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10 times cash flow," Chang states. "That's cheap on a global scale."1000's of dollars for a diamond necklacesure. But for a stock? Nicely, think about it, because Richemont, a Swiss company that boasts sparkling brand names like Cartier and Montblanc, may actually be priced much more like comprar nike air force one cubic zirconium. The $fourteen.4 billion luxurygoods team is buying and selling at eighteen times 2001 earnings, compared with friends like Tiffany (22 occasions 2001 earnings) and Louis Vuitton proprietor LVMH (40). Furthermore, Richemont is developing a truly bluechip franchise to match its blueblood clientele. Final yr, it divested its declasse tobacco and payTV holdings and grabbed a sixty% stake in jeweler Van Cleef Arpels. It lately expressed an curiosity in buying the Mannesmann view brands, and with an approximated $1 billionplus cash flow this yr, the buying spree probably is not more than. The moves have been accompanied by increased attention to investors, observes longtime shareholder Caesar Bryan of comprar botas de futbol baratas Gabelli Worldwide Growth. "When I initial invested in Richemont, it was really ragtag. Now they have analyst conferences, conference phone calls, investor relations." Historically, the company's earnings have grown about 15% a year in great financial occasions and poor. Richemont's revenue remained powerful even throughout the air force 1 Gulf War slowdown, for instance, and its revenues elevated 26% last year regardless of a recession in Japan, 1 of its leading markets. Says an admiring Bryan: "I anticipate Richemont to grow at ten% or much more over the next five years." RECKITT BENCKISER $eleven.seventy five United Kingdom Lysol cleaner and French's mustard do not precisely combine. But in a wellrun business portfolio of nike air max 1 baratas home brand name names, the alchemy can make gold. That is what the top executives at the British business Reckitt Colman hoped when they bought the Dutch competitor Benckiser, proprietor of the Calgon and Vanish brand names, last December, making Reckitt Benckiser the third biggest householdcleaningproducts company in the globe, following Procter Gamble and Unilever. As portfolio supervisor Mike Welch of the Oakmark fund puts it: "Reckitt experienced great brands but undermanaged them." Enter Benckiser, with a strong document of squeezing profits from its goods, and a gettough manager, Bart Becht, who became CEO of the new business. Becht says he'll sell off seventy five of the company's weakest brand names this year and will exit the lowermargin food company at some stage as well by obtaining rid of French's. His salesgrowth objective for 2000 is twenty five%. How's he doing so much? Cleaning up, you may say. In the initial quarter, North American and European market shares grew. Creating countrieswhere the business does thirty% of its businessalso provided a large boost: Latin American revenue rose 21% in the first quarter and Asian revenues were up 11%. Buying and selling at about 19 occasions 2001 earnings, Reckitt appears relatively pricier than Unilever or P which trade at 16 and 17, botas futbol baratas respectively. But its fiveyear futureearnings growth projection (23% annually) is easily twice theirs. SAMSUNG ELECTRONICS $313