Tuesday, November 18, 2008

In the Stock Blog post, Five Stocks to Fight The Recession, how does Manuel Schiffres label Pfizer?


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Question: In the Stock Blog post, Five Stocks to Fight The Recession, how does Manuel Schiffres label Pfizer?


Answer: All of the above

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Five Stocks to Fight The Recession

Five Stocks to Fight The Recession

The nation may be facing a long, deep recession, but Kiplinger's Personal Finance says some companies are positioned to survive and thrive. The publication has singled out the stocks of five such companies.

"These are all 11-digit cash stashes," executive editor Manuel Schiffres explained to CNBC. "At least $10 billion in cash; that's after debt."

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Topping the list is Exxon Mobil .

"Exxon's shares are off only 22 percent from their 52-week high," Schiffres pointed out. "Exxon is a stable company, $37 billion in cash...it's very well managed."

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Then there's Cisco Systems , with $19 billion in cash reserves.

"Clearly, there are concerns that sales of routers and switchers will suffer in a weaker economy," he said, but added, "This is about as cheap as you can get for Cisco; one fund manager described this as 'a no-brainer.'"

Apple is another standout.

"Obviously, you know the story: iPod, iPhone, Macs, a great innovator, tremendous earnings growth in recent years," he said. "Apple could announce a major buyback program sometime in the next year or so."

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The most controversial stock on the list could be drugmaker Pfizer .

"The stock has been as dull as aspirin for the last eight years," he said. "The case for Pfizer is it's dirt-cheap...it's not going out of business...its pipeline of new drugs is probably stronger than most people give it credit for, and it could well announce another big cost-reduction program."

Rounding out the list is Google .

Disclosures:

Disclosure information for Manuel Schiffres was not immediately available.

Disclaimer

© 2008 CNBC.com
URL: http://www.cnbc.com/id/27452365/


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