Forbes e-magazine has this article of approx 9/12/06:
Streetwalker Five Nasdaq Stars 09.12.06, 8:30 AM ET
If you're looking for a growth stock to add to your portfolio, the Nasdaq market makes a good place to start searching. Here are five standouts.
Our criteria: both market capitalization and sales greater than $100 million; three-year annualized revenue growth of 5% or greater; and positive free cash flow (net income less capital expenditures plus depreciation) for the past 12 months. We also limited ourselves to companies expected to increase their earnings at an annualized clip of 10% or better over the next few years. These stocks go for no more than 25 times estimated earnings for the coming 12 months and less than five times price-to-tangible book value.
Company Price Industry Est. Price-To-Earnings Ratio, Next 12 Months Earnings-Per-Share Projected Growth* Market Value ($mil)
Central Garden & Pet (nasdaq: CENT - news - people ) $45.00 Chemical Manufacturing 14 15% $1,050
CRA International (nasdaq: CRAI - news - people ) 44.78 Business Services 18 20 508
Forbes goes on to list 3 other "star" companies whose consistent high growth is available at a reasonable P/E ratio. Also, whether Republicans or Democrats control Congress, CRAI's merger, legal and environmental consulting businesses should be growth areas. So many companies have ample cash on balance sheets, mergers seem likely to continue at a reasonable or high rate, to take just one example.