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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (12520)	7/24/2001 6:06:50 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 52237

Ran a search on Olstein on CNNFN and here are the quotes (of course these are sound bytes, and a long essay or interview would make his vies more justice, but I believe analysts pick their words very carefully knowing that only the sound byte will remain. ) March 12th Robert Olstein, president of The Olstein Financial Alert Fund, said now is a good time to invest in semiconductor stocks, and he also forecast good opportunities in the banking sector. He said he is buying Bank of America and First Union. OLSTEIN'S STOCK PICKS Bank of America (BAC) First Union (FTU) "We think the loans are overhyped; it's already in the price of their stock," said Olstein. Shares of Bank of America (BAC: Research, Estimates) dipped 51 cents to $51.99. The stock has been trading between $61 and $36.31 in the past 52 weeks. First Union (FTU: Research, Estimates) stock dropped $1.52 to $31.73 with a 52-week high of $38.87 and a 52-week low of $23.50. April 11th "The market typically leads earnings rebound by about six months," Davidson said. "Maybe market participants are expecting a fourth-quarter rebound in corporate earnings." Robert Olstein, president of the Olstein Financial Alert Fund, is such an investor. "You've got to buy the negativity," Olstein told CNNfn's Market Call program Wednesday. "That's when you get the right price for stocks -- in the eye of the storm." "We believe the economy will start to (recover) some time in January," Olstein said. "And now is the time to take advantage." April 11th Robert Olstein, president of The Olstein Financial Alert Fund, picked some value stocks from the technology sector Wednesday. The small investor has to understand the value of the company that he's buying. If you don't know what you're doing, you need to have an adviser, whoever that may be, who does know what he's doing," Olstein said. "And if you then want to play it yourself, you better understand accounting. You better understand discounted cash flow because stocks are not lottery tickets. They are real companies and eventually they can only grow as far as their real earnings, not their fictitious earnings." ROBERT OLSTEIN'S STOCK PICKS: TriQuint Semiconductor (TQNT) Tellabs (TLAB) Lucent (LU) "TriQuint Semiconductor (TQNT: up $4.28 to $17.38, Research, Estimates) -- here's a company that closed yesterday at $13.00 a share. It has $5.00 a share in cash, so you're buying the company at $8.00 a share. It's got earnings power. We own Tellabs (TLAB: up $0.22 to $33.06, Research, Estimates). We're buying, again. Olstein also backed Lucent. "I don't think Lucent (LU: up $0.14 to $7.36, Research, Estimates) is going to go bankrupt," he asserted. "I really believe that the Bell Laboratory is a valuable component of that company. They're going to have work themselves out of this problem. I think Lucent is a survivor." ATG