Business Editors
CHICAGO--(BUSINESS WIRE)--Jan. 28, 2004
The short-term market looks rather risky to Dennis Slothower, so investors should be cautious. But taking it slow doesn't mean standing still. Read this expert's market commentary and get two of his most recent recommendations. Read about K-Swiss Inc. (NASDAQ:KSWS) and Primus Telecom (NASDAQ:PRTL). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84
Here are the highlights from the Featured Expert column:
Dennis Slothower wants you to continue to play your cards conservatively, with risk management as a key priority. He has a few recommendations he likes this week, as short cycles appear to be strengthening here at the end of the month, but overall, the period of February into early March looks risky.
Slothower thinks the best thing investors should do is to wait for a low risk buying opportunity to develop. While the trend is very strong, his anticipatory indicators suggest the market is at maximum levels, where corrections tend to occur.
Stock Recommendations
K-Swiss Inc. (NASDAQ:KSWS) designs, develops and markets an array of athletic footwear for high-performance sports use, fitness activities and casual wear under the K-Swiss brand. For the nine months ended 9/30/03, revenues rose 49% to $121.6 million. Net income increased 85% to $15.1 million.
Primus Telecom (NASDAQ:PRTL) is a global facilities-based telecommunications services provider offering international and domestic voice, Internet and data services to business and residential retail customers and other carriers located in the United States, Canada, Brazil, the United Kingdom, continental Europe, Australia, India and Japan. For the nine months ended 9/30/03, revenues rose 25% to $948.9 million. Net income before accounting change and applicable to Common totaled $35.4 million vs. a loss of $5.2 million.
Get another stock recommendation from Dennis Slothower and make sure to read his complete market commentary by clicking: http://at.zacks.com/?id=85
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