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His fund is full of defense's stocks with -- shining armor and high walls between the competition joining us now is.
In a Fox Business exclusive from Austin, Texas a great town don't react when manager the -- funds are OK Don thank you for joining us.
So what stocks are going to be here vanquish the rivals slay the dragon it's.
Three of our biggest holdings are Procter & Gamble PepsiCo and and the food distributor Sysco.
So all of may have yields above thirty year treasuries although that may be telling you how overpriced treasuries are.
But -- they can grow the dividend.
In the armory shining as you can see now the -- -- mend focus fund up more than ten and a half percent this year.
What -- the guidelines.
For adding defenses -- -- Portfolio.
-- what we do is look at risk adjusted forward rates of return so we try to.
Look at stocks as though they were bonds on yields to maturity long term bonds and then.
Find the highest that the risk adjusted returns we confined and what we're finding is.
That in today's world.
These are the best values out there.
-- -- top holdings Citi PepsiCo Procter & Gamble both hit by a strong US dollar in this -- -- Is that perhaps -- chink in the Obama.
Well I think those are short term events I think one should look at huge market -- -- -- in the case of Pepsi you know you've got Frito-Lay they can easily changed their name to Frito-Lay.
You've got carbonated beverages you get Tropicana and you've -- Gatorade and you get the Quaker -- products all great.
Great high return on asset businesses.
In case of Procter & Gamble you got one of the world's probably premier.
Companies with many many brands including.
Tie it and enhance skated and -- Latin Duracell and Pampers.
In the case of Cisco while its market share is not it is being it is an enormous as the other two.
It is way over what anybody else has -- it's a very fragmented business that.
The restaurant distribution business and with regard to Cisco high food prices have much is that -- Well I think in the short term debt of their main problem is are putting in new SAP system and -- -- but once they have that in place that will give them enormous strength.
But you know all these companies I think -- that are consumer oriented.
May have a little bit of pressure on their margins right as people are trying to sustain their look lifestyle -- moving a little bit more to generics in the short term.
But I think what happens I mean you sought to -- and Clark.
Where did you know I mean -- you see the right.
In other words -- the big guy has a little bit of a cold -- of them smaller market share companies are likely to get pneumonia.
-- -- well you've got the driving on the wrong so don't worry about that Donald react when manages the act when funds like you for joining us.
This afternoon from Austin, Texas appreciating that it.
Yeah thank right now.
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