Stock Idea: Tiffany & Co. (TIF, $61.50)

(May 16, 2011 update: All future stock posts will appear on my new subscription-only website at www.GoodfellowLLC.com. Please visit!)

Tiffany & Co. (TIF) is engaged in designing, manufacturing and retailing of fine jewelry and other luxury items throughout the world.

Tiffany pays a dividend of $1.00 per share, which yields 1.62%. The PE is 21.4 based on projected 2011 earnings of $2.87 per share. Consensus EPS growth is projected to be 43%, 14% and 14% for fiscal years 2011 through 2013.

Tiffany's stock history shows wide trading ranges which slowly climb over time, with lots of opportunity to make money within those trading ranges. The stock has recently climbed to $64. I would be a buyer at $57, and would expect the stock to continue an upwards climb this year.

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I am not paid to promote nor disparage any investment. My recommendations are based on hypothetical situations of what I would do, not advice on what you should do. The information provided herein is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. Investments are risky, and can go down in value. Past investment results are not indicative of future returns. I am not a licensed investment advisor nor a tax advisor. Consult with a licensed investment advisor and a tax advisor to determine the suitability of any investment. This is not a solicitation to buy or sell any security.

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The Right Huff is Crista Huff's blog for politics and items of sociological or financial interest. Crista Huff also managesGoodfellow LLC, a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.