Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, March 7, 2008

Article Excerpt

The markets rattled many investors this week with steep one-day drops. At times like this, it’s good to remember that even when a further decline lies ahead, high volatility generally signals that it’s “a good time to buy”, rather than “a good time to sell”. It’s also encouraging to see that despite the steep one-day drops, most major market indexes are still at or above the lows they hit in January. UNITED TECHNOLOGIES INC. $67.49, New York symbol UTX, has launched a hostile offer to buy DIEBOLD INC. $37.51, New York symbol DBD. United Technologies is offering $40.00 a share in cash, or roughly $3 billion in total. United had cash flow of $5.1 billion ($5.16 a share) in 2007, so it can comfortably afford this purchase. Diebold’s building security operations would be good fit with United Technologies elevator, ventilation and fire alarm businesses. Diebold also gets 60% of its revenue from automated teller machines (ATMs). While big writedowns of mortgages…