Barron's: Our 10 Favorite Stocks for 2012
Some things of note about this list:
- With the exception of Berkshire, each pays a dividend with the average yield at ~3%
- Half have price/earnings ratios less than 10x
- Four are European
Barron's Ten Favorite Stocks for 2012
Berkshire Hathaway (BRKa)
Royal Dutch Shell (RDSA)
Freeport McMoRan (FCX)
Procter & Gamble (PG)
Some of the above seem worth a further look (though I tend to avoid automobile manufacturers no matter how cheap they may seem to be...there's just too many other good alternative shares to own).
Quite a few large cap European stocks are, in fact, selling at what at least looks like a nice discount to value.
Obviously, they're not entirely immune from the euro zone's troubles (not much is).
Yet, while they're based in Europe with its many serious economic difficulties ahead, much of their intrinsic value comes from activities outside the region.
Long positions in BRKb, SNY, and PG