Zacks.com Featured Expert Recommendations on: ASO, TIBB, KVHI, EPL, PRS, BBA, KSS, EBAY, LOW, and CSCO
October 29, 2001 06:04:00 AM ET
CHICAGO, Oct. 29 /PRNewswire/ -- Tim Murray and the folks at the Briar Patch have achieved 230% gains in the first three years of their portfolio with a compound annual growth rate of 49%! The view from the Briar Patch sets a deliberate and resolute path moving from cash ONLY when a security position is more attractive. Check out their market musings and profitable advice in the commentary provided for Zacks.com's Featured Expert Column. For the complete report and more in-depth market commentary, visit featuredexpert.zacks.com
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Here are the highlights from the Featured Expert column:
Thursday morning, October 25, 2001 -- What a hell of a day to post an expert opinion on the stock market. In football terms, we feel like two sports writers for the same paper in the press box watching a tie game at the beginning of the fourth quarter. It is late and there will be a rush to get the story of the game done for the early morning editions. To be sure that they will have a story, the two writers flip a coin to let them write separate stories saying why each team was victorious. They both know that one of their stories will be out the window at the end of the game, but the paper will have a story. Somebody won and somebody lost.
We currently own the well managed Alabama based AmSouth ASO, which is a large regional that yields 4.8%. In the very small size banks, we also own TIB Financial TIBB, yield of 3.6%, based in the Florida Keys and expanding into the Naples area. TIB is very thinly traded so use limit orders and be patient.
Our favorite long-term speculation continues to be KVH Industries KVHI. They have a strong balance sheet, excellent management and interesting new products still in the R&D phase. The Low Profile satellite antenna for SUVs is very promising and their military business is getting a boost from the current situation.
Although we don't own any oil patch stocks at the moment, we expect to be buying them on dips. We like Energy Partners EPL and Pure Resources PRS.
We have recently started buying the retailer Bombay Company BBA. Again it has a strong balance sheet with fresh and good management. The Book Value is $4.50 a share with about $3 in current assets. Over the last few years they have greatly improved their stores out of cash flow.
On bulges we would go short Kohl's KSS, eBay EBAY and Lowe's LOW. Not so good old faded roses like Cisco CSCO are also good shorts. Their current advance should top out in early November.
Be sure to read the rest of the article to learn all the stocks this investment expert is currently recommending. featuredexpert1.zacks.com
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