To: Intrepid1 who wrote (1357 ) 11/25/1998 8:02:00 PM From: William Bach Read Replies (1) | Respond to
Investor Alley: Advisory Newsletter
By Alley Analyst (Inhouse) on Wednesday, November 25, 1998 - 01:00 pm:
Two Recommendations
NOVACARE INC. (NYSE: NOV)
We are recommending NOV as a buy again at current price or lower.
At these levels, NOV is undervalued. After our last recommendation
of NOV, we saw the stock move from 2 1/2 to a little over 4.
Summary of current fundamentals
Book Value approximately $9! (It is trading at 2 13/16 by 2 7/8)!
Our Previous Due Diligence
Market Cap is $136.8 Mil while the company has sales of $1.67
Billion
LOW P/E of 2.37
We believe the downgrade and earnings news from the company is
already built into the price (Look at the chart.) This company is
grossly under-valued.
This is a speculative buy recommendation but the fundamentals
suggest that the company is low risk long-term and a good
possibility for a short-term percentage gain.
Related Yahoo Finance Link on Novacare:
biz.yahoo.com
************************
Commodore Applied Technologies Inc. (AMEX: CXI)
This is a highly speculative recommendation. Here is a quote from
the latest news:
"General Accounting Office (GAO) has reversed its September 15,
1998, dismissal and has reinstated the protest lodged by Teledyne-
Commodore LLC, its joint venture with Teledyne Environmental, Inc."
Evidently the news has not hit the wires yet. This is a very
speculative recommendation. The news has been posted on the
Commodore website, though it has not hit the wires!
Synapsis of CXI:
Commodore Applied Technologies and subsidiaries is engaged in the
destruction and neutralization of hazardous waste and the
separation of hazardous waste from other materials.
This stock is not a recommendation based on fundamentals. We are
looking at the story value of it. If it is back in the running for
the governments Assembled Chemical Weapons Assessment (ACWA)
program, the investment community will view this as positive news.
NEWS:
commodore.com
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Date: Wed, 25 Nov 1998 13:00:48 -0500 (EST)
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From: Investor.Alley@www29.hway.net
To: bach4321@AOL.com
Subject: STOCK PICK NOTIFICATION
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