HondaReport.com - Pupule finds more stock boomers

Not exactly a Top 10, but after scouring through dozens of stocks the past few days, there are five more that I really, really like. That makes this a Below-Top-10-Next-5 list. Can't go wrong. Unless Kim Jung Il wins Last Comic Standing. Then we're all in trouble.

OK, all right, I was fried brains on Sunday, less than 24 hours removed from a busy stretch, to say the least.

So what did I do on a lazy Sunday afternoon. I vegetated. And I finally went back to the spreadsheet and started hunting down data on a few of these stocks that I've jotted down since the last bit of research. (That was about two weeks earlier on Memorial Day.)

My results? Well, not so bad. Coupled with some stocks I looked up yesterday, there are a few B+ level stocks I really like, as well as an A- that I first fell in love with months ago.

Foster Wheeler (FWLT)
Grade: A-
I started following Foster Wheeler's pps months ago and never got it. Boohoo. But this company continues to show promise of tremendous growth: 78% quarterly revenue increase, 684% earnings growth, and '07 eps of $5.95. Also, owned 81% by institutions, trailing P/E of just 20, forward P/E of only 17. Overextended pps? Maybe. But watch it closely, even at $102!

Focus Media Holdings (FMCN)
Grade: B+
Another company I started following months ago (early '07). Focus Media has a great opportunity to be the advertising Goliath of the Middle Kingdom. With a market cap of $4.9 billion and a P/E of 53, it seems bloated, but again, I must emphasize the potential Goliath status. Profit margin (37%) and operating margin (34%) are excellent. Quarterly revs (75%) and earnings growth (72%) are off the hook! Only 16% owned by institutions, which is a plus in this instance. I want in.

Flowserve Corp. (FLS)
Grade: B+
Specialists in flow pumps. I had idea what that meant. Uhh... flow of digital storage data? No. Oil. Oil, oil, oil. The recent contract with Marathon Oil is just another plus for Flowserve. Other pluses? 80% earnings growth, 92% owned by institutions. Plus, forward P/E is just 16. Let it flow . . .

Precision Castparts (PCP)
Grade: B+
Precision Castparts might as well be a dusty old store in a desert town in Star Wars, next door to the popular, but violent honky-tonk bar. But it's not. PCP is a construction parts company that has 64% quarterly growth and 103% earnings growth, as well as rising earnings per share (like all my picks) for the past 3 years. Also, 86% owned by the big boys. This has been a helluva winner for some time, and the best may still be ahead. Forward P/E: 16.

Healthways Inc. (HWAY)
Grade: B+
What do I know about the health service business? Not much. I do know that Healthways is up 60% in quarterly revenue and 50% in earnings growth. With a forward P/E of 23, this may be a stock ready to take off after one year of sideways action. If that happens, the upside is big with a float of only 33 million. Also 112% owned by institutions and 16% shorted.

Disclaimer: Pupule Paul Honda owns none of these stocks. But he would like to.