I am retired and take educated guesses on all things financial.

June 24, 2007

June 25, 2007: Inexpensive growth stocks...a random walk.Sub-prime advice.

Two thoughts before I proceed with a screen I ran today.

1. If you can't dazzle them with brilliance, baffle them with bull shit.
2. If enough crap is thrown against a wall, some of it will stick.

In this choppy market, sometimes fresh ideas help.

The following stocks have growth rates better than 25% and relatively low PE and PEG ratios:

Transocean (RIG)
Net Servicos de Communicacao S.A. (NETC)
Global SantaFe Corp. (GSF)
Pride International (PDE)
Atwood Oceanics (ATW)
Denny's Corp. (DENN)
Noble Corp. (NE)
Penford Corp. (PENX)
Brush Engineering Material (BW)
EPIQ Systems, Inc. (EPIQ)
Casual Male Retail Group, Inc. (CMRG)
Gold Fields Ltd. (GFI)
Diamond Offshore Drilling, Inc. (DO)
The Medicines Company (MDCO)
TETRA Technologies, Inc. (TTI)
American Oriental Bioengineering,Inc. (AOB)
RTI International Metals (RTI)
Greif, Inc. (GEF)
Ultra Clean Holdings, Inc. (UCTT)

New ETF and ETF-type funds keep hitting the investment market. I am a firm believer of the free market and choice. However, I have a gut feeling that many of the recent entrees have all the hype of the NFL, and the quality of a Yugo. I will comment on some from time to time. Right now, I would be watching your nest egg very carefully. We are not at the Jimmy Carter stage of malaise - far from it. Diversifying your investments to include rental real estate, which is on sale on a street near you, is a choice I have recommended to individuals who like the 20% or more return.I have increased buying real estate. The sub-prime panic (not a problem now, IMO) is exactly what you should be buying into.Make money when the buffoons have to sell.

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