Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, July 11, 2008

Article Excerpt

RUBY TUESDAY, $6.41, symbol RT on New York, rose over 18% this week after it reported fiscal fourth-quarter earnings that exceeded consensus expectations. In the three months ended June 3, 2008, earnings per share fell 41.3%, to $0.27 from $0.46 a year earlier. However, consensus forecasts were for earnings of just $0.20 a share. Sales fell 4.3%, to $341.4 million from $356.8 million. Ruby Tuesday plans to close 15 company-owned restaurants as their leases expire. The company owns and operates 721 Ruby Tuesday restaurants. Domestic franchisees operate an additional 170 restaurants, and international franchisees run a further 54 restaurants. The company is still re-positioning itself as offering higher-quality food but at higher prices. However, we think Ruby Tuesday will succeed in improving its menu, service and advertising to attract customers. Ruby Tuesday is still a buy. CAMECO CORP., $40.88, symbol CCO on Toronto, has agreed to join with Japan’s Mitsubishi Corp. to acquire Rio Tinto’s advanced-stage Kintyre uranium exploration project in Western Australia…