Printer Friendly

PAINEWEBBER INCORPORATED ADDS TENNECO AND KAUFMAN AND BROAD HOME TO ITS FOCUS LIST

 PAINEWEBBER INCORPORATED ADDS TENNECO AND
 KAUFMAN AND BROAD HOME TO ITS FOCUS LIST
 NEW YORK, March 12 /PRNewswire/ -- PaineWebber Incorporated announced today that it has added two companies to its group of stocks known as the Painewebber Focus List. They are Tenneco Inc. (NYSE: TGT) and Kaufman & Broad Home Corp. (NYSE: KBH). 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.
 Tenneco Inc., headquartered in Houston, Texas, is a holding company whose subsidiaries operate in diversified businesses such as natural gas, pipelines, construction and farm equipment (J.I. Case), shipbuilding, packaging materials, automotive parts and chemicals. Company revenues for the year ending March 31, 1992 are estimated at $14.5 billion.
 Kaufman & Broad, headquartered in Los Angeles, is the largest home builder in California and an important single family home builder in Paris. Company revenues were $1.22 billion for the year ended Nov. 30, 1991.
 Carolyn J. Cole, senior vice president and chairperson of the Focus List Committee, said about the selections, "Tenneco's expected turnaround is worth the wait; it represents one of the more interesting values among the industrials. Kaufman & Broad has steadily built its market share in California, and we believe that California's growth story will resume with the national economic recovery. We believe these companies would respond to an improvement in the economic environment, which we expect to see in the second half of 1992."
 To receive recent performance data or a complete list of stock on the Focus List and additional information about these stocks, please contact any investment executive at your 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.
 -0- 3/12/92
 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst & Company, 212-593-2655, for PaineWebber/
 (TGT KBH) CO: PaineWebber Incorporated; Tenneco Inc.; Kaufman & Broad Home ST: New York IN: FIN SU:


SM-KW -- NY081 -- 7596 03/12/92 17:53 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 12, 1992
Words:428
Previous Article:MEI DIVERSIFIED REPORTS FOURTH QUARTER RESULTS
Next Article:ALLIANCE IMAGING, INC. 1991 NET INCOME UP 84 PERCENT
Topics:


Related Articles
PAINEWEBBER OPENS REGIONAL MUNICIPAL INVESTMENT BANKING OFFICE IN CHICAGO
PAINEWEBBER ADDS TIME WARNER AND IVAX TO ITS FOCUS LIST
PAINEWEBBER ADDS R.P. SCHERER TO ITS FOCUS LIST
PAINEWEBBER ADDS READER'S DIGEST ASSOCIATION TO ITS FOCUS LIST
PAINEWEBBER ADDS GENERAL MILLS AND GENZYME TO ITS FOCUS LIST
PAINEWEBBER INCORPORATED ADDS RAYCHEM TO ITS FOCUS LIST
PAINEWEBBER AND COMERICA BANK TO FORM STRATEGIC ALLIANCE
PaineWebber Enhances Client Online Services for Affluent Investors.
PaineWebber Announces Online Enhancements.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters