February 16, 2006
Source: Motley Fool via Yahoo
Written by Jeremy MacNealy
Peter Lynch’s book One Up On Wall Street argues that the average person doesn’t have to look far to find knockout investments; we can begin by looking around in our day-to-day life. Applying this street-sense mentality, he offers the following example:
“You don’t have to work in Kodak’s (NYSE: EK – News) main office to learn that the new generation of inexpensive, easy-to-use, high-quality 35mm cameras from Japan is reviving the photo industry, and that film sales are up. You could be a film salesman, the owner of a camera store, or a clerk in a camera store.”
The 35mm cameras reference shows the book’s age; it’s copyrighted 1989. But his point is timeless — we need only to look around us to locate potential market-beating stocks.
Fast-forward to 2006. Film-based cameras are going the way of the Stone Age. In this new digital age, camera enthusiasts like myself can focus in on Canon (NYSE: CAJ – News), SanDisk (Nasdaq: SNDK – News), and Adobe Systems (Nasdaq: ADBE – News) — companies benefiting from this revolution in photography — and see what they might offer as potential investments.