The Old Economy’s Back…and It’s Making Great Money
From Profit Confidential January 29, 2013 - 1:53am
There are very few investors in the stock market that don’t like consistency. A company doesn’t have to be the fastest growing business in the marketplace; but if it grows both revenues and earnings in a consistent manner, then stock market investors are going to notice.
There’s a relatively new trend in the global economy, and it really began to stand out in the ashes of the subprime mortgage crisis. The old economy is making great money, and you can see this in the stock market, with great performances from Union Pacific Corporation (NYSE/UNP), Cummins Inc. (NYSE/CMI), 3M Company (NYSE/MMM), and The Procter & Gamble Company (NYSE/PG), among others. By “old economy,” I mean well-established companies that provide the basics; the products and services we need in order for people and the economy to function on a daily basis. Without them, the real economy would be lost. Thes...