notice, enough to possibly lift the value of AT&T above $20 a share once the cable unit is spun off.
Howard Morris’ Private Screening Picks
| Company Exchange: Symbol |
Price* | 12- to 18-month Price Target |
P/E on Projected 2002 Earnings |
Est. 5-Yr. Annual EPS Growth Rate |
Why Stock Will Outperform |
| Office Max NYSE: OMX |
$ 5.74 | $11 | N/A | 10.3 | As restructuring continues, investors are bound to see a turnaround in the company’s numbers. |
| Xerox NYSE: XRX |
10.46 | 15 | N/A | 10.8 | Xerox is slashing debt and freeing up more money to fatten its bottom line. |
| IMS Health NYSE: RX |
21.45 | 27 | 23.9 | 16.8 | A more conservative tact in the company’s accounting should help the company’s rep with investors. |
| Washington Mutual NYSE: WM |
32.60 | 48 | 10.0 | 12.9 | A bold move by the West Coast thrift into Atlantic seaboard markets should pay off. |
| AT&T NYSE: T |
15.22 | 23 | 83.5 | 12.3 | While investors focus on the sale of company cable assets, they’re overlooking the core business. |
Sources: Howard Morris, Lakefront Capital Management; Morningstar Inc.; YAHOO! FINANCE, Zacks Investment Research
*AS OF MARCH 25, 2002
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