BusinessWeek: Highlights From BusinessWeek's May 21, 2001 Issue; On Newsstands Through May 21, 2001.Business Editors NEW YORK--(BUSINESS WIRE)--May 11, 2001 INSIDE WALL STREET... Schering-Plough (SPG SPG - System Program Generator. A compiler-writing language. ["A System Program Generator", D. Morris et al, Computer J 13(3) (1970)]. ) -- Rumors have swirled that this pharmaceutical company may become bait for a buyout. The stock is down 33% this year, with shares tumbling to 37, down from 56 in mid-February. Analyst Steven Tighe of Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. figures Schering could be worth $42 to $72 a share, depending on whether the buyer is a financial group or drugmaker. Children's Place Retail Stores (PLCE PLCE Personal Load Carrying Equipment (British Army) ) -- Currently trading at 24, this stock is 12 times the 2001 consensus estimate of $1.80. The company has twice as many stores at it did two years ago, and this year 120 new stores will be added. Based on its growth, "the stock should double during the next two to three years," says Larry Leed Jr., chairman of Buckingham Capital Management. Time Warner (AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) -- AOL has delivered robust results during "one of the toughest operating environments in years," notes Reif Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. of Merrill Lynch. AOL is in a good spot in this weak advertising market, she says, since only 25% of its revenues come from ad revenues. Her 12-month target for the stock, now at 52 is 65. Liberty Media Group (LMG/A) -- Liberty, a media, entertainment and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , is well positioned to weather the storm, says Rief Cohen of Merrill Lynch. Its core business continues to bring solid results -- with cost-cutting offsetting the weak ad revenues. Now at 16.85, she sees the stock zipping up to 25 to 30 over the next 18 to 24 months. (page 139) |
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