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Billionaire Donald Trump has made it clear he isn't a big fan of the stock market, so when he announces that he just bought several stocks in the wake of a market correction, it's worth taking a closer look. It appears that Trump is running into the same problem as the rest of us, which is that bank deposits and many bonds pay nearly nothing and stocks are now cheap and pay dividends that beat other investments.
In a recent news article Trump stated that, “I’m not a stock person. I love real estate, but good real estate is very hard to get.” Donald Trump explained that he bought stock in Bank of America (NYSE:BAC), Citigroup (NYSE:C), Caterpillar (NYSE:CAT), Intel (NASDAQ:INTC), Johnson & Johnson (NYSE:JNJ), and Procter & Gamble (NYSE:PG). Donald Trump also said, “I love these companies. I’ve watched them for years and I’ve never owned stock in them. I went out yesterday and said, look, I’m not getting interest on CDs, so I went out and bought some stock.” Here is a closer look at some of the stocks Trump just bought:
Johnson & Johnson (JNJ) is a global maker of health care and medical products. This company owns well known brands such as Listerine, Motrin, Band-aid, Reach, Splenda, Tylenol, Lubriderm, Sudafed and many more. These types of products remain in high demand regardless of the global economic situation and the dividend pays you to wait for better times and stock valuations. This stock has dropped with the market recently and is giving long term investors a solid value. Trump probably likes the low price and solid dividend.

Here are some key points for JNJ:
Current share price: $64.36
The 52 week range is $56.9 to $68.05
Earnings estimates for 2011: $4.95
Earnings estimates for 2012: $5.26
Annual dividend: $2.28 per share which yields 3.6%
Bank of America (BAC) is a banking and financial services giant. This bank is facing challenges with mortgages and foreclosures and the stock has recently sold off on concerns of a double dip. But, many smart investors like Trump are buying shares at what looks to be bargain levels.
Here are some key points for BAC:
Current share price: $7.40
The 52 week range is $6.31 to $15.31
Earnings estimates for 2011: loss of 25 cents per share
Earnings estimates for 2012: profit of $1.51 per share
Annual dividend: 4 cents per share which yields .6%
Caterpillar, Inc. (CAT) is a leading maker of heavy equipment which includes machinery for agricultural, mining and construction. This stock has come well off of recent highs and now looks like a much better buying opportunity. I would consider this stock on any dips.
Here are some key points for CAT:
Current share price: $89.35
The 52 week range is $63.34 to $116.55
Earnings estimates for 2011: $6.79 per share
Earnings estimates for 2012: $9.25 per share
Annual dividend: $1.84 per share which yields 2%
Intel Corporation (INTC) is a leading maker of chips used in notebooks, netbooks, desktops, mobile phones, consumer electronics devices, etc. This company has a rock solid balance sheet, sells for only about 8 times earnings and pays a dividend that beats most bonds and other income investments. I think it makes sense to follow Trump here and buy this on any dips.

Here are some key points for INTC:
Current share price: $20.79
The 52 week range is $17.60 to $23.96
Earnings estimates for 2011: $2.38 per share
Earnings estimates for 2012: $2.50 per share
Annual dividend: 84 cents per share which yields 4%
Citigroup, Inc. (C) is a banking and financial services giant. Almost every financial stock has been in declining and Citigroup is no different. Citigroup appears to have less challenges from housing compared to some banks and it also has key exposure to emerging market economies.
Here are some key points for C:
Current share price: $29.94
The 52 week range is $26.25 to $51.50
Earnings estimates for 2011: $4.10 per share
Earnings estimates for 2012: $5.22 per share
Annual dividend: 4 cents per share which yields .1%
Proctor & Gamble (PG) is a global maker of consumer goods. This company owns well known brands such as Head & Shoulders, Olay, Pantene, Braun, Fusion, Gillette, and many more. These types of products remain in high demand regardless of the global economic situation and the dividend pays you to wait for better times and stock valuations. Trump probably likes the lower stock price and solid dividend.

Here are some key points for PG:
Current share price: $61.62
The 52 week range is $57.56 to $67.72
Earnings estimates for 2011: $4.23
Earnings estimates for 2012: $4.61
Annual dividend: $2.10 per share which yields 3.4%

Data is sourced from Yahoo Finance. No guarantees or representations are made. Hawkinvest is not a registered investment advisor and does not provide specific investment advice. The information is for informational purposes only. You should always consult a financial advisor.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Source: 6 Stocks That Donald Trump Recently Bought