Monday, July 28, 2014
Inquirer Daily News

Lenny Dykstra: Back in the money game

Former Phillie and sometime stock-picker Larry Dykstra says it's time to buy options on Microsoft.

Lenny Dykstra: Back in the money game

In another sign the market - or maybe just rampant speculation - is back, former Phillie Lenny Dykstra is back recommending stocks, after a month on the injured-reserve list.

"Who is going to hit the ball up the middle when the count is full and the country is facing a tough pitcher? Microsoft," Dykstra writes today in his first "Nails on the Numbers" newsletter since suspending publication amid his well-publicized money troubles April 20. His full report here.

He loves Microsoft's low forward price-to-earnings ratio (11), big cash pile ($24 billion) and recent layoffs (cost-cutting.) Dykstra doesn't see decline, just value pricing. "Therefore, I am going all the way out to 2010 and placing a limit order to buy 10 contracts using the January $15.00 dollar strike price," with a limit order at $"5.90 or better." Play ball!

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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