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Manchester, Ct W — MANCHESTER HERALD. Tuesday, July 5, 1983 TilANCHESTER LUMBER T 1 BUSINESS o ARM-U Assistant dean Is Whalers to face Savings banks nuts ovar pecans a rough camp enter new era ... page 11 ... page 9 ... page 21 New issue market booming all prices cash & carry • Sale Ends Saturday July 16, 1983 ^gPENSATj^ULY^^LOSEDMO^ and you can piay the game VANGUARD* SOLID VINYL SIDING Everyone knows the new-issue market is sizzling — LOOK AT THESE with the 277 companies joining the public ranks this year shooting up an average of 50 percent (way above COMPARISONS the Dow gain of around 18 >/4 percent). Cloudy tonight; Coior^oes ci*Bt Color It only on the turti^ce Manchester, Conn. But still to be reckoned with are these puzzlers: Dan Dorfman through clearing Thursday • At what point does the new-issue boom turn into a C«n I be eet'iy Shows tcralchtf dents Wednesday, July 6, 1983 d e m e g td new-issue bust? It always does. Can t corrode May corrode >1 im ish <% d am aged — See page 2 • And if you believe the boom is going to last for a Syndicated Easy lo dean DitticuU to remove steins without Single copy: 25<$ while — which most market pros believe — what’s the harming fmigh Columnist Hehuces no>se Ampiilies noise iHanrI|^atrr Hrralb best way to play the game now? D oes not COnfluCl Conoucis eiectf'C ty must For some answers, I solicited the thinking of Pressure Treated Lumber •'T f triC'ly be grounded Treated lumber ian’t just dipiHsI fir painted. Preserv.. 35-year-old Norm Fosback, the brains behind New tive it forced Into cells «if top iiuafity luml^r. So it Issues, a non-touty monthly newsletter out of Fort reaiats insects and weulher It's ready to use when vou 80 Per Square Lauderdale, Fla, It was the country’s hottest buy iL no more treatment necessary. Ideal for benches dMks, -tables—all outdotir urojtcls. Southern vellow All Colors performing investment newsletter in May — but more pine tre^T d with K-iW Osmi ami ‘49 Teens relevant, editor Fosback/ has a dazzling record of coming into the market. Most are not start-ups and ■tamped for^m picking winners during the nearly five years the have an extensive history of sales and profits. And letter’s been in business. many of those that do not have such an extensive 8 ' 1 0 ' 1 2 ' 14' 16' 18* 2 0 ' Execution Fosback’s latest view: The boom’s got at least history were well-financed during the period they 2 x4 2». 3- 4** 5” 6 * turning 9 0 . another six to 12 months to go. were private — thanks to huge venture capital 2 x 6 4 " 5 '* 6 « 7 *' 8 ’* 1 2 - But before presenting his thinking, let’s look at his financing. 2 x 8 6 " • 6** 9^ 9^ I!” performance. OK, since Fosback’s a bull and a winning stock 2 x 1 0 7 “ 14** 19*’ Since starting in September of ’78, New Issues has picker, I asked him to name his 10 favorites — new to LSD recommended 137 stocks. All told, 113 are up, 24 are i 8 « issues that came out during the past 18 months. And lt.you re thinking you never want to pamt your speed-up A n d 5*' 7 « ><F* down. The average gain of all of them — factoring in from those 10, I asked him to pick his top three. house again lai us show you how to get the bast the current price of those still held and the The 10 — with Fosback strongly recommending a 1 x 6 3- 4 " combination of beauty durability*and protection LOS ANGELES (UPI) - Young with VANGUARD’ SCUD VINYL SlOiNO people, skeptical about “bad trip” recommended sale price of those liquidated — is package of new issues to help minimize the risk, and a ^ 1 x 8 4** 6** an parts a cdcrs slock exactly 150 percent, Fosback tells me. 'The Dow in the longer term investment strategy (2 to 3 years, and in drug stories from the psychedelic same period is up around 30 percent. ’60s, are starting an LSD renais­ some cases, 5 to 10 years) — are as followes; sance in major cities that will Last year. New Issues made 19 buy recommenda­ Altos Computer (18); Biogen (ISV4 ); Data Switch REPLACE VDUR LEAKY tions; Of the 19,18 are up, one down. The average gain Wood Fencing spread across the nation, a drug anticipated (38>/i); LSI Logic (30>A); MASSTOR Systems (30>/4); DRAFTY R \nO DOOR from the offering price: 127 percent, reports Fosback. On-Line Software (21’/»); Priam 22*A); Quality Micro expert says. The average holding period was 10 months. Systems (19V4); Rehab Hospital (19'/4) and Technol­ WITH THE ONLYGUDING DOOR UCLA psychopharmacologist WASHINGTON (UPI) — The White said, that ”is not to suggest ogy For Communications (19>/4). BUILT LIKE AN Dr. Ron