A Green Season Is Ahead

Piedmont Investment Advisors president Isaac Green says the signs point to a recovery

by James A. Anderson Posted: August 1, 2002

cycle that should soon come.

Isaac H. Green’s Private Screening Picks
Company Exchange: Symbol	Price*	12- to 18-Month Price Target	P/E on Projected 2002 Earnings	Annual EPS Est. 5-Yr. Growth Rate	Why Stock Will Outperform
Providian Financial NYSE: PVN	$ 7.01	$12	46.7	14.7	A stronger economy means more profits and lower credit risks.
Clear Channel Com. NYSE: CCU	46.80	62	116.9	19.8	Expects companies to open up their advertising coffers and give Clear Channel a lot of business.
United Technologies NYSE: UTX	68.51	86	16.0	14.1	During wartime, defense is poised for growth. An upswing will help their air conditioning and elevator business.
Philip Morris Companies NYSE: MO	54.90	65	11.5	12.5	Tobacco litigation troubles should ease and let more profits flow to Philip Morris’s bottom line.
Oracle Nasdaq: ORCL	8.01	15	20.4	18.4	Y2K software is getting old, and company upgrades should start anew as the economy strengthens.
SOURCES: PIEDMONT INVESTMENT ADVISORS L.L.C.; MORNINGSTAR INC.; YAHOO! FINANCE; ZACKS INVESTMENT RESEARCH *AS OF MAY 10, 2002