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PAINEWEBBER ADDS BAKER HUGHES AND WASTE MANAGEMENT TO ITS FOCUS LIST

PAINEWEBBER ADDS BAKER HUGHES AND WASTE MANAGEMENT TO ITS FOCUS LIST
 NEW YORK, Dec. 18 /PRNewswire/ -- PaineWebber Incorporated announced today that it has added two companies to its group of stocks known as the PaineWebber Focus List. They are Baker Hughes, Inc. (NYSE: BHI) and Waste Management, Inc. (NYSE: WMX). The Focus List is a dynamic, carefully chosen list of select companies that the firm has rated buy or attractive.
 Since inception in 1982, the Focus List was up 611 percent (A) through the end of September 1991 on a total return basis. This performance compares favorably with that of the S&P Index at 371 percent.
 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.
 Baker Hughes, headquartered in Houston, is a leader in several critical oilfield products and services. Company revenues for the year ended Sept. 30, 1991 were $2.8 billion.
 Waste Management, headquartered in Oakbrook, Ill., is the leader in solid waste management services in North America and has a majority ownership in Chemical Waste Management and Wheelabrator Technologies, a leading waste-to-energy firm. Company revenues were $6 billion in 1990, and are projected to rise by 13-15 percent in 1992 and beyond.
 Carolyn J. Cole, senior vice president and chairman of the Focus List Committee, said about the selections, "Baker Hughes is an important company in one of the most interesting areas of the market for value- oriented investors. Waste Management is a dominant company in its industry and has exciting growth opportunities, especially in the international arena."
 Jim Carroll, PaineWebber's oil services analyst, said about Baker Hughes, "Dominant market share, excellent management and strong finances should stand Baker Hughes in good stead in the months and years to come."
 Robert Miner, PaineWebber's pollution control analyst, said about Waste Management, "Waste Management is in a superb position to gain market share because of its capital strength, superior management, large landfill network, ability to integrate its services and its broad geographic diversity. Earnings growth should accelerate to a 15 percent secular rate after the recent slowdown."
 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 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.
 NOTE:
 BHI 12/17/91 price $19-1/4
 WMX 12/17/91 price $39-3/4
 (A) -- Total return is a measure of capital appreciation plus dividends for the period from 4/16/82 through 9/30/91, excluding commissions. Adjustments for commissions would significantly reduce total return. Of course, past performance is no indicator of future results. Complete records of all transactions and details of methodology are available upon request.
 -0- 12/18/91
 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for PaineWebber/
 (BHI WMX) CO: PaineWebber Incorporated; Baker Hughes, Inc.; Waste Management,
 Inc. ST: Texas, Illinois IN: SU: SH-FC -- NY061 -- 3532 12/18/91 15:48 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 18, 1991
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