Growth Stocks Discovery & Information Systems
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- November 2000 Stock Selections
- CIGNA Corporation (11/24/2000 Selection)
- Beazer Homes USA Inc. (11/24/2000 Selection)
- Doral Financial Corp. (11/17/2000 Selection)
- TCF Financial Corp. (11/10/2000 Selection)
- RennaisanceRE (11/3/2000 Selection)
ACES’ November 24, 2000 Selection:
ACES have two picks for the Thanksgiving week. The first stock, CIGNA Corporation is in Insurance and the second, Beazer Homes USA, Inc. is in Construction Services. CIGNA has an ASG of 10.0000. Beazer Homes has an ASG of 13.0099.
CIGNA Corporation. (Sector: Financial; Industry: Insurance (Accident & Health)). Products/Services: Managed and indemnity health care coverage; group life, accident and disability insurance; retirement services; investment management; and (in selected international markets) life insurance and employee benefits.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 10.0000
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $123.30 per shr. (As of Nov 24 1:02:06 PM EST)
Beazer Homes USA, Inc. (Sector: Capital Goods; Industry: Construction Services)). Products/Services: Designs, constructs, markets and sells single family homes in the Southwest, Southeast and Mid-Atlantic states (Arizona, California, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee and Texas); originates mortgages for its buyers through a subsidiary; and provides title insurance in Florida through another subsidiary.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 13.0099
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $31.13 per shr. (As of Nov 24 12:50:34 PM EST)
ACES’ November 17, 2000 Selection:
The financial sector is on a roll this month. ACES 3rd stock pick for November, Doral Financial Corp. (NASD Ticker: DORL), is also in the banking business. DORL has an ASG (ACES Stock Grade **) of 11.0061.
Doral Financial Corp. (Sector: Financial; Industry: Regional Banks). DORL is a mortgage-banking financial services company that has its main offices in Puerto Rico. Main business: originates, purchases, and sells mortgages on single-family residences; issues mortgage-backed securities for sale and investment; and purchases and sells the servicing rights to residential mortgage loans, construction loans, and loans secured by commercial real estate.
Principal source of revenues: loan servicing, mortgage origination fees and interest. Nearly 90% of loans are originated in Puerto Rico. Subsidiaries: Doral Bank, which offers commercial banking services, and Doral Securities brokerage. U.S. mainland operation provides mortgage banking (Doral Money, NY) and banking (Doral Bank, NY). DORL started operations 27 years ago as a stand-alone mortgage banking company in Puerto Rico. (Organizational chart: Business groups & companies).
Address: #1159 Roosevelt Ave., Puerto Nuevo, P.R. 00920; Tel: (787) 749-7100; Fax: NA; Email: NA; Web Site: http://www.doralfinancial.com.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 11.0061 (4th highest ASG to date)
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $17.44 per shr. (As of Nov 17 3:40:48 PM EST)
ACES’ November 10, 2000 Selection:
The banking sector has given ACES its 2nd stock pick for November: TCF Financial Corp. TCB has an ASG (ACES Stock Grade **) of 10.0015.
TCF Financial Corp. (NYSE: TCB; Sector: Financial; Industry: Regional Banks). TCB is a bank holding company for TCF National Bank and TCF National Bank Colorado. TCB's banks offers banking services through more than 345 branch offices in Colorado, Illinois, Michigan, Minnesota and Wisconsin. Deposit services provided: NOW accounts, certificates of deposits, and savings acount. Loans provided: residential real estate, commercial real estate, business loans and consumer loans. Other subsidiaries' businesses: real estate, mortgage, investment, and insurance.
TCB claims to have the 4th largest supermarket banking system, the 6th largest off-site ATM network, and the 13th largest issuer of VISA® debit cards. TCB is based in Minnesota.
Address: 801 Marquette Ave., Minneapolis, MN 55402; Tel: 612.661-6500; Fax: 612.745-2773; Email: NA; Web Site: http://www.tcfbank.com/.
Closing Price (11/10/00): $40.31 per shr.
Fundamentals*: Profit Margin - 20.09%; Management Effectiveness - 22.10% ROE; Earnings (EPS) - 2.24; Price/Earnings - 18.01; Total Debt/Equity - 0.07; Market Cap - $3,238.32M; No. Employees – 7,200.
ACES Stock Grade (ASG)**: 10.0015 (3rd highest ASG to date)
* - Numbers are approximate.
** - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
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