ChampionMichael Lamb, Wealth Monitors, Mo., likes Champion...

STOCK WATCH

November 28, 1990|By Opinions on stocks offered by investment experts.Compiled by Steve Halpen for Knight Ridder

Champion

Michael Lamb, Wealth Monitors, Mo., likes Champion International (CHA, NYSE, around $24) as a long-term investment.

"Champion, one of the leading U.S. makers of paper for newspapers, publications, and business communications . . . currently trades 30 percent below book value . . . further, this value is likely to be understated due to the replacement cost of the company's plants as well as the liquidation value of its timberlands. Those who invest in this stock should have a time horizon of at least two to three years."

Gillette

Zweig Performance Ratings Report, New York likes Gillette (GS, NYSE, around $57).

"Gillette, one of the world's largest consumer products firms has seen substantial growth in sales and earnings in recent years. In its latest quarter, the firm earned 80 cents per share, up from 57 cents in the year earlier period. Sales for the period were up 11 percent. Meanwhile, sales should receive an additional boost as the weaker U.S. dollar bolsters the firm's position in foreign markets. We recommend purchase."

Wells Fargo

Geraldine Weiss, Investment Quality Trends, California, says long term investors will benefit from Wells Fargo (R, NYSE, around $53).

"Last year Wells Fargo sold or charged off all of its third world and foreign debt, leaving it virtually without exposure to foreign debt . . . While there may be some risk involved in this stock, the danger is not extreme, and the investment value is bankable. Based on the current dividend, the stock could rise 200 percent before reaching its historically overvalued levels."

Assix International

Individual Investor, Special Situations Report, favors Assix International (ASIX, OTC, around $2).

"Tampa-based Assix markets an advanced wheel-balancing system to auto-tire dealers . . . Thanks to new links with Sears Automotive centers, revenues and earnings skyrocketed last year. Wall Street has not recognized the firm's potential . . . International expansion, along with continued penetration of the U.S. market, should allow Assix to become a much larger company within the next few years. We rate the stock a buy."

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