PAINEWEBBER ADDS TIME WARNER AND IVAX TO ITS FOCUS LIST
PAINEWEBBER ADDS TIME WARNER AND IVAX TO ITS FOCUS LIST NEW YORK, March 20 /PRNewswire/ -- PaineWebber Incorporated
announced today that it has added two companies to its group of stocks known as the PaineWebber Focus List. They are Time Warner (NYSE: TWX) and IVAX Corp. (AMEX: IVX). The Focus List is a dynamic, carefully chosen list of no more than 30 select companies that the firm has rated buy or attractive.
The Focus List uses a method of stock selection designed to maximize growth potential and minimize risk. The 30 stocks that comprise the Focus List are chosen by a committee of senior PaineWebber professionals whose selection criteria combine elements of fundamental, quantitative and technical analysis. After a stock is chosen, it is scrutinized daily and is removed from the list when one of two things happens: the PaineWebber analyst downgrades the stock, or the Focus List's proprietary Stop-Loss discipline indicates that the price threshold has been violated. Time Warner, headquartered in New York, is the largest U.S.-based media company. Its flagship magazine division accounts for a dominant share of the industry. Company revenues for 1992 are estimated at $13.3 billion. IVAX Corp., headquartered in Miami, has interests in pharmaceutical research and development, distribution of generic pharmaceuticals, medical diagnostics and specialty chemicals. Company revenues for 1992 are estimated at $450 million. Carolyn J. Cole, senior vice president and chairperson of the Focus List committee, said about the selections, "Time Warner is a superb way for investors to participate in the changes occurring across the media universe. IVAX has had a strong performance over the last year and still offers a great opportunity among the more speculative drug stocks." To receive recent performance data or a complete list of stocks on the Focus List and additional information about those stocks, contact any investment executive at the nearest PaineWebber office. PaineWebber Incorporated is one of the nation's leading full-service securities firms with 270 offices and 4,500 investment executives worldwide. TWX March 19, 1992, price: $104-3/4 IVAX March 19, 1992 price: $34-1/2 -0- 3/20/92 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for PaineWebber/ (PWJ TWX IVX) CO: PaineWebber Incorporated; Time Warner; IVAX Corp. ST: New York, Florida IN: SU: TS-CK -- NY023 -- 0058 03/20/92 11:28 EST
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|Date:||Mar 20, 1992|
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