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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: phillip who wrote (9662)	2/19/1999 9:01:00 PM
From: Herm	Read Replies (1) of 14162

FGI FGI has a 22.5% growth rate and a low P/E of 6.2. WOW! That's one cheap price for a stock that has been beating earnings for the past four quarters. Plenty of open interest for CCing! Hey, at these levels you can't go into the hole. You can keep ccing and milk that! NYSE: (FGI : $10 7/8) $265 million Market Cap at February 19, 1999 Employs 800. Trades at a 52% Discount PE Multiple of 6.2 X, vs. the 12.8 X average multiple at which the Shipbuilding SubIndustry is priced. FGI seems to make clean lower and upper BB tags and then heads the opposite direction in price. iqc.com VTS VTS has a 23% growth rate and a 7.7 P/E. Another cheap old stock. Again, at current levels you can CC and stay ahead of the decline and still make some money. NYSE: (VTS : $10 1/16) $227 million Market Cap at February 19, 1999 Employs 1,300. Trades at a 62% Discount PE Multiple of 7.7 X, vs. the 20.3 X average multiple at which the Oilfield Equipment SubIndustry is priced. iqc.com

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