Updating Gamestop Corp., Gannet Co. Inc., Canon Inc. ADR’s, MTS Systems Corp. and Weyerhaeuser Co.

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GAMESTOP CORP. $50 (New York symbol GME; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 159.0 million; Market cap: $8.0 billion; WSSF Rating: Extra risk) earned $0.13 a share in its second fiscal quarter ended August 4, 2007, up sharply from $0.02 a year earlier. Sales rose 35.0%, to $1.3 billion from $963.3 million, while same-store sales grew 29.1%. Most of the growth is due to strong sales of new game machines from Sony, Microsoft and Nintendo. Demand for used games is also high, and accounts for half of GameStop’s profit. But at 34.7 times its projected fiscal 2008 earnings of $1.44 a share, the stock is vulnerable to unexpected product shortages or delays in the release of new games. GameStop is a hold. GANNETT CO. INC. $48 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 232.9 million; Market cap: $11.1 billion; WSSF Rating: Above average) has a lot of appeal for its value. It’s also attracting interest as a takeover…