Talking Stocks: Battipaglia
Stock strategist at Gruntal & Co. answers your
e-mail questions
February 04, 2000: 1:35 p.m. ET
NEW YORK (CNNfn) - Each Friday at 1 p.m. ET, CNNfn viewers are invited to call in to the
"Talking Stocks" segment and ask the guest expert questions about equities. Here, Joseph
Battipaglia, stock strategist at Gruntal & Co., answers your e-mails.
Name: Gigi, Mass.
Question: What is your opinion long-term? I would like to purchase a "budding" CMGI (CMGI:
Research, Estimates) or other cheaper stock preference in this communications group.
Battipaglia: Long-term we're very bullish on CMGI. We believe the company has a very bright
future. It's hard to put a value on it; assets are real, the potential is quite large.
Name: Ali, United Arab Emirates.
Question: I would like to know your opinion about Lucent Technologies (LU: Research,
Estimates).
Battipaglia: We have been given an excellent opportunity to buy the stock again. We're
confident that the management can correct their operations problems, and at the same time,
we're very excited for their fiber optical area, which might spin off soon. It's a great time to buy
some more of this stock at these levels.
Name: Carl, S.C.
Question: Compaq Computer (CPQ: Research, Estimates): What is the reason for this stock's
inability to get off the bottom?
Battipaglia: First of all, the PC business has become commoditized, because of constant price
pressures in market place. You're basically looking at a mature industry here, which will not give
the kind of returns it has given in the past. I would sell Compaq, as well as Dell. |
