Aqua America, L'Oreal Shares Look Cheap Says Barrack Yard Manager

Aqua America may be a utility, but it has huge growth potential due to the impact of fracking in the Northeast.
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Aqua America may be a utility, but it has huge growth potential due to the impact of fracking in the Northeast, said Martin Leclerc, Chief Investment Officer for Barrack Yard Advisors on Covestor. He added that Aqua America pays a nice dividend and has its pick of projects due to cash strapped municipalities. Leclerc is also bullish on shares of the Carlyle Group, saying the private equity powerhouse is still under-owned by institutional investors, even while it remains popular among sovereign wealth funds. Finally, he is positive on L'Oreal because of the cosmetics-maker's strong brand management and China potential.