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Profit from the Recession: Four retail stocks to buy now

Posted June 2, 2008

“I definitely began to think less about ‘what if we go into a recession’ and more along the lines of ‘What should I do with my money now?’” — Wayne Mulligan

Blogger’s note: Wayne Mulligan is the founder of Tickerhound, a Web site that’s best described as Yahoo Answers for investors. If that analogy doesn’t explain it for you, Tickerhound is a peer-to-peer question and answer forum, where investors can ask questions of their fellow stock hounds and receive a variety of educated, thought-out answers.

Whenever he has something to say that doesn’t fit into the single-response format, Wayne also moonlights for our friends over at Penny Sleuth. And this week, as Warren Buffett looks for mittelstand companies in Germany, Wayne has been looking for recession proof stocks here in the U.S.

Just like our own Laura Cadden, who already made more than 40% gains on the stock for TFN investors, Wayne is recommending Dollar Tree (DLTR: NASDAQ), and he’s found three other retail stocks that could flourish in coming months. You can find the article here or read on for more.

by Wayne Mulligan

Baltimore – (TFN): As I was doing my usual bout of “marathon weekend reading” I came across an interesting piece on Warren Buffett’s recent trip overseas. For those who don’t keep tabs on the “Oracle,” Buffett has been touring Europe for the last week or so in an effort to promote Berkshire Hathaway on the other side of the pond.

Reason being, Buffett’s looking to start buying up “family owned, privately held” businesses on the cheap overseas.

It’s difficult for him to find “Buffett-sized” deals in the U.S. anymore, so it only makes sense that he’d look for greener pastures elsewhere. However, Buffett also gave another reason for why he might want to start placing his bets in other parts of the world…

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My friends and I have been debating the “recession” topic for a while now: Are we currently in one? Will we run into one this year or next? What will the effects be?

But when I read that Buffett thinks the U.S. is already in a recession and it will be “longer” and “deeper” than any we’ve seen for quite some time, I definitely began to think less about “what if we go into a recession” and more along the lines of “What should I do with my money now?” Read on to learn why Wayne is bullish on DLTR and his three other retail stocks for the recession.

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