$39.28
-0.57 (-1.43%)
Fortune Brands, Inc. (FO)
CAPS Rating:
A holding company with operating companies engaged in the manufacture, production and sale of Home and Hardware products, Spirits and Wine and Golf products.
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I only recently put Fortune Brands, Inc. (FO) on my radar, but given the current marketplace, I like what I see. Finding a well-diversified portfolio of name brand products that includes: Jim Beam burbon, Titleist golf and Moen faucets, amongst others. Even as the economy falters in the current "recession", many of these products should still see a fair demand, while FO continues to pay a solid dividend (almost 4.3% at this level). As we round-out 2008, I'd put my $$ on the fact that FO could easily put on 20-30% during the next year long before the DOW would see similar and I'd stay on-board for the long term with this play.
Set this one also on my portfolio but I am not seeing the light at the end of the tunnel, I am lossing now 14% of its value. This was one of recommended by David.Any Idea what I should do?