I own stock in each of these companies and have never sold a share. I look to add to my positions when I think the prices are cheap. This is by no means a recommendation for you to buy these stocks. I just think that the information may be useful.
1. BP – This is my favorite oil and natural gas company. I love the growth prospects for the company and the dividend is great. BP has consistently increased the dividend for as long as I have owned the stock. I even buy my gas from BP because it makes me feel like I am paying myself.
2. Nike – The swoosh dominates the athletic apparel market. Nike continues to sell athletic gear both domestically and globally while leaving its competitors in the dust. Nike hasn’t been cheap enough for me to add shares in quite some time. The recent drop in price is giving me my best buying opportunity since 2006.
3. Costco – I love the Costco business model and the growth potential. Costco offers discounted goods and services while paying employees fair wages. I think that Costco could potentially open hundreds of new stores domestically over the next decade. I must like Costco a lot considering that I have held it through the beating that retail has taken.
4. Burlington Northern – I must admit that I only found Burlington Northern because Buffett was buying the stock. Even though the stock is near its 52 week low and transports are declining; I am looking to add shares. The railroad business has been the most cost efficient way to transport basic materials for years and should continue to be so.
