Businesses with great financial metrics and good futures are the ones that I want in my portfolio.
Sadly, I haven't been able to buy all the businesses I want to own due to the value not being right, or lack of funds at the time.
Here are four stocks I really want to own:
REA Group Limited (ASX: REA)
REA Group can call itself a worldwide leader of property websites with a presence in Australia, North America and Asia.
It has been one of the best shares to own on the ASX over the last decade. I think it could be one of the best to own over the next decade with its strong brand presence and pricing power.
Sadly for me, it trades at an expensive 31x FY18's estimated earnings with a grossed-up dividend yield of 1.88%. I'll be looking to buy REA shares if they drop back to around the $50 mark.
Costa Group Holdings Ltd (ASX: CGC)
Costa is one of the largest growers of fresh food in Australia. It grows berries, mushrooms, avocadoes, citrus fruit and tomatoes.
I think the demand for fresh food will continue to increase as society looks to live a little healthier.
I think Costa has a great future with growth plans in Morocco, China and Australia. It's currently trading at 58x FY16's earnings with a grossed-up dividend yield of 3.08%. I hope the share price will go back to $4, but I'm not sure that it will.
Crown Resorts Ltd (ASX: CWN)
Crown is one of the largest entertainment and resort businesses in Australia.
The tourism boom that Australia is experiencing is a great tailwind and Crown is looking to capitalise on that with its Sydney Barangaroo project and another hotel in Melbourne.
Crown is currently trading at 22x FY18's estimated earnings with a planned partially franked dividend yield of 4.5%. I think the current price of $13.32 offers good long-term value if investors are willing to hold for the opening of the new Sydney casino.
DuluxGroup Limited (ASX: DLX)
DuluxGroup is the company behind brands such as Dulux, British Paints, Cabot's and Yates. Paint is a fairly defensive product and DuluxGroup is the clear market leader in this category.
The shares are currently trading at 20x FY18's estimated earnings with a grossed-up dividend yield of 5.05%. I'd feel more comfortable buying at around $6, rather than the current price.
Foolish takeaway
I hope to own all four of the above businesses in the future. I think Crown is the best value at the moment, though DuluxGroup and REA Group are higher on my watch list due to their strong brands.
