Heritage Commerce Corp: New FDI Portfolio Addition

The stock yields 3.9%, and the $0.48 in annual dividends is well below $1.12 in free cash flow per share over the past 12 months. Insiders have been bullish with three board members making significant purchases at prices just below where the stock currently trades at $12.33 per share.

FDI Portfolio – August 19: Adding Hanesbrands (HBI)

Hanesbrands produced $5.99 per share in free cash flow over the past 12 months, covering ten times over annual dividends of $0.60 share. The stock trades at major discounts to five-year average valuations and wouldbe $22 per share if it were to reattain its average year-ahead P/E ratio of 12.7.