The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By David Sterman
NEW YORK (StreetAuthority) -- In the market's remarkable run-up in the past two years that saw the major averages roughly double from the March 2009 lows, an increasing number of investors have looked to take profits in some of their best picks. As a result, some of these stocks have lost their momentum and have pulled back from recent peaks.
Here are three names I've been watching that are now quite nicely priced.
1. JetBlue (BLU)It's been quite a while since anyone called this low-cost airline a "growth story." Sales growth has been steadily decelerating from about 40% in 2006 to about 15% in 2010. But maturity has its benefits. Management has slowly learned how to squeeze more profits out of each customer by optimizing its route map, charging extra for certain seats and tightening requirements for its frequent-flyer program. That's why EBITDA growth has exceeded 10% for four of the past five years and may actually accelerate in 2011 and 2012.
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