Looking for a lumbering beast
You've probably noticed that my portfolio is overwhelmingly small and mid-cap companies, with a few exceptions like Google. I'm looking to diversify a little bit with a purchase of a single large, steady (but with growth potential) company that pays a significant dividend to help keep a lid on some of the wild volatility.
I haven't looked into any of my candidates in too much detail, but this kind of company has been all the rage among stock pickers and portfolio managers in the media lately -- everyone seems to think large cap growth is finally going to be back this year, though at the rate most of the companies they talk about are growing it might be as fair to move them over into the value camp.
But there are a few companies that I find interesting and will be looking into when I can (and I still have to finish my annual checkup of all my existing holdings, too). My five thoughts on this so far are:
A few massive international banks that have great international growth and great fee income:
Citibank (C) -- good international business, and it looks like they'll be the first westerners to buy controlling interest in a Chinese bank.
UBS (UBS) -- great private banking business to go along with all the other financial businesses they have, and excellent exposure to asia as well.
JP Morgan Chase (JPM)
A couple industrial conglomerates that have some growth potential and are in great businesses and pay good dividends:
3M (MMM) -- this is the baby of the bunch, but has shown steady growth from the beginning of time.
GE (GE) -- so huge that I wonder how much more they can grow, but a good and growing dividend and everyone genuflects to their management.
I think all of these companies are effectively managed, have significant growth prospects and growing dividends, and should have limited downside, but I haven't gotten excited enough about any of them to buy in. If you've got any thoughts on any of these or similar companies, give a holler.
I haven't looked into any of my candidates in too much detail, but this kind of company has been all the rage among stock pickers and portfolio managers in the media lately -- everyone seems to think large cap growth is finally going to be back this year, though at the rate most of the companies they talk about are growing it might be as fair to move them over into the value camp.
But there are a few companies that I find interesting and will be looking into when I can (and I still have to finish my annual checkup of all my existing holdings, too). My five thoughts on this so far are:
A few massive international banks that have great international growth and great fee income:
Citibank (C) -- good international business, and it looks like they'll be the first westerners to buy controlling interest in a Chinese bank.
UBS (UBS) -- great private banking business to go along with all the other financial businesses they have, and excellent exposure to asia as well.
JP Morgan Chase (JPM)
A couple industrial conglomerates that have some growth potential and are in great businesses and pay good dividends:
3M (MMM) -- this is the baby of the bunch, but has shown steady growth from the beginning of time.
GE (GE) -- so huge that I wonder how much more they can grow, but a good and growing dividend and everyone genuflects to their management.
I think all of these companies are effectively managed, have significant growth prospects and growing dividends, and should have limited downside, but I haven't gotten excited enough about any of them to buy in. If you've got any thoughts on any of these or similar companies, give a holler.
This article posted by One Guy @ 1/06/2006 04:19:00 PM 0 comments
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