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Jarden Corp. (JAH)

The market finally had a weak day yesterday, but it wasn’t enough to change the overall trend, which is up. However, many advisors are saying we may get a brief correction here. If so, you could use it to buy today’s recommendation, a growth stock with good momentum, on a...

The market finally had a weak day yesterday, but it wasn’t enough to change the overall trend, which is up. However, many advisors are saying we may get a brief correction here. If so, you could use it to buy today’s recommendation, a growth stock with good momentum, on a dip. Here’s the recommendation, from The Buyback Letter Premium Portfolio.

Jarden Corp. (JAH, $52) manufactures, sources and sells consumer products worldwide. Like what? Rawlings baseball gloves, Coleman camping gear and Sunbeam appliances. Jarden is also one of the world’s biggest makers of ski equipment, and its wide-ranging portfolio includes baby care products like the Nuk brand and outdoor gear like Marmot and K2. Bicycle playing cards and Mr. Coffee are in there, too.

“With a market cap of $4.07 billion, this Rye., N.Y.-based company owns more than 120 brands, according to its CEO. Revenue has gone from about $300 million in 2002 to $7 billion in 2011, with 40% of its sales generated internationally. Analysts praise the company for revenue growth, solid stock price performance, EPS growth, ROI and good cash flow from operations. It has a P/E ratio of 18.6, above the average consumer durables industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7. In the last 12 months, management has reduced shares outstanding by 12.7%. Buy.”

- David R. Fried, The Buyback Letter Premium Portfolio, September 22, 2012