Bouncing back

Tania Padgett

Secret lingerie stores and catalog, as well as Bath & Body Works. The Limited, based in Columbus, Ohio, has well-located stores and is adept at building up companies and spinning them off, adds Bowles.

San Antonio oil refiner Ultramar Diamond Shamrock (NYSE: UDS) has about 6,300 gas stations and operates petrochemical, home heating oil, natural gas liquids and convenience store businesses across the country. Bowles says the profit margins of Ultramar are likely to benefit from the decline in oil prices.

Colonial BancGroup Inc. (NYSE: CNB), in Montgomery, Alabama, is the holding company for Colonial Bank in Alabama, Florida, Georgia, Tennessee and Nevada. The $7 billion asset bank offers a dividend, has a strong balance sheet and is an aggressive acquirer, says Bowles.

BOWLES’ BEST BETS

52-Week

Company

Exchange: Symbol

Current
Price *

High

Low

P/E

Annual EPS
Est. 5 -Yr.
Growth

American Greetings Corp.

NYSE: AM

$42.31

$53.75

$34.25

17.17%

10.70%

Avnet Inc.

NYSE: AVT

58.19

74.5

34.94

16.39

14.0

Colonial BancGroup Inc.

NYSE: CNB

12.38

18.97

10.06

9.75

11.9

The Limited Inc.

NYSE: LTD

28.94

35.88

20.5

3.72

13.3

Untramar Diamond

Shamrock

NYSE: UDS

25.63

36.25

21.81

14.51

10.1

* As of 12/1/98; EPS growth rates from Zacks Investment Research.
Pages: 1 2
ACROSS THE WEB