Buy General Cable (BGC)

12/30/2008 10:08 pm EST


Jim Jubak

Founder and Editor,

General Cable will be one of the biggest beneficiaries of investment in the electrical grid in the United States and globally. In the U.S., electric companies are projected to spend $14 billion a year over the next ten years to make up for years of underinvestment. General Cable, which once sold only into the U.S. market, has expanded internationally; in 2007 only 45% of sales came from North America. (Full disclosure: I own shares of General Cable in my personal portfolio.)

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