"Business is booming. Revenues last year jumped 18% to $25 billion, while earnings more than doubled to 60 cents a share from 27. Over the first six months of this year, revenues were up 31%, boosting earnings 54% to 45 cents a share from 29 cents. Analysts look for the growth to continue, projecting earnings of 77 cents over the full 12 months of '07, $1.07 in '08 and $1.41 in '09 -- estimates that could prove conservative. If those numbers are achieved, they would represent a four-year compound annual growth of nearly 24%, far above the market as a whole. By every standard, Comcast is a high-growth company with a bright future. But those prospects are not reflected in the stock."

"So far, the stock hasn't done much heavy lifting. It trades at around 17, well off its 52-week high of 24 and a reasonable 17 times likely earnings for next year. Thomas Shaw, analyst at Stifel Nicolaus, thinks the shares swooned senselessly with the market in recent weeks and should rebound to about 25."

"At the consensus forecast, Chattem trades at a modest 16.5 times expected '08 profits, versus 18 to 19 times for its peer group. If Chattem were to earn $4 a share, the multiple would fall below 15, near bargain territory. In addition, Chattem generates lots of cash. Kantor sees free cash flow next year of $5 a share. He maintains that the stock could be near 80 within 12 to 18 months."

"A conservative break-up valuation by Lehman Brothers analyst Timothy Luke implies that the chipset business could be worth about 19 a share, and the royalty business about 23.5. Qualcomm's data applications business would be worth about 1, and the company has 7 a share in cash. That's based on an enterprise value of about 50 a share, using a P/E of 20, among other assumptions. Thus, if you back out the cash, data applications and the value of the royalty business (31.5 by Luke's figures), investors who pay around 38 today get the chipset business essentially for 6.50 a share. Unleashing that kind of value is an intriguing idea that will continue to bubble as long as Qualcomm's lawyers grab the headlines."

"As of Aug. 10, the U.S. government had ordered 1,963 vehicles from Force Protection, or 31% of its total MRAP procurement, according to Congressional Research Service. Still, after expecting the company to dominate MRAP sales, Wall Street has had to adjust its expectations with companies like Navistar International and Armor Holdings (now a subsidiary of BEA Systems) winning awards. As a result, Force Protection shares are down 48% from a May high, and the stock now trades at an undemanding 11.3 times analysts' earnings estimates for fiscal 2008."