Thanks Allan that’s a nice article and I was already looking at several of those picks so now I feel I’m on the right track.
How do you feel about American auto makers? They have been getting slammed even without the subprime-related market mashings. They are pretty much all trading at or near their 5-year low and most people wouldn’t touch them. My crazy theory is that with Japanese auto makers opening manufacturing centers in the U.S. either domestic workers will become enriched with Japanese auto-maker skills or Japanese auto makers will merge/acquire U.S. companies. This is a totally off-the-cuff thought with no data whatsoever supporting it other than my experience with cars.
Another pick I like is Blockbuster (BBI) and other online movie rental businesses. Walt Disney really made it big during the great depression with his movies, showing that even in down times people need an escape (which we might call denial) so they go for movies and entertainment. BBI on Jan 9th announced an increased focus on digital media downloads, and I think they are in a better position than Netflix is because of BBI’s recent aquisition of Movielink. One big threat is Apple which has started providing movies thru their iTunes store (but they’re expensive). And now we can watch movies on our phones and iPods and so on.
Anyhow, those are some of the things I plan on scooping up on D-Day. JNJ has always been a great company and I look forward to grabbing some of that too.
