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To: gcruse
I've been picking up utilities beaten down by the Enron scandals - everything's down 50+% - hopefully nowhere to go but up. Any other sectors you're looking at?
4 posted on 08/28/2002 5:37:33 PM PDT by Tunehead54
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To: Tunehead54
Oops! Forgot to mention - a lot of these utilities are paying 6%+ dividends ...
5 posted on 08/28/2002 5:40:46 PM PDT by Tunehead54
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To: Tunehead54
Medical technology, especially lipid (?) destruction. Asia has an epidemic of hepatitis. Then there's AIDS and all the NGO money that research attracts.

6 posted on 08/28/2002 5:45:07 PM PDT by gcruse
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To: Tunehead54
I've been picking up utilities beaten down by the Enron scandals - everything's down 50+% - hopefully nowhere to go but up. Any other sectors you're looking at?

That's been my strategy as well. Energy companies have been crucified, but now you can actually find stocks that are not in trouble because of Enron or California, that have a P/E less than 5 (sometimes a lot less) and still pay quarterly dividends amounting to 5 - 10% returns.

I read an analyst hit piece on one such company, and after saying that their debt to asset ratio was good, had gobs of cash sitting in the bank, had great cash flow, etc turned around and recommended against the stock! Then, in the very next sentence said that this company did pay out a large dividend every year "if you like that sort of thing". Sheesh.

I bought some of this un recommended stock and watched it appreciate 35% in three weeks. Sheesh indeed.

(In fairness I should say that it went down in the last two days, like most other energy stocks, but it was still 25% above where it was three weeks ago at today's close.)

7 posted on 08/28/2002 6:52:42 PM PDT by lafroste
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