“Buying 50 Shares of This Diversified Tech Play … Today” (Amy Calistri)

By Travis Johnson, Stock Gumshoe, March 3, 2010

I haven’t written much about Amy Calistri’s newsletter, Stock of the Month from StreetAuthority, but her latest teaser caught my attention — and it’s a stock she says she’s buying for her “real money” portfolio this afternoon, so it’s at least timely.

Stock of the Month
is currently one of the top-ranked newsletters over at Stock Gumshoe reviews — Calistri had the good fortune to launch her newsletter near the bottom of the market, and so didn’t come in with the baggage of having picks that collapsed in 2008 and early 2009, but still, having happy subscribers is a positive even if the letter hasn’t necessarily been tested in a really nasty market. So what’s she teasing us about today?

“I’m Buying 50 Shares of This Diversified Tech Play for My $100,000 Real-Money Portfolio on
Wednesday, March 3, 2010

“Right now 10 of the 12 stocks in my Stock of the Month portfolio are making money for my readers, 9 with double-digit gains

“I think this one is the next winner…”

This is the pick that she just featured in the March issue of the newsletter, apparently, so at least this isn’t one where the subscribers have already seen 200% gains and the editor thinks it has “room to run.”

Calistri apparently went looking for a play on the tech sector recovery — here’s how she puts it:

“A number of recent earnings announcements have indicated to me a healthier tech sector. In light of this broad-based recovery, I’ve been on the hunt for a nice, diversified tech play. And, I believe I’ve found it….

“And, right now you can still beat me to the punch and buy this stock before I do — but you have to hurry.”

Calistri, to my eye, has generally focused on larger “blue chip” or “value” type stocks in the past, though she also buys a lot of closed-end funds and ETFs. The link that she provides for verifying the “real money” brokerage account indicate that as of last month she owned Vodafone (VOD), Sally Beauty (SBH), PowerShares Global Water ETF (PIO), PowerShares Global Agriculture (PAGG), Olin (OLN), a closed-end equity and convertibles fund (NGZ), Medicis (MRX), an Asia-Pacific fund (FAX), Hasbro (HAS), Diageo (DEO) and Automatic Data Processing (ADP), with Hasbro, the agriculture ETF, and ADP being the biggest “bets” so far.

So who is she adding to that august list today? Well, we get a couple paragraphs that are seeded with one or two little clues … here you go:

“Here are just a few of the reasons why I think this stock is a strong buy right now:

“Diversification: This company’s diversified interests have allowed the company to navigate the economic downturn with little trouble. In 2009, the company reported yet another consecutive year of double-digit earnings-per-share (EPS) growth and a record net income. The company’s gross profit for the fourth quarter of 2009 was the 21st increase in gross profit in the last 22 quarters.

“Steadily climbing dividend: This company pays a smallish dividend — but one that has continued to climb. In the last five