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Five cheap, rock-solid shares, why Grexit might not be a disaster and two easy, fast growing winners

Today's IC daily email update.
May 16, 2012

European leaders must be stocking up on packs of paracetamol to help keep the headaches at bay. If they haven't got a debt mountain threatening to sink them, they've got the aftershocks of a Greek exit from the euro club to worry about. And while the UK isn't in the eurozone, prime minister David Cameron has plenty of issues to keep his mind occupied. For example, public dissatisfaction and anger over the government's economic policies. It's one of those policies which has in fact led to a rerating of outsourcing companies - in the wrong direction - and created a superb buying opportunity. We've found five shares with high earnings visibility and rock solid dividend records all on absurdly low valuations.

Elsewhere Jonathan Eley wonders why exactly tiny Greece is causing big problems. It could be because the consensus thinking on Grexit is wrong – everyone is focused on the "meltdown" that would ensue but there are good reasons for thinking there might not be a meltdown.

Maike Currie hears from James Anderson of Scottish Mortgage Investment Trust who tells her which two investments he believes are exponential winners, and why it's vital to gain exposure as soon as you can "because the speed of change is so quick".

We've also got reports on Enterprise which is suffering from a five year hangover and Argentina-focused oil and gas producer President Petroleum which is growing production fast.