Among Meryl Witmer's stock picks in the last Barron's Roundtable was Mohawk Industries (symbol MHK in New York). And it was her firm's largest holding in their last filing, if memory serves. Barron's Online has a positive view of the company by Cowen & Co., arguing it will benefit from a drop in oil prices:
We believe the recent decline in oil prices could create significant
margin opportunities to help offset large volume declines in 2009. We
also believe that inventory reductions and a reduced capital spending
will boost free-cash-flow in fiscal year 2009. While demand has shown
no sign of improvement to this point, we believe the company's solid
management team has the aptitude and willingness to adjust the business
to the current environment.
It occurs to me that the next Barron's Roundtable is only a few weeks away. I'm looking to it even more normal -- which is a lot -- though I suspect many of the selections from last January are bloodied up quite a bit. As they are for virtually everyone in the stock market.
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