Schwab: Firing On All Cylinders'By
Will Charles Schwab (SCH) stay on the comeback trail? Contrarian investor Bernie Schaeffer, who heads his own research outfit, thinks so. The stock tumbled from 77 in mid-April to 26 in October, partly because of doubts that the brokerage industry might not top last year's stellar advance. Schwab has since leaped to 57. The top U.S. discount broker and a fast-growing online trader, Schwab should hit 70 in six months and vault to 100 in a year, says Schaeffer. He probes for strong fundamentals. And he digs for evidence of skeptical sentiment, which he measures by the short position in the stock.
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