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Philips knows its light tech investments will pay off

Posted Sep 24th 2009 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

I'm reiterating my Buy rating for Koninklijke Philips Electronics NV (NYSE: PHG), commonly known as Philips, first recommended on June 2, 2009 at a price of $20.30. If you purchased PHG then, you're up about 20%.

Amsterdam-based Philips missed the Street's revenue and earnings estimates in Q2, in what amounted to an essentially break-even quarter.

Continue reading Philips knows its light tech investments will pay off

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