Falling Oil Costs Help Offset Higher Dollar

Article Excerpt

TUPPERWARE BRANDS CORP. $28 (New York symbol TUP; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 62.1 million; Market cap: $1.7 billion; WSSF Rating: Above average) got as high as $45 in April, 2008, but has moved down since then largely due to the rise in the U.S. dollar. A stronger dollar reduces the profitability of overseas sales for American companies. Tupperware gets over 80% of its revenue from customers outside of the United States. However, the recent drop in oil prices should cut the manufacturing costs of Tupperware’s plastic food containers. As well, it continues to expand in emerging markets. Tupperware should earn $2.70 a share in 2008, and trades at just 10.4 times that estimate. It may also soon raise its $0.88 dividend, which yields 3.1%. Tupperware is a buy. buy…