booming automated optical inspection industry could set growth on a 25% upward trajectory in 2004, pushing the company’s stock price to around $22.
Finally, Jackson thinks Laureate Education Inc.’s (Nasdaq: LAUR) business plan, which offers Internet degree programs backed by accredited universities, is on target for growth, particularly in Latin America. He sees an average profit increase of 20% or more next year and targets the stock to hit $44 in the next 12 months.
Henry O. Jackson’s Private Screening Picks
|Company (Exchange: Symbol)||5-Yr. Price*||Growth Rate||Target Price||Why Stock Will Outperform|
|Mueller Industries(NYSE: MLI)||$38.05||17%||$40||Mueller’s fittings business has done well because of the recent U.S. housing boom.|
|Integra LifeSciences (Nasdaq: IART)||$28.91||20%||$35||Integra LifeSciences’ biotechnology products should make the company a strong performer.|
|Global Payments Inc. (NYSE: GPN)||$43.90||15%||$50||Global Payments benefits from its position as a leader in electronic transactions.|
|Orbotech Ltd. (Nasdaq: ORBK)||$17.75||24%||$42||A booming tech market could have positive results for Orbotech’s manufacture of electronic equipment.|
|Laureate Education Inc. (Nasdaq: LAUR)||$30.99||20%||$44||Online degree programs have given Laureate Education a way to grow in Latin America.|
|*As of Aug. 19, 2004|