Franklin
Resources is a financial services holding company which provides investment
management, trust and stock transfer services, distributes hundreds of mutual
funds worldwide and sells insurance products, tax shelter investments and
closed end funds to a wide variety of commercial, industrial, institutional and
governmental organizations. The company
has grown its dividend and profits at a 14-15% pace over the last 10 years
while earning a 15%+ return on equity. BEN
experienced profit difficulties in 2009 but earnings rebounded and should
continue to increase as a result of;
(1) an ongoing aggressive cost cutting program,
(2) its breadth
and innovative product offerings provide a competitive advantage,
(3) international
expansion,
(4) a stock
buyback program,
(5) expand its
strategic product offerings via acquisition [recent acquisitions---Pelagos
Capital Management and K2Advisors].
Negatives:
(1) its business
is subject to numerous overlapping and
changing rules, regulations and legal interpretations,
(2) exchange
rate risk,
(3) an increasingly
competitive industry,
(4) rising
operating expenses.
Statistical Summary
Stock Dividend Payout # Increases
Yield Growth Rate Ratio
Since 2003
Debt/ EPS Down Net Value Line
Equity ROE
Since 2003 Margin Rating
Chart
Note:
BEN stock made good progress off its March
2009 low, surpassing the downtrend off its October 2007 high (red line) and the
November 2008 trading high (green line).
Long term, the stock is in an uptrend (straight blue lines). Intermediate term, BEN
is challenging its intermediate term uptrend (purple lines). The wiggly blue line is on balance
volume. The Aggressive Growth Portfolio
owns a 75% position in BEN . The upper boundary of its Buy
Value Range Sell
Half Range
8/13
No comments:
Post a Comment