“Giant Industries (GI NYSE) has
dipped below our buy limit of $4.88,” notes John Buckinghman, editor of
The Prudent Speculator.
“The firm owns refineries, as well as a crude oil gathering pipeline
system and a chain of retail service stations in the Southwest. Giant posted a fourth quarter loss of
$0.06 per share, but it has tremendous operating leverage. Meanwhile, management
has been paring debt by selling non-strategic assets. With the stock trading for
only 39% of book value and 3% of sales, far less than its peers, we think Giant
Industries is a bargain.”
It certainly takes fortitude to buy a stock that has risen from $1 a share
into the teens. Nevertheless, the
latest momentum play from Kevin Kennedy’s
CoolcatReport.com is Brightpoint (CELL NASDAQ), with
a relative strength ranking of 99. “Brightpoint is one of the world's largest
distributors of mobile phones. Brightpoint's services include distribution,
channel management, fulfillment, eBusiness solutions and other outsourced
services.” For speculators only!
“This year, Japan, along with other major world markets, have been vulnerable
to developing geopolitical issues; hence our position in Scudder Japan (SJPNX) is down 7% year to date,” says Jim Stack, editor of The
Invest]Tech Market Analyst.
“Still, from a contrarian standpoint, we feel a small position in Japan
should offer an attractive profit opportunity once world markets start to
recover.”
“Coca-Cola (KO NYSE), founded in 1886, is one of the oldest and best-known consumer
franchises in the world,” notes Stephen Leeb, editor of Personal
Finance. “International
sales remain the firm’s strong point and the Asian market is a strong reason we
expect low double-digit growth for the foreseeable future. The stock isn’t cheap
on a p/e basis, and we’d prefer to buy on dips below 35. But whenever you
buy it, the only question is how long you have to wait before you see your
investment turn extremely profitable. This is the ultimate ‘when’, not
‘whether’
stock.”
Fidelity Sector Investor is a great service for both
traders and investors. It follows the scores of investment sectors covered by
Fidelity funds, and then recommends both general and aggressive portfolios. Says
editor Jim Lowell, "Our aggressive portfolio is split roughly evenly
between Fidelity Select Software (FSCSX), Fidelity Select Medical Equipment (FSMEX), and Fidelity Select Wireless (FWRLX)."
"Arrow Financial (AROW NASDAQ) continues to prove that smaller is safer
in the banking world," says Roger Conrad, editor of The Utility
Forecaster. "Like other lenders, the upstate New York-based bank
suffered from the compression of interest rate spreads in the quarter. But it
nonetheless posted a 9.3% boost in
first-quarter 2003 earnings, thanks to continued gains in loan growth and
quality and by adding deposits. Deposits, the bedrock of assets, increased
13.3%. Arrow remains by far my favorite financial stock for income
and growth."
