James Altucher, street.com analyst, recommended the following 3 stocks as SOLID DOUBLES (pretty bold) by Year end:
1. Cynosure (CYNO):

a. Cynosure develops everything from laser wrinkle treatments to tattoo removal to anti-cellulite treatments to all sorts of anti-aging treatments.

a. It has $60 million cash in the bank, with no debt. It trades for only 8 times EBITDA, with 41% year-over-year growth in revenues and 128% year-over-year growth in earnings with more expected according to all the analysts.

c. This stock was at $45 earlier this year, it’s at $20 now because of the market selloff, and it’s going back to $40. See you there.

2. Asset Acceptance Capital (AACC):

a. The company, founded in 1962, collects on bad credit card debt. It buys the debt from banks and credit card companies for pennies on the dollar and makes money if it collects more than it pays for the debt.

b. Investors think that because we are in a difficult economy, it might be hard for AACC to collect.

c. AACC trades for just three times cash coming in, so the stock more than fully discounts the worry of a lagging economy. Also, it has recurring revenues based on automatic payment plans, so its growth is partially predictable off of this. The recent $500 tax rebate will boost income in the coming quarters.

d. super hedge fund Nierenberg Investment has been buying up stock in the upper $9s.

3. VSE (VSEC):

a. VSE provides consulting, systems integration, management consulting and more to the U.S. government and military. Almost every branch of the military has benefited from VSE since it started in 1959.

a. VSE’s long-range government contracts are secure. Revenue has gone up every year for five years. Income has gone up every year at an annualized 63%-a-year increase. EPS has gone up every year for five years.

b. The directors of the company have been buying millions of dollars worth of stock with their personal money (insiders now own 35% of the company). The company has a P/E ratio of just 10.

c. And, finally, my favorite hedge fund to piggyback, Renaissance Technologies , owns millions of dollars worth of the stock and is one of the company’s largest shareholders.
Track James Altucher’ stock picks at:

http://www.trackthepros.com/categories.php?category_id=537