Quality & Profit

Article Excerpt

Our focus on high-quality stocks has produced major gains for our readers in the past few years. Our choices have done well in the market, but they have also attracted more than our share of takeover bids. That’s because the high-quality stocks we recommend generally offer a combination of high potential and low risk. That’s the main goal of many corporate takeover specialists. Recently, two of our long-time recommendations have agreed to friendly takeover bids. Both deals should wrap up by the end of 2006. GOLDEN WEST FINANCIAL CORP. $76 (New York symbol GDW; Conservative Growth Portfolio, Finance sector; WSSF Rating: Average) plans to merge with Wachovia Corp. (New York symbol WB) in a cash-and-stock deal currently worth $77.24 per Golden West share. We first recommended Golden West in our December 1999 issue at $16.83 (adjusted for splits), which works out to a 359% gain. We’ll say more about Wachovia before the deal closes. In the meantime, Golden West is a hold. ACE CASH EXPRESS…

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