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its business. “Our investment manager for this stock believes that because Big Lots has exited the toy business and is now focused solely on closeout merchandising, they are now paying attention to their core competency, which is closeout retailing,” says Johnson. “They’ve also brought on board a new management team that’s helping them get back on target and make money.”
Anthony K. Johnson’s Private Screening Picks
|Price*||P/E on Projected
|Why Stock Will Outperform|
|Enterasys Networks Inc.
|$5.25||N/A||15.0%||Developed a new product line, which made company more competitive.|
|LSI Logic Corp.
|11.36||N/A||16.7||Personal electronics sales during holidays should increase overall sales.|
|12.23||N/A||12.0||Strong market share, strong financials.|
|Big Lots Inc.
|17.60||25||20.0||Refocused their business on core competency.|
|*AS OF AUGUST 27, 2003 SOURCE: ANTHONY K. JOHNSON, PHILADELPHIA PERS|
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