For his Mid-Cap Fundamentals portfolio, Covestor model manager John Ballard uses a long term buy-and-hold strategy. Ballard averages 19 trades per month, and this portfolio’s current top holdings include Markel Corp (MKL), Activision Blizzard (ATVI), Apple (AAPL), Retail Opportunity Investments (ROIC) and Seabridge Gold (SA) (as of end of day 3/7/11).
On March 4, Ballard added a position in Tupperware Brands Corporation (TUP) to the model. TUP is a global direct seller of products across multiple brands and categories through its independent sales force of 2.4 million. Jim Cramer recently gave his bullish case for TUP on his show Mad Money, stating that he believes there is “plenty of upside to come” and inviting CEO Rick Goings to appear on his show.
Zacks.com is also bullish on TUP, arguing that its strong fundamentals and shareholder friendly actions have worked well for investors:
Tupperware produces strong cash flow and has been rewarding shareholders through stock buybacks. In 2010 the company spent $62.4 million buying back shares. It expects to repurchase an additional $160 million worth of stock in 2011.Tupperware also pays a dividend that yields 2.2%.
Despite the broad market pullback on 3/7, TUP held steady, falling just 0.04% for the day.
Sources:
“Can’t Put a Lid on This Stock” Drew Sandholm. CNBC Mad Cap Recap, 3/1/11. https://www.cnbc.com/id/41859483
“Tupperware Preserves Value As It Tags New Highs” Zacks.com, 2/18/11. https://www.forbes.com/sites/zacks/2011/02/18/tupperware-preserves-value-as-it-tags-new-highs/
