A Solid Wealth-Preservation Play
Many traders are looking for a big score. Who wouldn't like a quick double? There's nothing wrong with nice quick profits along with the attendant bragging rights. Sometimes, though, all we're seeking is a stock that can preserve our wealth while providing a reasonable income stream.
ABM Industries (ABM) is that second type of stock. The company provides janitorial service, parking, maintenance, security and other essential services to large facilities in the U.S. and Canada. Its earnings per share hit a modest new peak of $1.39 in fiscal 2011 (ended Oct. 31, 2011) but are expected to decline slightly, to about $1.30 this fiscal year. Zacks sees a rebound to a record $1.45 per share in fiscal 2013....262 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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