Frank Curzio Recommends the Following Stocks: LAF, AEP, ED, MPET, PFGC and CHDN.Business Editors CHICAGO,--(BUSINESS WIRE)--Dec. 2, 2002 Just because something's cheap, doesn't make it a good buy. After carousing ca·rouse intr.v. ca·roused, ca·rous·ing, ca·rous·es 1. To engage in boisterous, drunken merrymaking. 2. To drink excessively. n. Carousal. the aisles for the best Christmas deals, give your portfolio the gift of value. Market expert Frank Curzio has six suggestions in today's Featured Expert. Read his takes on LaFarge North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (NYSE NYSE See: New York Stock Exchange :LAF LAF Lance Armstrong Foundation (non-profit cancer organization) LAF Look and Feel LAF Laugh LAF Lebanese Armed Forces LAF Liquidity Adjustment Facility LAF Lost And Found LAF Laminar Air Flow ), American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. (NYSE:AEP AEP - Application Environment Profile ), Con Edison (NYSE:ED), Magellan Petroleum Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MPET MPET Metallized Polyethylene Terephthalate MPET Master of Professional Education and Training MPET Measurement/Performance Evaluation Tool MPET Maximal Permissible Exposure Time ), Performance Food (NASDAQ:PFGC PFGC Performance Food Group Co (stock symbol) ) and Churchill Downs (NASDAQ:CHDN). http://featuredexpert2bw.zacks.com/ Here are the highlights from the Featured Expert column: LaFarge North America (NYSE:LAF): This stock continues to move higher, bouncing off its 52-week low of $26. With LAF's product diversity and excellent management, Curzio rates this security a strong buy. American Electric Power (NYSE:AEP): Two key factors should push shares higher. One is that AEP decided to exit the energy trading market and focus on wholesale markets. The second is that the dividend be maintained. If both continue, shares should move higher. Con Edison (NYSE:ED) reported a third-quarter profit of $283.7 million, or $1.34 a share, beating expectations of $1.31 per share polled by Thomson First Call. ED also confirmed guidance for 2002 year-end stating that earnings should fall between $3.10-$3.20. Ed has managed to outperform the utility sector due to stronger demand for electricity. Magellan Petroleum Corp. (NASDAQ:MPET) purchased 337,000 shares of Magellan Petroleum Australia (MAPAY) last year increasing its ownership in MAPAY to 52%. MPET and MAPAY began the new fiscal year with a total of $17.6 million of cash and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has with no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . Considering the U.S. dollar exchange rate vs. Australian currency and the Australian tax on foreign dividends, U.S. shareholders will receive approximately $0.025 cents a share in U.S. currency (2-1/2 cents a share in dividends). Performance Food (NASDAQ:PFGC) stated that 4th quarter earnings would be below expectations, but they will continue on their expansion through acquisitions. Fourth quarter guidance is already factored in to this stock. Throughout next year, look for revenues and earnings to steadily increase. Churchill Downs (NASDAQ:CHDN): Despite a business recession in the leisure time industry, CHDN managed to report record 3rd Qtr. earnings and nine-month increases in revenues and profits. This small cap industry leader is a buy for aggressive portfolios. Get Frank Curzio's analysis and stock suggestions from every corner of Wall Street, including more specifics on the above-mentioned companies, by clicking: http://featuredexpert3bw.zacks.com/ About Zacks Featured Experts To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Recommendations from Featured Experts Highlighted in FREE Investment Newsletter The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail newsletter. Get your free subscription to "Profit from the Pros" at: http://www.freeprofit1bw.zacks.com About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofitbw.zacks.com Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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