American Healthways Inc. (AMHC)

In disease management sector in the US. Signed 2 trial deals with CMS Medicare and if successful could open up a 42 million person population for this company. Valuation is somewhat stretched but in the fragemented area they are in you will see sustainable growth on the top and bottom line of 30/35% foir the next 4/5 years.

(Past top pick July 7/04. No change.) The fastest-growing oil/gas in production, operating costs or cash flow on the continent.

The return on investment for this type of company is huge. You will see valuation multiples and margins expand.