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Wolverine, Westlake & Thor Worth Far More Says Royce Fund Manager

8/11/14 12:59 PM EDT
Shares of Wolverine World Wide may be out of fashion now, but they will be hot again when the shoe cycle picks up later this year, said Steven McBoyle, portfolio manager for the Royce Heritage Fund. McBoyle is also bullish on Westlake Chemical's stock, saying the petrochemical company has the highest margins in the industry, as well as a structural advantage because its polyethylene is made with natural gas instead of oil. Finally, McBoyle said RV manufacturer Thor Industries is taking market share in a concentrated industry and is benefiting from a confident consumer and steady oil prices.
Stocks in this video: WWWWLKTHORGFAXRHFHXRYGCXRHFRXRHFKX
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