Hawaii Tsunami A Dud? Hawaiian Company ALEX Could Surf Higher! (NYSE: ALEX)

All of this hype over a Hawaiian tsunami inspired me to write up on a company I have been following quite closely, Alexander & Baldwin, Inc. (NYSE: ALEX). With a diverse business model and a solid 3.9% dividend yield, I think this is a stock you should look into.

The company is involved in global shipping, sugar cane production, real estate ownership/management, and diversified agriculture. With the global economy slowly gaining strength, I think all of their business divisions will be able to flourish going forward.

Shipping demand by global companies could see a lift. Also, the number of tourists going to Hawaii will likely increase as incomes rise, resulting in increased values for the Hawaiian properties they own and manage. Then, if commodity prices start to rise with a boom in global demand, Alexander & Baldwin, Inc's sugar cane production will see improved margins.

Shares of ALEX closed on Friday at $32.18 per share. They have been showing signs of weakness so I would be more apt to buy the shares if they have a big down day. Keep ALEX on your watch list if we continue to see proof of a global economic recovery!