Philips knows its light tech investments will pay off

Filed under: Stocks to Buy

I'm reiterating my Buy rating for Koninklijke Philips Electronics NV (NYSE: PHG), commonly known as Philips, first recommended on June 2, 2009 at a price of $20.30. If you purchased PHG then, you're up about 20%.

Amsterdam-based Philips missed the Street's revenue and earnings estimates in Q2, in what amounted to an essentially break-even quarter.

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Philips knows its light tech investments will pay off originally appeared on BloggingStocks on Thu, 24 Sep 2009 17:30:00 EST. Please see our terms for use of feeds.

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