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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