GE, Coach & Deere Down But Not Out Says Al Frank Fund Manager

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GE, Coach & Deere Down But Not Out Says Al Frank Fund Manager

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GE, Coach & Deere Down But Not Out Says Al Frank Fund Manager

by TheStreet 2:36 mins

Investors should snap up General Electric while it remains a cheap, high dividend stock because Jeff Immelt's transformation is working, said John Buckingham, portfolio manager for the Al Frank Fund. Buckingham added that the company will see a higher multiple once investors realize its evolved from a confusing conglomerate to a streamlined industrial. He is also bullish on beaten-down Coach shares, saying the bags and belt company is successfully adding apparel and footwear. Finally, Buckingham is positive on Deere's stock despite the recent soft quarterly earnings, pointing out that the tractor-seller's business is cyclical and its stock is dirt cheap.

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