I’ve been picking up $FLO and $WLK lately.

FLO’s revenues been pretty flat over the past couple years, which ain’t too shabby in a down cycle. They borrowed some to pay for an aquisition, but the debt ain’t crazy for a staples company. They’ve got a track record of good acquisitions too. Cash flow’s holdin strong, and their FCF payout ratio looks solid.

WLK’s a solid-run outfit hitting a double trouble with the downcycle plus some surprise plant shutdowns this year. I figure there’s higher chance of a cut if recession piles on, but those negative earnings right now are mainly from a non-cash hit, and they stacked up a fat cash hoard in the last upswing to weather the storm.