Filed under: Stocks to Buy
The shares of money management firm Franklin Resources (BEN), which I first discussed on July 20, 2009 at a price of $73.88, have dropped more than 30% with the Dow's recent decline, but the shares are still favored. Here's why:
One of the best-run asset managers, Franklin's double-digit asset growth should continue in FY2010, aided by an improved asset mix, better fund performance across asset classes, and increased flows from money market funds.
BEN's relatively strong balance sheet, declining debt liabilities, and prudent cost cuts rounds out the solid business model.
Continue reading Is the Selling Over with Franklin Resources?
Is the Selling Over with Franklin Resources? originally appeared on BloggingStocks on Tue, 13 Jul 2010 15:00:00 EST. Please see our terms for use of feeds.
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