No. of Recommendations: 3
I added to these positions this week:
East West Bancorp - a regional bank serving Chinese and other Asian Americans, has a banking license in China, forward PE below 9.
Devon Energy - independent oil and gas exploration company with free cash flow yield of over 15%, forward PE below 7.
Neither are exposed directly to tariffs but could be hit by prolonged recession, but I believed that is already priced in. Should be good investments on a 3-5 year horizon.
Others on my list are UPS and Sysco. Sysco, is a food distributor and would make a great acquisition for Berkshire to add to McLane.
