Lots of bargains out there
Pfizer is still a great price, one of the lowest multiples in the drug industries,so we picked up a bit of that. GE, while not especially cheap, also isn't overpriced, so I added just a bit more of that too. I'm finding it difficult to want to keep money in bonds with such good P/E ratios out there.
One company that looks like a really good buy right now is McGraw-Hill. If you're not familiar with them, they own Standard & Poor, arguably the best known credit rating agency there is. The subprime crisis has dragged down these agencies as a sector, and they now trade at less than 16 times earnings, a low price for this company historically. S&P has one of those "Moats" that Warren Buffett is such a big fan of, just see the S&P 500 index. Nobody is going to take theor place. If you're hunting for a good value purchase, you should consider it. They're also a recommendation in this year's 100 Best Stocks book.
The price might get a little bit better, but don't get greedy. It's a bargain the way it is. If it goes lower you can always buy more.
Also looking good are Wells Fargo and Walmart.
One company that looks like a really good buy right now is McGraw-Hill. If you're not familiar with them, they own Standard & Poor, arguably the best known credit rating agency there is. The subprime crisis has dragged down these agencies as a sector, and they now trade at less than 16 times earnings, a low price for this company historically. S&P has one of those "Moats" that Warren Buffett is such a big fan of, just see the S&P 500 index. Nobody is going to take theor place. If you're hunting for a good value purchase, you should consider it. They're also a recommendation in this year's 100 Best Stocks book.
The price might get a little bit better, but don't get greedy. It's a bargain the way it is. If it goes lower you can always buy more.
Also looking good are Wells Fargo and Walmart.