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The FTSE 100 stormed through the 9,000 mark in July. And some familiar names led the charge, with Rolls-Royce shares up 14% during the month.
At the other end of the scale, shares in housebuilders were among some of the biggest fallers. But I think there are other opportunities worth considering, both from the FTSE 100 and elsewhere.
Bunzl
Bunzl‘s (LSE:BNZL) a growth stock. It’s a distributor of things like carrier bags, food packaging, and safety equipment that aims to expand by acquiring smaller businesses.
The reason I say it’s a growth stock is that you wouldn’t know it by looking at its valuation. In terms of free cash flow, the stock trades at a similar multiple to British American Tobacco.
As I see it though, the businesses are entirely different. With British American Tobacco, the core product is clearly in structural decline – the only question is…
