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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wowzer who wrote (64553)	5/18/2006 10:39:42 AM
From: Q8	Respond to of 206373

Personal Finance SmartMoney Stock Screen / Bargain Growth By Jack Hough 431 words 18 May 2006 The Wall Street Journal D2 English (Copyright (c) 2006, Dow Jones & Company, Inc.) THE DISTINCTION between growth-style and value-style investing may no longer be all that useful. Just look at mutual-fund companies. They often cleanly divide their offerings between growth and value portfolios, only to hold several of the same stocks in both. Better to use a blended approach: Look for companies with healthy growth prospects and value-priced shares. The "PEG ratio" can help. It divides a company's price/earnings ratio by the rate at which analysts figure its earnings will increase over the next several years. The lower the resulting number, the better. The PEG, of course, is only as accurate as analyst projections. Still, it's handy for reducing a broad universe of stocks to a handful worth researching. That's what this Bargain Growth screen does. We've listed survivors of the screen here three times over the past year. The three groups, starting with the most recent, have gained 5.5%, 32.4% and 65.7%, outpacing the Standard & Poor's 500-stock index by between four and 54 percentage points. Below are eight new stocks from the same screen. Their PEGs are below 1.0, suggesting they're about a third cheaper than the broad market. Each company has a modest debt level, has topped earnings forecasts over the past year and is expected to boost its earnings by 15% a year over the next several years. The stocks are up over the past year, and are within 10% of hitting new 52-week highs. As always, please use this list only as a starting point for further research. --- Growth Stocks on Sale These eight companies look inexpensive relative to their growth potential. COMPANY (TICKER) INDUSTRY PROJECTED LONG- 52-WEEK CURRENT PRICE PEG RATIO (CURRENT YEAR) TERM EPS GROWTH PRICE CHANGE Baker Hughes (BHI) Oil & Gas Equipment & Services $80.65 0.86 22.83% 86.00% Biovail (BVF) Drug Delivery 26.76 0.64 18.17 67.56 Global Industries (GLBL) Heavy Construction 17.07 0.78 25.00 106.66 HCC Insurance Holdings (HCC) Property & Casualty Insurance 31.79 0.77 15.60 20.97 M-Systems Flash Disk Pioneers (FLSH) Memory Chips 34.90 0.99 24.75 63.93 Parker Hannifin (PH) Industrial Equipment 82.60 0.95 16.50 38.96 Phillips-Van Heusen (PVH) Clothing 38.14 0.89 18.33 36.41 Raytheon (RTN) Aerospace/Defense 46.48 0.97 17.95 18.72 Note: All data as of May 16, 2006. Source: Hemscott