Barron’s cover story discusses Citigroup (C), saying that the co has put regulatory problems behind it and is beginning to execute on the growth strategy. The stock trades at cheap valuation, just 10.4x ’07 earnings. Citi fans carry stock-price tgts $60+.
Barron’s discusses favorably Newmont Mining (NEM), saying that as the co’s fortunes improve, its stock price should follow suit. The shares could easily be fetching $75-80 in 12-18 mo’s.
As pricing improves throughout the DRAM mkt, stocks of some manufacturers could climb by 30-50%. Infineon (IFX) and Micron (MU) both look poised for big gains.
“The Trader” column highlights Services Acquisition (SVI) that is acquiring the Jamba Juice smoothie chain. The co tgts fast growth and CEO believes that they are also able to boost margins in a few years. According to the article, it's noteworthy that some of the venture-capital investors who sold Jamba to SVI rolled their after-tax profits into SVI shares.