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Linked here is a PDF copy of my detailed analysis of Kimberly-Clark Corporation (KMB) (alt.1, alt.2). Below are some highlights from the above linked analysis:

Company Description: This leading consumer products company's global tissue, personal care and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott and Kimberly-Clark.

Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:

1. Avg. High Yield Price
2. 20-Year DCF Price
3. Avg. P/E Price
4. Graham Number

Barron's interviews Legg Mason (LM) value investors Harry Cohen and Scott Glasser, whose Legg Mason Partners Appreciation outdid the S&P 500 by nine points over the past year, despite losing 0.69%.<!---->

They say the time to get bearish was a year ago -- now it's time to be cautious. Financials will not bottom until investors "start thinking in terms of absolute losses and really get scared." Energy, industrials, agriculture and materials - not financials - will lead the market higher, although it doesn't seem to have bottomed yet.

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday June 18. <!----> <!---->

Bullish calls:

Black & Decker (BDK): "I pulled the trigger today and bought some more for my trust. It's cheap and has a 3% yield, so I said it's time to buy. I am willing to take the consequences. The housing crisis will eventually be over."

Praxair (PX): "The gas business is on fire. These are stocks we've been recommending for multiple years. I reiterate my buys on Airgas (ARG), Air Products and Chemicals (APD) and Praxair."

Kimberly-Clark (KMB) is a company that has experienced ups, downs and, generally, stagnation. An institutional favorite, and especially a darling of American Century and Vanguard Fund families, KMB is lurching forward and may add some spice to its vanilla image.

Kimberly Clark (NYSE:KMB) was written up in this week's Barrons as a good buy. I agree. Here's why...

April 18, 2008 close: $63.34