Charting A Course

Terry Bedford sees a bigger picture in stock price charts and trading volume data

buy shares whenever the stock has fallen to the $4 level.

Overall, Bedford thinks a mild rally this past fall will probably be followed by another marked drop in share prices. After that, I think theres a chance the market could rise as much as 50% in the year ahead.

Terry Bedford’s Private Screening Picks

Company Exchange: Symbol

Price*

P/E on Projected 2002 Earnings

Est. 5-Yr. Annual EPS Growth Rate

Why Stock Will Outperform

Walt Disney Co. NYSE: Dis

$16.08

33.4

12

Disney is cutting costs at ABC, while banking on the strength of its large library of characters.
Verizon Communications NYSE: VZ

34.71

13

6.8

The Baby Bells should come out of the recent telecom slump stronger and ready to bounce back.
SBC Communications NYSE: SBC

22.40

12.3

0.65

Like Verizon, SBC is cheap. The company should also be able to expand through an industry fire sale.
3M NYSE: MMM

120.95

24.6

11.4

Not only is 3M’s management currently the envy of the corporate world, it also has a Fort Knox of patents.
Xerox NYSE: XRX

5.28

30.8

14.8

Although Xerox has come under pressure, a change in management will right the company’s course.
*AS OF OCT. 14, 2002
Sources: Terry bedford, bedford & associates research group; morningstar inc.; yahoo! finance; zacks investment research
Raymond Stewart’s Private Screening Performance
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