Topic: Growth Stocks

HONDA MOTOR CO. LTD. ADRs $33 – New York symbol HMC

HONDA MOTOR CO. LTD. ADRs $33 (New York symbol HMC; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.8 billion; Market cap: $59.4 billion; Priceto- sales ratio: 0.5; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.honda.com) has received approval from U.S. regulators to start selling its new business plane, called the HondaJet. The aircraft’s engines are on top its wings instead of below; it’s 15% more fuel efficient than comparable models; and it has 20% more cargo room.

The company has orders for over 100 of these planes, which it is currently building at its North Carolina plant. It should begin delivering them in 2016.

Honda is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.