High as a Kite

Fellas - we have 3 stocks trading at their 52 week high. Just want to open discussion on this in case some of you weren't aware. I suggest we all look at them over the weekend and see if we want to stay in the game or sell/rebuy on next dip.

AXAS, IMAX, WTR - all are trading at or near 52 week highs.

-PREZ

Thick head, smooth shaft

Gents my selection is nearer and dearer to you all than to me. No, it's not Jesus Incorporated. Callaway Golf Company (ELY) has a presence in 110 countries selling equipment and apparel under the Top Flite, Odyssey, Ben Hogan and of course the Callaway name. They just recently announced a corporate restructuring to occur over the next eighteen months in response to the shifting economy. The concept has focused on streamlining production and distribution throughout North America, as well as manufacturing initiatives in Europe and Southeast Asia. Projected revenue forecasts that international business will generate more than half the company's revenue as early as 2012. Closer to home, they launched Calloway Golf Preowned for players to buy certified used product who may not be able to otherwise afford it. With the season winding down, I recommend we scoop this affordable company, let it hibernate and roll it in six months when the winter breaks.

AA....what night is your meeting?

Guess whos back, back again! AA. I would like to recommend our old friend Alcoa. Alcoa posted their earnings today and that help push the stock up to 12.89. from the low 12's. they company has recently raised its expected annual global aluminum forecast from 12 to 13%. I think we should jump on it this time around. The are the giant of the aluminum industry and think this company will continue to grow as money is spent for their type of products. check out this article

http://www.minyanville.com/businessmarkets/articles/alcoa-stock-tupperware-expedia-99-cent/10/8/2010/id/30476

great info

Extra, Extra, REIT all about it!

My choice for Q4 2010 is UDR, Inc. (UDR). UDR, Inc. is a REIT (Real Estate Investment Trust) that owns, manages, and operates nearly 46,000 apartment homes primarily in other parts of the country than the Northeast, however the basis for my decision to recommend this stock now is their recent change to thier portfolio - entry into the Northeast market.

The Northeast market is considered a "High Barrier to Entry" market, meaning that the costs are substantial and the relationships are also difficult to make in order to enter the apartment market, primarily in Boston and New York City. UDR recently completed the purchase of two properties both luxury communities, one located downtown Boston and the other in Braintree. There is a 3rd on the way in Needham/Natick area. I can personally attest to the rental markets in those cities as being very strong, Natick/Needham and Boston more so than Braintree. It is my opinion that UDR will continue this trend of entry into these markets and will be poised to make huge gains in revenue and profit from their new strategy.

I will discuss more when we meet, but for now please feel free to read more on UDR at their website (www.UDR.com) and on google finance (http://www.google.com/finance?q=NYSE:UDR)

Progressive

My stock selection for this quarter is Progressive Corp (PGR). You all have seen their annoying commercials with Flo - the insurance rep. They have been marketing like hell the last year or so and they are expanding into more and more states. Our portfolio lacks any insurance companies and i think we need to get on board. These companies make money - and almost every state requires car insurance in order to drive. I chose Progressive because I think they are on the rise and the more states they expand into, the more customers they will have. They have good financials; a nice PE 13.00 and a good profit margin and return on assets.

I will tell you more about this stock on Sunday - but I think this is good move for us to make some money and diversify our portfolio. See you all in the 'Ric