Cobb to task on every name. It didn't hurt matters that I don't own any of the stocks. Cobb (no relation to "Ty" though his son is named Tyrus) hung in just fine and parried our every thrust.
Watch the video for the details; here's the gist of his bullish case for each:
Philip Morris International (PM)
The international spin-off of "Altria" (MO), a name I refuse to say without air-quotes, PMI is up a smokin' 45% in the last 12 months. Cobb is looking for more based on the growing business and isn't concerned about regulatory headwinds increasing in foreign markets. Even if he were wrong, growth and a PMI's greater than 3.5% yield would ease his pain.Read More »from 3 Stocks for a Sideways Market