Stockpickr: Stocks Set for an Upside Surprise

01/26/07 - 08:26 AM EST

James Altucher

But analysts are still calling for $4.07 per share in earnings in 2007, giving it a P/E ratio of slightly more than 7, which puts it in takeover territory.

I'm not the only person who thinks that. Chapman Capital, one of my favorite activist funds, has been buying the stock. Bob Chapman, whom I've mentioned before, is notorious for the letters he fires off to management. He once told me that the night before he files one of these letters, he always gives the CEO a call and tells him, "Your life is about to change." Yesterday, Chapman fired off a letter to Cypress Semiconductor(CY Quote - Cramer on CY - Stock Picks) demanding that the company put itself up for sale.

Check out Chapman's fully disclosed holdings and updates on his activist positions. Also, to be notified whenever his Stockpickr page is updated, just bookmark it by rating it with four stars. Check out the rest of the stocks on our Most Likely to Surprise list. Additionally, you might want to check out our Stocks Most Likely to Disappoint list.

Stockpickr tip of the day: I read a number of blogs every day in order to complete my daily Blog Watch column. It's hard to keep track of all the best financial blogs, particularly because many bloggers drop off the face of the earth after a few months of blogging. On the Stockpickr blog, I keep track of my 100 favorite financial blogs. I plan on updating that list soon, but if you click on the link above, what you'll see is current. Feel free to email me with any suggestions.

1 2 3
Next Page »
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas