Matthew Shapiro
President, MWS Capital LLC
Chicago, IL www.mwscapital.com
Stock Picks 6-20-08
United Technologies: UTX $69
A great way to take advantage of the continued correction in the market is to take a look at adding a solid Blue Chip that may have been overlooked over the last few years. United Technologies is trading near a 2 year low with an attractive 13 PE and a range of worldwide businesses such as Otis elevators, Carrier air conditioning, Sikorsky helicopters and Pratt & Whitney. Its combined dividend and share repurchase yield of nearly 5% provides an excellent long term cushion for an improvement in sentiment.
Boston Properties: BXP $97
Boston Properties is another way that I am taking advantage of the low market to get into hard assets at good levels: in this case signature skyscrapers in Manhattan, some of the most prized real estate in the world. Again there is a good dividend to collect and the confidence of the large personal stakes of co-founders Mort Zuckerman and Ed Linde. BXP recently pulled off the historic purchase of the GM building from distressed developer Harry Macklowe, in a clear case of strong hands making a superb acquisition in a buyers market.
CrisisOasis Channel Does the economy have you feeling blue? Tune in here and relax to a never-ending stream of soothing sounds, confident that WBBM NewsRadio 780 is watching the economy and reporting to you 24 hours a day.
Face The Nation: CBS News Chief Washington Correspondent Bob Schieffer hosts "Face the Nation." Twenty three days and counting till Election Day. Doug Wilder, the Democratic Mayor of Richmond, Virginia; Colorado Governor Bill Ritter; Republican Congressman Adam Putnam of Florida; and one of John McCain's closest advisors, South Carolina Senator Lindsey Graham.
Chicago's Reputation On The Run The Chicago Marathon Race director, Carey Pinkowski, says this is a good example of how Chicago could handle the Olympics.The 26.2-mile course starts in Grant Park near Buckingham Fountain, then heads to the North, West and South Sides before returning to Grant Park. A CBS Radio report.
Transit Hikes At Issue The Chicago Transit Authority may not be the only transportation agency planning to hike its fares. WBBM's Craig Dellimore reports. RTA Chairman Jim Reilly and CTA President Ron Huberman are the guests on WBBM NewRadio's At Issue program, heard tonight at 9:30.
Weis Attends Roll Call In a move to shore up morale among rank and file police officers, Chicago Police Superintendent Jody Weis attended a roll call for officers last night across the street from where a teenage girl was fatally shot a week ago on a CTA bus.
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Top News
UPDATE: Teen Who Made Up Palos Hills Rape Agrees To Community Service The teenager who perpetrated a fraud in an
accusation of abduction and rape has agreed to do community service as
penance, her attorney said.
T. J. Grinders owner Mark Holda endured public criticism in the days
following the girl’s accusation, as residents questioned why he had
allowed the girl to work alone at night.
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