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CNBC Stock Blog
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Bob Auer of the Auer Growth Fund has some definite standards for choosing stocks. He gets a chance to use them every earnings season — and this tough time is no exception.
"What we're looking for, when this earnings season unravels, we want to see if we can find any companies that had an up-25-percent quarter, an up-20-percent on revenues, that we can buy at reasonable valuations, usually below 12 P/E," he told CNBC. "We're looking for fast, explosive-growing companies at very cheap prices."
Recommendation:
"We own a stock called Hudson City Bancorp [HCBK
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Hudson City, a regional bank in the Northeast, is in the mortgage business — but it does not make any mortgages it is not willing to hold itself.
Disclosures:
Disclosure information for Bob Auer was not immediately available.
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Hudson City vs Other Regionals:
Fifth Third Bancorp [FITB
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KeyCorp [KEY
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PNC Financial Services Group [PNC
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First Niagara Financial Group [FNFG
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