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Just got my "Money Daily" e-mailed ( from www.infobeat.com) and they've
got an article on the new European Dollar that's supposed to be the
standard currency for Europe in a short 11 months. A couple stocks are
recommended that might shine during all the confusion. If you slide
over to www.infobeat.com there's a lot of free e-mail they'll send you
daily. You can set up a portfolio and get e-mailed prices daily. If
your stock has news on it, that'll show up too. World currencies,
precious metals, some futures. Here's a couple stocks in the article :
"How can you invest in this theme? Kugel recommends looking for
companies that offer consulting as well as packaged applications.
Four software companies in the field that Kugel likes are Baan
(NASDAQ: BAANF), a Dutch company; the Germany-based SAP A.G.
(NASDAQ: SAPHY); and the American companies PeopleSoft (NASDAQ:
PSFT) and Hyperion (NASDAQ: HYSW).
Three of them look fairly pricey, given the recent run up in tech
stocks. So it may be worthwhile to wait for them to pull back.
Baan, for example, has a forward price/earnings ratio of 71
compared to a long-term growth rate of 44%. Likewise, PeopleSoft
has a forward P/E of 66, compared to a growth rate of 46%. And
SAP's 18% growth rate is dwarfed by its P/E of 66. Only Hyperion,
with a P/E of 28 and growth rate of 28%, comes out with a ratio of
one, a measure often used as a cutoff point when deciding whether
stocks are over valued."
Joe M
jlm4@xxxxxxxxxxxx
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