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JimVanMeerten (62.68)

Fine paper maker

Recs

1

July 22, 2010 – Comments (0) | RELATED TICKERS: SPPJY

On Barchart Portfolio Blogs I bring to your attention stocks you might want to consider for your portfolio.

I adding SAPPI LTD (SPP) to the Barchart Van Meerten Speculative portfolio. The company is the world 's leading producer of coated fine paper. They hold major market shares in Europe, North America and Africa. They have customers in over 100 countries worldwide. Their manufacturing operations span eight countries on three continents. This may be a biggest little company you never heard of.

The company came up on my Barchart screening for stocks hitting the most frequent new highs. The stock hit 12 new highs in the last 20 sessions and had a 12.78% price appreciation last month. It has an 80% Barchart technical buy for both the short term and overall time frames plus a Trend Spotter (tm) buy signal. The stock trades at 4.50 with a 50 day moving average of 3.91.

Wall Street brokerages have 2 buy and 3 hold recommendations based in an expected sales increase of 18.60% this year and 1.60% next year. The figures I find hard to believe are an estimated increase of 115.40% this year and 700.00% next year. These are their figures not mine so put a tight stop loss on this one.

Investors have noticed this one and the Motley Fool CAPS members vote 54 to 9 that the stock will beat the market. The All Stars have a similar vote of 27 to 4.

I'm adding it to the Barchart Van Meerten Speculative portfolio because:

1 - It is a world leader in it's particular niche

2 -  12 new highs in 20 sessions

3 -  Trend Spotter (tm) buy

4 - Barchart 80% technical buy

5 -  Wall Street buy recommendations on expected increases in sales and earnings

6 -  Positive investor sentiment

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

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