Tabell’s Market Letter – May 13, 1949

TABELL'S MARKET LETTER lS WALL STREET, NEW YORK S, N. Y. Digby 4-4141 '4 ','In the event of a sharp upswing in the market, someof the issues which have suffered the greatest decline will undoubtedly have a substantial rebound 0 This is particularly true of some of the low-priced stockso With this idea in mind I am listing below a group of stocks selling under 15 a share that have declined to a price of less than one-third of their 1946 high. All of these issues are extreme speculations and should only be purchased by those in a position to assume large risks in the hope of above average profits. I have attempted to select only those issues that at present prices are not out of line with their pre-war price range and which have at least the beginning of a potentially constructive technical pattern.. '\ Last Aldens, Inc 0 14 5/8 Amero& Fgn Pr.2nd pf 8 1/4 American Stove 8 1/2 Baltimore & Ohio 9 1/2 Braniff 7 1/2 Budd Co 9 Capital Airlines 7 Columbia Pictures 11 East.Stainless Steel 10 1/8 Evans Products 7 7/8 Gar Wood 5 GenoPrecision 13 5/8 Newport Ind. 10 Northwest Airlines 9 1/4 Radio-Keith-Orpheum 8 1/2 Sun Chemical 6 1/2 Symington Gould 4 1/2 Twin Coach 5 1/2 Western Airlines 6 7/8 .1945-' 1946 High 51 3/4 44 1/8 38 7/8 30 1/4 37 1/2 26 3/8 49 3/4 36 3/1t 61 33 3/4 29 3/8 40 1/2 1t5 63 1/2 28 1/8 24 1/4 16 7/8 26 1/2 40 1/2 1949 Low 13 1/8 6 1/4 8 1/4 8 1/2 6 5/8 8 1/8 5 1/4 7 3/4 9 3/8 7 1/4 5 12 3/4 9 1/8 8 1/2 7 5/8 7 1t 1/4 5 1/8 5 May 13, 1949 EDMUND W0 TABELL WALSTON, HOFFMAN & GOODWIN Thl. memor5ndum Is not to be con.trued a. an offer or sandlatlon of offen to buy or sell any securities. From time to time Walston, Hoffman I Goodwin may have an Intered In .ome or all of the securities mentioned herein. The foreQolnQ materIal hal been prepared by us as a matter of Information only. It I. based upon Information belieyed reliable but not necenarlly complete, Is not quaranteed as accurate or final, and Is not Intended to foreclose Independent InQuiry.