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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (33885)	10/1/2000 11:36:29 AM
From: IQBAL LATIF	Respond to of 50167

<<Diversification is key Al Frank and John Buckingham's remarkable success with value investing. This success regularly lands Frank & Buckingham on the top of investment newsletter monitor Mark Hulbert's performance list. Buckingham just issued a list of 10 bargains, all of whom are the top names in their respective industries. He advises diversifying new money into as many of these as possible. One of these picks is Ford Motor (F). In August 2000, Ford announced a complex stock-swap plan that would return up to $10 billion of its huge cash hoard to shareowners. But that news was overshadowed by a recall of 46,000 of its troubled Firestone tires, which are included in its top-selling Explorer SUV. Nevertheless, Explorer sales hit a record in August. "Consumers believe that the tires, not the car, are the safety concern," Buckingham says. Buckingham predicts a short-term earnings hit as Ford idled three Explorer and Ranger assembly lines to replace the offending tires. "But we think investors should take advantage of recent price weakness by picking up the stock below $26," he says, noting shares now trade for 6.3x earnings and yield nearly 5%.>