Ticker Tape's Forensic Favorite
09/11/2002 12:00 am EST
“FTI Consulting (
FTI showed strong earnings growth in the first half of 32%. It has said the general level of business activity experienced in the first half is continuing into the second half. For the year, FCN’s profits should climb 50% to $1.26 a share. Looking to 2003, we anticipate a 26% improvement in net to $1.59 a share. Technically, this is one of the leading stocks of the past year-and-a-half, having climbed from six to 42. The stock has pulled back after a strong run up and is now in the mid-30s. In our opinion, the recent pullback sets up a great opportunity to get in. The positives of strong accumulation on the pullback give the green light. We would initiate partial positions now and then average up on a move over 38. We are targeting the stock for a run to 45 within six months. A protective stop can be placed near 34.”
Matthew Kerkhoff, options expert and editor of Dow Theory Letters, continues his 14-part educational...