Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, February 8, 2008

Article Excerpt

It was an unsettling week, but the market ended up in the middle of the range it has stayed in since its January 21 plunge. No one can predict these things consistently, but I still think we are much closer to a bottom than a top. To put it another way, if I had to choose between “buy” and ”sell”, I would definitely say “buy”. DIEBOLD INC. $25.49, New York symbol DBD, plans to cut its workforce by 5%, mainly due to slow demand for its electronic voting machines and delays in installing a lottery system in Brazil. This latest move is in addition to Diebold’s earlier plan to cut costs by $100 million over three years. Diebold has not issued financial statements since April 2007, due to an SEC investigation into the way it recognizes revenue from sales of ATMs and surveillance systems. The company expects to catch up with its reporting in the next few months. Meanwhile, preliminary revenue for…