July 10, 2012
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
John and David are always looking for young, growth companies in their real-money, 10-Bagger portfolio, but they also look for great companies that investors don’t particularly care for right now. And they seem to be seeing a lot of great brand names in the bargain bin right now. For example, Nike recently warned that weakness in Europe is having a negative impact, and investors started impulsively selling shares. Under Armour may be nipping at its heels, but we still like Nike a lot. Deckers Outdoor has also felt the pinch from higher sheepskin prices for its UGG boots. But their popularity remains strong, setting up for a turnaround as sheepskin prices fall. The biggest bargain of all, however, is the world's largest company: Apple. It’s hard to believe that the company trades for just over 10 times earnings, adjusted for cash and investments, with the iPhone 5 and the iPad mini on the way. This one won’t stay on sale for long.
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