This post contains updated information regarding my research recommendation of Aflac (AFL) on March 9, 2007.
In the April 9, 2007 edition of Forbes magazine, John Rogers advises the purchase of AFL. I promise I didn't get an advanced copy of the magazine. Rogers makes two very interesting points about AFL. Point number one, AFL "has payroll deduction arrangements with employees at 91% of the companies traded on the Tokyo Stock Exchange." As Rogers points out, this is a monopoly if there ever was one. Point two, AFL shares "trade at a 21% discount."
John Rogers' opinion carries a lot of weight in my book. I suspect that AFL might be able to fall another 5%-10%. Despite my downside projections the upside reward far exceeds the potential risks.
In the April 9, 2007 edition of Forbes magazine, John Rogers advises the purchase of AFL. I promise I didn't get an advanced copy of the magazine. Rogers makes two very interesting points about AFL. Point number one, AFL "has payroll deduction arrangements with employees at 91% of the companies traded on the Tokyo Stock Exchange." As Rogers points out, this is a monopoly if there ever was one. Point two, AFL shares "trade at a 21% discount."
John Rogers' opinion carries a lot of weight in my book. I suspect that AFL might be able to fall another 5%-10%. Despite my downside projections the upside reward far exceeds the potential risks.
