Filed under: Citigroup Inc. (C), Merrill Lynch (MER), Goldman Sachs Group (GS), Bear Stearns Cos (BSC), Stocks to Buy
With the market continuing to get pummeled, the question is when to start testing the investing waters again and then, which stocks to pick. As any seasoned fisherman can tell you, when you go bottom-fishing you can end up with all kinds of undesirable fish. You need to be careful to try and hook something edible. For all you bottom-fishing investors out there who are chomping at the bit to put some of your spare cash to work early in the week, here are 2 stocks that are sure to be keepers.
Weight Watcher’s International Inc. (NYSE: WTW) is the world’s leading provider of weight management services. With all the different diet-fad’s coming and going, it’s Weight Watcher’s program that continues to help take off unwanted pounds and add wanted profits. Last week the company beat earnings estimates and said ‘08 is shaping-up (pardon the pun) to be another good year.
For the third quarter of ‘07, net revenues increased 18.5% or $52.7 million to $337.5 million, up from $284.8 million in the third quarter of ‘06. Fully diluted earnings per share were up 19.2% in the third quarter of 2007 to 62 cents versus 52 cents in the prior year period.
Historically, the end of the year and start of the new year has been kind to WTW shareholders as people throughout the world try to make good on their new-years’ resolutions to lose weight.
Continue reading Bottom fishing? Here are 2 stocks that are keepers
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