Monday
Apr242006
Weak Dollar - Who Does that Help?
April 24, 2006 at 12:10 PM
Who does the weak dollar help? It helps US large multinationals. I was saying this at the beginning of the year and I continue to say it. Of those companies in my portfolio it helps Coke (KO) and Procter and Gamble (PG). However, with trailling p/e mulitples near 20, neither of these companies have a cheap valuation. I am waiting for a lower price in both to either more.
Of course, there are others, and I will poke around to look for them. In general, I look for US based companies that get a large portion of their sales overseas. I think any inflation concerned portfolio like mine should hold a significant base of companies like these. It's also good for US based gold miners like Nemont (NEM) and Barrick (ABX).
Disclosure:
I own Coke (KO) and Procter and Gamble (PG). I am looking to buy more. I am not sure of what level at this moment. I own Nemont (NEM) at a full allocation and am not interested in buying more right now.
Of course, there are others, and I will poke around to look for them. In general, I look for US based companies that get a large portion of their sales overseas. I think any inflation concerned portfolio like mine should hold a significant base of companies like these. It's also good for US based gold miners like Nemont (NEM) and Barrick (ABX).
Disclosure:
I own Coke (KO) and Procter and Gamble (PG). I am looking to buy more. I am not sure of what level at this moment. I own Nemont (NEM) at a full allocation and am not interested in buying more right now.
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