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Non-Tech : Wolverine World Wide: Need some good shoes? -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (124)	8/14/1998 2:03:00 PM
From: Ken Turetzky	Read Replies (1) \| Respond to of 178

Record of insider sales, an incredibly miniscule purchase by Thomas Mundt, and exercise of stock options: biz.yahoo.com Upgraded to LT Buy by Donald W. Baird, whoever he is: biz.yahoo.com Wolverine World Wide says sales, earnings on track biz.yahoo.com

To: rogermci® who wrote (124)	8/14/1998 9:35:00 PM
From: Anthony Wong	Respond to of 178

Count Gerard Klauer's Klauer as a Bull: Bloomberg Forum Bloomberg News August 14, 1998, 5:56 p.m. ET Count Gerard Klauer's Klauer as a Bull: Bloomberg Forum New York, Aug. 14 (Bloomberg) -- Gerold Klauer, vice chairman of investment research firm Gerard Klauer Mattison & Co., still believes in the bull market. The Dow Jones Industrial Average fell another 34.5 points today, bringing the losses for the week to 173.02, or 2.01 percent. The declines have unnerved some investors. While small investors have generally kept their composure, they may start to sell if the trend continues next week. Klauer counseled them to stay the course, for now. ''In order to get a bear market, we have to have the big-cap names that have done so well correct significantly from current levels,'' he told the Bloomberg Forum. ''Should that occur, we would have a true bear market by definition, when they're off by 20 percent or more.'' Klauer, 55, wouldn't mind if the Dow's ''correction,'' a downturn in stock prices that falls short of a bear market, continued a bit longer as a way to keep the stock market in balance. ''I frankly think it would be healthy to some extent to wash out some of these large caps, which have done so well recently,'' he said. Among his favorite big stocks now are such computer stocks as Dell Computer Corp., Cisco Systems Inc., Apple Computer Inc. and Network Associates Inc. His firm also likes Lucent Technologies Inc., Nextel Communications Inc., Motorola Inc. and Gap Inc. What's the common thread among these companies? ''We think there is good value,'' he said. Dell, for example, ''has demonstrated an ability to not only meet, but to beat (earnings) expectations on a regular basis. The company has grown very, very rapidly.'' What would he buy if it were cheaper? ''The real values are in the small- and mid cap arena where companies are 30 and 40 percent off their highs. One stock is Wolverine High, makers of the Hush Puppy and the Caterpillar boot. They expect another record year next year. The stock is selling under 10 times earnings for a company that's probably going to grow at 20 percent a year for the next few years.'' Klauer's first love in the stock market is small-cap stocks. ''They can generate the earnings expected of them,'' he said. ''Patience will rule out. If you have a stock selling at 10 times earnings consistently, then someone will pay attention to those numbers.'' Over the long term, he isn't worried about the stock market. ''Inflation is under control and concurrent with that, the interest rate outlook, I think, is good,'' he said. ''Superimpose on that the average American consumer still wants to put money into stocks, because there are no other places to get those kinds of returns. The stock market is still a good place to be.'' --Jon Friedman (212) 318-2337 in the New York newsroom /ag