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JimVanMeerten (62.22)

American Greeting (AM) gets a smile from Zack's

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September 28, 2009 – Comments (0) | RELATED TICKERS: AM.DL2 , CSS

On Financial Tides I try to find stocks to invest in that are getting both good press by the analyst and high marks from the technical analysis indicators. American Greeting (AM) is smiled at all the way around and is a stock pick you should consider. AM is held in my Marketocracy S&P 400 portfolio.

AM is the world's largest publicly held creator, manufacturer and distributor of greetings cards. They also sell a slew of gift wrap, party goods , calendars and stationary. AM outsells its nearest publicly held competitor CSS Industries (CSS) nearly 4 to 1. When you don't know how to say it, you buy AM products to say it for you. The company reports gross margins of 53.4% and most analyst are looking for an increase in operating profits next year, with a consensus target price of around $26.50. Just today Zack's came out with a #1 rank addition call on the stock. Great fundamentals and popular following.

On the Technical Analysis side BarChart rates the stock a 100% BUY with all 13 of 13 TA indicators giving a BUY signal. I'm impressed with the 11 new highs in 20 trading session and it's also 5 for 5 on the short term. Price appreciation has be 90% in the last 65 days.

RECOMMENDATION: BUY American Greeting (AM) around 21 and keep a protective stop loss at 16.

 Jim Van Meerten writes stock investing opinions on Financial Tides, MSN Top Stock Blogs and Seeking Alpha. Please give your comments below or email to FinancialTides@gmail.com

Disclosure: No conflict. I never hold actual positions in the stocks I blog about but do hold them in Marketocracy portfolios for accountability of my recommendations. I hold no position in AM at time of publication.

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