10 Stocks Expected to Double Amid QE2
BOSTON (TheStreet) -- Quantitative easing -- the government buying securities to support the economy -- looks more certain by the day. Stocks may rally if so-called QE comes to pass. Investors ought to consider purchasing riskier stocks because they typically would rise more than the broader market. Here are 10 candidates predicted by analysts to double or triple in the next 12 months. They're ordered by their projected return, from big to biggest.
10. Gannett (GCI) publishes newspapers, including USA Today, operates broadcasting stations and manages Web sites. Second-quarter profit nearly tripled to $195 million, or 73 cents a share, as revenue declined 1.6% to $1.4 billion. The operating margin rose from 15% to 20%. Gannett's stock trades at a trailing earnings multiple of 6, a forward earnings multiple of 5.4, a book value multiple of 1.6 and a cash flow multiple of 3.3 -- 74%, 82%, 58% and 80% discounts to media peer averages. Around 75% of analysts rate the stock "buy" and 25% rank it "hold."
Bullish Scenario: Noble Financial predicts that Gannett's stock will double to $27.
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