Tuesday, September 29, 2009

9/29/09 Picks

Mike Newell - MNEWE

Due to the long time between films for most directors, their stocks often fall far below their value. Mike Newell is a steady working director, releasing films every 2 or 3 years, yet MNEWE is more than $14 below his current tag. The next film to fall out of TAG range will be Donnie Brasco, which grossed a little over $40. Once MNEWE corrects after the release of his next film, Prince of Persia, he will reach $65.34 a share, a modest but safe gain of $6.21 per share (10.5%) in about half a year. This won't set your portfolio on fire, but it is significantly better than letting the cash gain interest. Additionally, if Prince of Persia is the hit Disney is banking on, this stock could soare much higher. But even if Prince of Persia doesn't make a dime, MNEWE is a good buy.

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