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A Menu of Investment Opportunities
Be careful. Although the numbers seem enticing, unusually high or low
percentages may be a sign of trouble.
HIGH HOPES FOR EARNINGS
These companies' earnings are forecast to move smartly in 1997.
PERCENT CHANGE
1996-97
FIELDCREST CANNON 950%
SUNBEAM 923
RELIANCE GROUP HOLDINGS 900
SCIENTIFIC-ATLANTA 811
PERKIN-ELMER 747
CIRRUS LOGIC 511
YELLOW 381
DELTA AIR LINES 324
FHP INTERNATIONAL 298
EARTHGRAINS 272
COMPANIES WITH THE HIGHEST YIELD
These companies pay the highest annual dividends as a percent of stock price.
PERCENT
LONG ISLAND LIGHTING 9.0%
NORTHEAST UTILITIES 8.4
MIDAMERICAN ENERGY 8.0
PUBLIC SERVICE ENTERPRISE GROUP 7.6
CENTERIOR ENERGY 7.4
BOSTON EDISON 7.3
PP&L RESOURCES 7.3
CONSOLIDATED EDISON CO. OF N.Y. 7.2
PECO ENERGY 7.1
ENOVA 7.0
THE LOWEST PRICE-EARNINGS RATIOS
Prices of these stocks compared with 1997 earnings may suggest unrecognized
values.
RATIO
LABORATORY CORP. OF AMERICA 6.4
COLLINS & AIKMAN 6.5
THORN APPLE VALLEY 6.5
CONTINENTAL AIRLINES 6.8
JOHN ALDEN FINANCIAL 7.1
NORTHWEST AIRLINES 7.2
ARCADIAN 7.3
CHRYSLER 7.4
NIAGARA MOHAWK POWER 7.4
STANDARD COMMERCIAL 7.4
STOCKS THE INSTITUTIONS RARELY HOLD
Unpopular--or just overlooked? Either way, if the institutions suddenly take
notice, prices could rise.
PERCENT OF SHARES NUMBER
HELD BY INSTITUTIONS HOLDING
DIAL 1% 4
MICRON ELECTRONICS 1 25
LINCOLN ELECTRIC 4 27
RYERSON TULL 5 6
SPIEGEL 5 40
BANKERS LIFE HOLDING 5 54
SOUTHLAND 5 58
LIBERTY FINANCIAL 7 42
NGC 7 67
ARCO CHEMICAL 7 123
AVG. OF 900 COMPANIES 54 356
STOCKS SELLING WAY BELOW BOOK VALUE
Bargain hunters, take note. The stock price of these companies as a percentage
of book value is very low.
PERCENT
VENTURE STORES 23%
WHX 30
HECHINGER 30
PAYLESS CASHWAYS 33
BAKER (J.) 46
NIAGARA MOHAWK POWER 50
MUSICLAND STORES 50
FLEMING 55
FIELDCREST CANNON 58
WEIRTON STEEL 60
WHERE FORECASTERS DISAGREE THE MOST
Uncertainty can spell opportunity. The 1996 earnings-per-share estimates are
all over the lot for these stocks. For example: Estimates for WorldCom range
from a profit of $1.26 to a loss of $1.
CONSENSUS FOR 1997 VARIATION
CENTS PER SHARE IN FORECASTS
WEIRTON STEEL 19 405%
NATIONAL STEEL 79 260
COMCAST -11 255
WLR FOODS -21 233
TRANS WORLD AIRLINES 41 217
BETHLEHEM STEEL 41 178
WORLDCOM 23 174
BOISE CASCADE 53 172
INTELLIGENT ELECTRONICS 7 171
WANG LABORATORIES 5 160
DATA: AS OF NOV. 29, I/B/E/S INTERNATIONAL INC., STANDARD & POOR'S COMPUSTAT, A
DIVISION OF THE MCGRAW-HILL COMPANIES
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Updated June 13, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
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