Bargains Galore

Money manager Howard Morris has a number of ways to find a cheap stock

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

Pages: 1 2
ACROSS THE WEB