Nygren dubs these stocks "fallen angels." He named ten that fit the profile: Citigroup (C), Dell (DELL), Harley-Davidson (HDI), Hewlett-Packard (HPQ), Home Depot (HD), Kohl's (KSS), Texas Instruments (TXN), Time Warner (TWX), Tyco (TYC) and Wal-Mart (WMT). Nygren thinks these companies will achieve long-term earnings growth that will significantly exceed the earnings growth of companies in Standard & Poor's 500-stock index and that the market will recognize that growth in the form of high stock prices in the future.
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Thank for GuruFocus for this link.
Happy learning,
Dah Hui Lau (David)
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