Siegal said Tuesday the Supreme Court, in a major death that its course should be accepted OF THIS YEAR’S 17 recommendations, 16 are up, His top three; Biogen, Priam and Rehab Hospital. l i i resurgence in LSD popularity penalty ruling, upheld 6-3 today a as the norm or as the preferred one down. The average advance: just over 75 percent. Biogen, which went public in March at $23 a share, is Andersen w in d o w “appears to be ubiquitous through­ new legal shortcut that could procedure.” A lesser, but still substantial ’83 gain — 53 percent — Fosback’s only losing new issue this year. The Andcrtcn IVrma-ShiclJ out all classes of society and ail age accelerate the pace of executions Instead, White suggested thd sliding patiu dourt built by groups. But I would say the is reported for New Issues by the Hulbert Financial company is viewed as one of the big four in the Window Beauty p<.*oplc. nationwide. appeals court adopt clear guide­ Digest, a Washington, D.C., outfit that tracks the bio-technology (or genetic engineering) — the area built to the tame kiandardt Cedar Stockade majority of the users we’ve seen Acting in the case of Thomas lines for the “fair and efficient ay Andersen windows are under 40.' performances of the leading investment newsletters. rated by Fosback as the single- greatest growth • Snug liiling design Barefoot, a Texas murderer who consideration” of last-irfinute Fosback attributes the discrepancy to two things: industry - for the balance of this century. Any • Energy-saving double-pane Privacy Fence "It’s a recreational use, an came within U hours of execution death penalty appeals but said ' insulating glass infrequent use. They’re used, but (1) Hulbert ignores a ’’hold” recommendation; it meaningful profits, though, are several years away. • Low-maimenaiKe vinyl in January, the justices in essence they may include ’’procedures that assumes that a hold is, in effect, a sale; (2) Hulbert But given a longer range investment view. Biogen, sheathing in white o r' infrequently abused.” ruled he did not deserve a last legal allow a decision on the merits of an Tcrraiooe”' color Los Angeles police said the rates new issues from their initial trading price, not Fosback believes, has the potential to be a $100 stock • Spceially-si/ed lor tasi. easy appeal and could have been put to appeal accompanying the denial of the offering price. in three to five years. intiallation-no rciraming highest abuse seems to be among death. See related story on page a stay.” In May, according to Hulbert, New Issues led the or re-siding necessary in high school students, attracted by 19) Barefoot’s case raised the issue most cases the ease with which hallucinogens newsletter pack with a gain of 19 percent vs, a PRIAM, WHICH makes high-performance disc Slop by foro free cslioiolc or literature, and sec our In a surprising action as the high of how last-minute requests for same-period drop of 2,1 percent in the Dow. drives that are used to store data in large-scale coiwpItH Andersen window and gliding door display. can be obtained and their court concluded its 1982-83 term, stays of execution should be Now to Fosback’s thinking; computer systems, earned 5 cents a share in its June convenience. the justices did not rule on the handled by federal appeals courts, The new-issue market, he observes, rises and falls ’82 fiscal year on sales of $30 million. Fosback’s fiscal Come home to quality. Greater sophistication among controversial Sony "Betamax” generally the next-to-last hope for with the market itself. And what we’re unmistakably ’83 forecast; 20 to 25 cents a slure on sales of $65 Come home to A ndei^. #1 dElDAR — sturdy dow­ drug users, refinement of hallucin­ case involving home videotaping condemned prisoners. seeing is greater investor confidence — with lots of million. The fiscal ’84 projection^! a share or better ogens and fewer “bad trips” are of television programs. Without The topic grows in import as eled construction means no nailing. responsible for the West Coast money moving from conservative to more on a volume of $125 million to $160 million. Extra wide 3V4" and extra thick explanation, they set the copyright more and more condemned prison­ speculative-type investments. Given the market’s current willingness to reward trend toward LSD, PCP and other controversy for reargument next ers exhaust the last of their “Ultimately, all new-issue booms become new- such fast growth with well-above average price- pickets for a longer lasting fence.
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