American Greetings Corp (NYSE:AM)
The Company creates, manufactures and distributes social expression products including greeting cards, gift wrap, party goods, calendars and stationery as well as custom display fixtures.
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LOng term loser with no reason to assume that won't continue.
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the greeting card will go the way of the telephone booth
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Great quarter and recent licensing of South Park characters adds up to a winner.
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Long term trends are putrid - future is looking even worse, no amount of share buybacks can cover that up. Extended comments here: http://www.fool.com/news/mft/2006/mft06063028.htm
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Generates $2.00+ / share in FCF per year with little leverage. Run rate EPS of $2.05 at the mean 15x PE multiple implies the stock should get to $30 the summer of '07... (when the "fog" of investment spend has cleared).
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