Ron:
i like it long term too
fyi
LOS ANGELES (CBS.MW) -- Recently, we alerted you to a number of SuperStar mutual funds on the comeback trail after being hit hard in the summer correction (some of these were blue-chip-focused funds, while others were more aggressive). Real bargains. Buys at discount prices as we look ahead to the Dow's reaching 10,000 by 2000. So I asked myself the obvious question: What stocks do these pros see as bargains? Better yet: What are these managers actually buying during this recovery?
Then the latest InvestmentNews, a new weekly print publication for financial advisers, appeared serendipitously on my desk with a story titled "Bargains! Bargains! Bargains!" I couldn't resist. The article listed 40 stocks that "the pros say have been unfairly spooked by the summer selloff." As a result, "many are trading at bargain prices not seen in years."
The fact that these 40 stocks are being actively purchased by these managers is an important reason investors should take a close look at them now. Moreover, InvestmentNews has some of the best research we've seen in a while and, therefore, deserves broader exposure, so we're passing these recommendations along to you. Check them out:
· Acorn USA Fund: Robert Mohn (AUSAX)
Lincare Holdings (oxygen therapy) (LNCR)
CalEnergy (power production) (CE)
· Papp-America Abroad Fund: L. Roy Papp (PAAFX)
American Power Conversion (power packs) (APCC)
Molex (electric and telephone connectors) (MOLX)
· Ranier Core Equity Fund: David Veterane (RIMEX)
HCR Manor Care (health care) (HCR)
Men's Wearhouse (clothing retail) (SUIT)
Ingersoll Rand (equipment manufacturing) (IR)
· Safeco Income Fund: Tom Rath (SAFIX)
Chancellor Media (radio) (AMFM)
Quantum (disc drives) (QNTM)
Family Golf Centers (golf ranges) (FGCI)
· Safeco Growth No-Load Fund: Tom Maguire (SAFGX)
Emmis Communications (media) (EMMS)
Conseco (health and life insurance) (CNC)
· Chicago Trust Growth & Income Fund: Nancy Scinto (CHTIX)
Health Management Systems (HMSY)
Tellabs (phone connectors) (TLAB)
EMC (computer storage devices) (EMC)
· Kemper-Dreman High-Return Fund: David Dreman (KDHAX)
Philip Morris (tobacco, food, beer manufacturing) (MO)
BankAmerica (banking and financial services) (BAC)
· MFS New Discovery Fund 1: Brian Stack (MNDAX)
Cambridge Technology Partners (media) (CATP)
Envoy (health-care claims processing) (ENVY)
IDX Systems (health-care software) (IDXC)
· Oppenheimer Global Fund: Bill Wilby (OPPAX)
Societe Bic SA (lighters, pens, razors), on the Paris exchange
Fresenius (dialysis, Germany) (FMS)
Telecom Italia Mobile (cellular phones), on the Milan exchange
· Aronson + Partners: Kevin Johnson
Best Buy (retail electronics) (BBY)
Avis Rent-a-Car (automobile rental) (AVI)
Varlen (machine tool manufacturing) (VRLN)
· McKinley Capital Management: Alex Slivka
Liberty Media (television) (LBTYA)
· Snyder Capital Management: Alan Snyder
MaxiCare (health care) (MAXI)
Kelly Services (temporary labor services) (KELYA)
Wallace Computer (paper supplier) (WCS)
Pier 1 Imports (retail) (PIR)
· ValueQuest: Katherine Magrath
Humana (managed care) (HUM)
Columbia HCA (health care) (COL)
Air Transportation Holding Co. (air freight) (AIRT)
· Wells Asset Management: Rex Wardlaw
Washington Mutual (banking) (WAMU)
Fort James Corp. (paper manufacturing) (FJ)
Allegheny Teledyne (stainless steel) (ALT)
· Wells Asset Management: Katherine Shapiro
Donaldson, Lufkin & Jenrette (brokerage) (DLJ)
Alliance Capital (money management) (AC)
AXA UAP (insurance, France) (AXA)
SwissCom (telephone, Switzerland) (SCM)
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