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3 Oversold Stocks - YouTube
Channel: Morningstar Europe
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[Music]
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[Applause]
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welcome to the Morningstar series three
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stock picks I'm Hani black with me is
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Richard pees his manager of the crux
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European special situations and hello so
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it seems a crazy time to be talking
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about stock picks but that's what we're
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gonna do and where would you notice Tara
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I'm not sort of pushed to know which
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ones to choose because obviously having
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seen the markets in all over the place
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there's more opportunity unusual and
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what I thought I might do is give you
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two stocks which of crudely speaking
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halves which we like and still think
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there's a great future on one stock
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which is very robust at a good long-term
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structural and it's always difficult
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today what risk you want to assume and
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what time scale you're prepared to wait
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for but I think this gives you've been
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everything hopefully okay let's cut in
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front of the ones that's half and I hope
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people invested after that happen not
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for sound they're not but we've added to
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it it's an old friend of mine called
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Albert's industries it's a sort of a
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couple of billion market cap sort of
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sighs I haven't be able to get home CEO
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recently in the teletraan conversation
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and it's an industrial Dutch company but
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it's very local everything from little
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rolls to to making things more
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eco-friendly in terms of construction
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and lots of other things in between but
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they have quite a big US base too as
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well as brothers in your anyway I really
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had two questions for the CEO one was
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are you can be possible this year and I
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got the Dutch equipment to look before
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of course we are which is which is you
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know that's the starting point and the
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second question really was do you think
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you can get back to last year's earnings
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next year and CEO said actually not only
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do I think we can get back to last
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year's earnings next yeah I'd be a bit
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disappointed if we didn't improve on it
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I suppose
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really interesting times talk to company
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manager because you see how they do
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handle a crisis absolutely and in this
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case he's also bought stock personally
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in the company more recently he's got
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stock already but he's bought more okay
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it's about rebuilding my first one my
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second one would probably have to be
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speed spie Spee is a French base but
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european-wide
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outsourcing store it's also hard at
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sourcing things like maintaining air
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conditioning connecting greenage to
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create maintaining naval bases and all
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sorts of things in between but anyone
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who uses an office or a warehouse or and
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I've actually based tends to have to
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have certain technical things being
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maintained Natasha and it's all so
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that's where they come in what we like
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about that company is that in normal
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times they have very high degree of
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recurring revenue it was something
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people just passed them done in times
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like this obviously if no one goes to
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work obviously it's quite hard but still
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people have to do certain things always
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regardless essential services and I
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think my third choice would be a solid
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well-funded Swiss market leader in
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inspections so this is the one that
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hasn't been hit quite so hard yes it has
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been it's quite a solid this is a
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company called SGS it's it's a it's
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quite as mainstream enough stock market
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cap terms I think it's about 16 billion
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Swiss it looks like it still will be
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able to pay a dividend which will be
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able to 3% for this year and growing and
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we were quite encouraged its respect to
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finance rect who's relatively new
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another good job elsewhere in the US and
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he's very positive about some of the
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Bolton opportunities which could be very
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creative and so we should get better
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grace wants to be a practical man as
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here in the market pence appreciates
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any company that can maintain their
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dividend at the moment is really
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attractive to
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mr. I think so and I think this
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particular gun you'd have a coin and I
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hate making promises because you never
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quite know what will happen that they
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may they may not do it for another
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reason just because they want to use the
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mind if I stop back or used my detective
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I acquisitions but sadly they're in a
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very robust financial position and if
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you look at the longer term record on
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SGS again it's very impressive you made
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a lot of money beckons this company in
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the 20 years and it's a classic example
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of a global market leader doing all the
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right things super Bridget thank you so
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much for your time for Morningstar I'm
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Hani black
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