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Buy French Connection at 65p target 120p, 3 year target 500p

By Chris Oil | Saturday 13 September 2014

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

As my twitter followers know I was in here at 30p French Connection (FCCN) is one of only two oilies in my portfolio. I will reveal the other one shortly. When it comes to non-oil stocks I will only go for potential multi-baggers and French fits the bill. This would be an excellent long term hold for your SIPP or ISA because it is debt free, trading below its net asset value and 40% of the market cap will be in cash by Christmas. 

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