Is A Prowler Casing Pittway?By
Bottom-fishing, says value investor Scott Black, president of Delphi Management in Boston, is the way to go right now. So far, his catch has been handsome: He snapped up 150,000 shares of Tommy Hilfiger when it dropped to 34 in mid-October, down from 70 in late June; it has since risen to 40. And when Ross Stores, which hit 50 in July, fell to 24 in October, Black bought 225,000 shares. It's now 34. What's Black's latest find? Pittway (PRY), a maker of burglar- and fire- alarm equipment.
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