Sure, It's A Weird Mix, But...By
After it announced plans to acquire Businessland in mid-July, JWP was beaten down to 15 a share, way below its high of 22 earlier in the year. But now JWP is regainng some strength and has edged up to 19. Several smart-money investors say the stock is a "sleeper," given the new tack that management is taking. The company has, for example, signed a sludge-disposal contract with New York City. Mixing computer stores with the sludge business may seem odd, but it will attract the Street's attention to JWP's strong underlying prospects, says one big investor, who thinks the stock will break above its 52-week high of 26 before yearend.
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