Marc Forgang's  Instablog

Unlike what the so called experts are saying, I am still trying to find long term investments since I do not have the time to day trade, or follow rumors and fraudulent advice. The financial media believes the recession is over. They seem to forget that unemployment is approaching 10 percent and retail sales are still flat. The big names that have beaten lowered expectations are a bit overbought at this point so it’s time to look for smaller unknown companies that are slowly making a comeback; and the analysts are not following.

I will provide you with two stocks that have made missteps but have made marked improvement.

Both of these companies have a few product lines to help get you and them through the recession.

As I predicted in February, Cheesecake Factory’s (CAKE) share price has risen into the teens although this quarter’s earnings even surprised me. The Cheesecake Factory once again has proven its staying power considering the economic environment with earnings of 17 cents per share. 

If you purchased Bank of America (BAC) stock in early March at under 3 dollars like I did and sold it last week when it reached a 3 month high of 11.40, you would have made almost 4 times your original investment. Unfortunately I sold a week too soon and only doubled my money.