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Venator. “Another pick of ours is Venator, which operates retail stores: Foot locker, Lady Foot Locker, Kids Foot Locker, Champs Sports. It’s also a direct marketer that was once a part of the old Woolworth’s department store chain.”
School Specialty Inc. “School Specialty is a new issue in which we just participated. It distributes educational supplies and furniture for pre-K through 12. It supplies these materials to school districts, administrators, and teachers through its catalogues.”
Michael ray
Legg Mason Funds Management
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Stock (Exchange: Ticker) |
Price at |
5-Year |
| Citigroup (NYSE: C) | $49.64 | 14.5% |
| SBC Communications (NYSE: SBC) | 44.52 | 10.7 |
| Gateway (NYSE: GTW) | 11.03 | 13.8 |
| *As of 8/10/01 Source: Zacks.comCitigroup Inc. “Citigroup is a 14% grower, long term. They derive about a third of their earnings from corporate i nvestment banking, a third from retail banking, and [the] last [third] from insurance and asset management. I think that as the synergies become apparent between the merger of the bank and Salomon Smith Barney, corporations, in particular, will use Citigroup as kind of a one-stop shop.” SBC Communications Inc. “SBC is the old Southwestern Bell. Here you get a unique component in that I think all of us have seen the proliferation of ads for Cingular Wireless. Cingular is a wholly owned subsidiary of SBC. With the third generation of wireless products here, coming in the next six months to a year, we think that that leaves room for a lot of price improvement at SBC.” Gateway Inc. “On my PC recovery theme, we’ll put Gateway into the mix. Gateway is a unique animal in that they have both direct sales to customers and they also have a retail channel. As far as the competition goes, Gateway will definitely be one of the survivors in that space.” |
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Mark Lay
MDL Capital Management
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Stock (Exchange: Ticker) |
Price at |
5-Year |
| Veritas Software (Nasdaq: VRTS) | $38.66 | 39.9% |
| Wal-Mart (NYSE: WMT) | 53.60 | 14.4 |
| Lucent (NYSE: LU) | 6.51 | 13.9 |
| *As of 8/10/01 Source: Zacks.comVeritas Software. “Veritas is attractive because memory and storage is a very big area that continues, in my opinion, to have significant growth potential. Most [analysts] have Veritas’ five-year growth rate around 47%, growing substantially faster than the marketplace. They are just [in] software, which, in my opinion, makes them attractive down the line as a potential takeover candidate.”
Wal-Mart Stores. “Consumers continue to spend. Where do we go to shop? Wal-Mart. With the tax rebate, that type of money will find its way into Wal-Mart’s hands. Wal-Mart is a stock currently trading near its [52-week] ACROSS THE WEB
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