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PAINEWEBBER ADDS SANTA FE PACIFIC PIER 1 IMPORTS AND BANK OF BOSTON TO ITS FOCUS LIST

 PAINEWEBBER ADDS SANTA FE PACIFIC
 PIER 1 IMPORTS AND BANK OF BOSTON TO ITS FOCUS LIST
 NEW YORK, May 6 /PRNewswire/ -- PaineWebber Incorporated announced today that it has added three companies to its group of stocks known as the PaineWebber Focus List. They are Santa Fe Pacific (NYSE: SFX), Pier 1 Imports (NYSE: PIR) and Bank of Boston (NYSE: BKB).
 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.
 Santa Fe Pacific, headquartered in Schaumburg, Ill., operates a major western rail system and has interests in pipelines and gold and coal mining. Company revenues for 1992 are estimated at $2.6 billion.
 Pier 1 Imports, headquartered in Fort Worth, Texas, is a specialty retailer that sells a wide variety of home furnishings and related items imported primarily from Asian countries. Company revenues for 1992 are estimated at $656 million.
 Bank of Boston, headquartered in Boston, Mass., is the 18th largest bank holding company in the U.S. and is the parent of First National Bank of Boston, the largest in New England. Company revenues for 1992 are estimated at $201 million.
 Carolyn J. Cole, senior vice president and chairperson of the Focus List Committee, said about the selections, "As we exit this recession, several industries are poised to benefit. We see the railroad industry in its best shape ever, and Santa Fe Pacific is a good way to participate. Additionally, we believe Pier 1 is a good play on the housing recovery. As for Bank of Boston, improvement in asset quality is substantial and continuing, thus we expect accelerated earnings for the next several years."
 To receive recent performance data or a complete list of stocks on the Focus List and additional information about those stocks, please contact any investment executive at your nearest PaineWebber office.
 PaineWebber Incorporated is one of the nation's leading full-service securities firm with 270 offices and 4,870 investment executives worldwide.
 SFX 5/6/92 $12-7/8
 PIR 5/6/92 $10-5/8
 BKB 5/6/92 $21-3/4
 -0- 5/6/92
 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for PaineWebber/
 (SFX) (PIR) (BKB) CO: Santa Fe Pacific; Pier 1 Imports; Bank of Boston ST: Illinois, Texas, Massachusetts IN: FIN SU:


LR-PS -- NY092 -- 7330 05/06/92 17:51 EDT
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Publication:PR Newswire
Date:May 6, 1992
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