Boring but Profitable

Here’s another example of my favorite kind of stock—totally boring, mostly unheard of and very, very good. I give you… Bemis (BMS)!

Here’s a description:

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported pro forma 2009 net sales, giving effect to the Food Americas acquisition, of $4.8 billion. The Company’s flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs over 20,000 individuals worldwide.

Dear Lord, that’s dull. I nearly fell asleep while reading that. But don’t let that fool you; this company makes a lot of money.

In July, Bemis gave an outlook for Q3 of 55 to 60 cents per share. They raised their full-year EPS range from $2.00 to $2.15 to $2.12 to $2.20. That’s not bad for a stock going for around $33.

Check out a 30-year chart compared with the S&P 500:

Bemis has also increased its dividend every year since 1983. The current dividend yields 2.7%

Posted by on October 12th, 2010 at 9:59 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.