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No content published as part of the CAIM LLC blog constitutes a recommendation that any particular investment, security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent any of the content published as part of the blog may be deemed to be investment advice, such information is impersonal and may not necessarily meet the objectives or needs of any specific individual or account, or be suitable advice for any particular reader. Each reader agrees and acknowledges that any specific advice or investment discussed in the blog must be independently evaluated by the reader and his or her adviser in view of the reader's investment needs and objectives.

T. Row Price Group (TROW)

April 12, 2010

 

Cost controls + new products is the theme for this financial sector stock. The financial sector has been a difficult place for us to find companies we are comfortable with. Given the government involvement and lack of dividend security, we are underweight this sector. However, one company we like in this group is TROW. They recently raised their dividend in the 1st quarter 2010 from .25/quarter to .27/quarter. What we truly like is the future outlook for this stock. This weekend, Barron’s highlighted this company and spoke about their expansion into international mutual funds. In addition, they are adding ETFs and managemment has done a great job of containing costs. Earnings for 2010 are expected to rise 48% and then 16% into 2011. We believe this company will be a beneficiary of investors shifting out of bond funds into equity funds.





 
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