Buy List Updates

There were three recent Buy List earnings reports to pass on.
First, Aflac (AFL) came through with strong numbers. Aflac has been one of our worst-performing stocks this year but I’m not about to give up. The shares are looking very good at this price.
The company earned $1.20 a share in operating earnings for the second quarter. That easily beat Wall Street’s expectations of $1.14 a share. The company also said that it expects full-year EPS of $4.59 to $4.73. Wall Street had been looking for just $4.65 per share. This means the stock is going for less than eight times earnings. The company said it sees Q3 coming in between $1.19 to $1.22 per share, compared to the Street’s view of $1.16 per share. Alfac is a very good buy.
Fiserv (FISV) earned 90 cents a share, two cents more than estimates. They also affirmed full-year EPS guidance in a range of 10% to 14% growth which comes to $3.61 to $3.75. Fiserv recently sold 51% of Fiserv Insurance Solutions Inc. to a private equity fund for $510 million. The stock will probably take a hit today, but it’s still a good buy.
Finally, Becton Dickinson (BDX) earned $1.30 a share, six cents more than expectations. The company issued full-year EPS guidance of $4.92 to $4.96. This is a good stock but it’s looking a bit pricey here.

Posted by on July 30th, 2009 at 9:32 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.