Barron’s just published its exclusive Barron’s 500, a list of top American companies (including Canadian companies).At the top of the heap…
This year’s top-ranked company, CF Industries Holdings, falls firmly in the first camp. The Deerfield, Ill.-based fertiliser producer purchased Terra Industries, another fertiliser concern, in 2010, doubling its size just as fertiliser demand and pricing took off.
And in a close second…
Technology names are well represented toward the top of this year’s list, with Apple landing at No. 2. Its revenue and cash flow soared in the past few years on the strength of its iPhones and iPads. Now Apple has decided to share the wealth with investors, having announced that it will start paying a dividend. Other tech stalwarts high on the 2012 list include Qualcomm, EMC and IBM .
The ranking is driven by Credit Suisse’s HOLT model, the firm’s top secret proprietary valuation model that ranks stocks based on discounted cash flows. HOLT scores are based on “% Change to Best Price,” which is defined as “The percentage difference between the HOLT Default Forecast Warranted Value and the past week’s closing share price. A high percentage upside improves the score.” For more on HOLT, Credit Suisse’s offers a basic tutorial.
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