Quick Hits

Here are three quick updates to some of our Buy List stocks.

In the last CWS Market Review, I talked about Fiserv (FISV) being the first Buy List stock to recover and make a new all-time high. That just happened. The shares have been as high as $63.22 today.

Renaissance Technologies, the famous hedge fund outfit, started a new position in Bed Bath & Beyond (BBBY). In late July, BBBY topped $64 per share, which was up nearly $10 from its big low in June. The stock pulled back again but held at $61 and is now quietly drifting higher.

Last week, Moog (MOG-A) announced that it’s expanding its share buyback program. The company said it’s going to buy back four million shares this year. Now it’s adding another five million to that figure. Moog’s CEO said, “Given our continued strong cash flow we believe continuing our buyback program in 2015 is a prudent use of capital and will create further value for our shareholders. In addition to our buyback program, we will continue our R&D investments to drive organic growth and look for adjacent acquisitions which complement our organic strategy.” I’ve been down on Moog recently, but this is good news.

Posted by on August 18th, 2014 at 10:25 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.