Chaparral Steel Company's Stock Jumps
20% in Last Two Days
01/24/2006
Positive comments from Barron's this weekend
has caused the stock of Chaparral Steel Company (CHAP) to
climb 19.8% over the last two days, pushing our gain in the
stock to 85%. Trading volume was four times the steel company's
average trading volume.
In part II of Barron's 2006 Roundtable,
Meryl Witmer of Eagle Capital Management said that Chaparral
could be a major player in rebuilding America's neglected
infrastructure. She cited Chaparral's strong management, competitive
prices, and diversified product line. She also stated that
the company's "outlook is extremely bright" and
gave the steel company a 2-year price target of $50-$60 per
share. Witmer's 2005 Barron's picks were all winners. The
stock closed at $34.90 last Friday and today closed at $41.80.
Chaparral was added to our Primary
Stock Portfolio in late October and its stock has risen
84.96% in three months.
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