Stock Picks - September 24, 2007

I spent a lot of time reading this weekend and in a rare moment of focused attention, I finished reading all of Barron’s before the weekend was over. I also read an aging Smart Money magazine I hadn’t finished yet. The whole time I read I kept a pen and piece of paper next to me and wrote down every stock ticker with a bullish mention in both sources.

I plan to use this throughout the week to research further and use a limit orders for naked puts where I see fit. This is the list of stocks I gleaned from my reading, although I haven’t had time to do my own analysis of any of these yet.

ANW - Kopin Tan wrote about it on pg M7. It’s 31.70 now and he quoted an analyst who said it could hit 42.

ORCL - Beat earnings, could make another run

AM - Moved to the profitable side of the game

CODI, MVC, HTCC, ARCC, ACAP - Michael Santoli listed these as private equity companies that could be due for a closer look. He focused more attention towards CODI.

LEH, PHG - Both covered in the Barron’s follow up piece. Funny that later in the same edition I read a bearish case for LEH’s sector compared to the bullish article that touted their global exposure as a key to success. Walk softly with this pick.

PPG - From page 23

CMCSA - From page 46. You know I just dumped this for a small profit at the end of last week and watched it fall after that. Maybe I can get back in now. It’s not a well liked stock now, but can rally quickly once the masses realize for what they are losing in one line of business they are picking up extra business elsewhere.

RS - On page 54, Naureen Malik praised it. RS is at a 16% discount to its five year average multiple. Commodity metal prices are already off their highs and a slight uptick could send RS back up strong.

BKE, CBRL, CPO - These three were listed on page 55 as strong dividend stocks.

PHH - I didn’t write down the page or story, but must have liked what they said. Maybe by the end of my reading my mind was more mushy than normal.

PCP - A ”Smart Money” pick, I wish I read this article closer to the publication date. It’s up a good bit from the price they quoted, $119. A far OTM put my be the right medicine.

FWLT - Also from “Smart Money”, I sold a naked put on it last week and will try to keep my emotions in check on it when (not if) it takes another rocky route to new highs.

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