David DriscollStudent LoanCorpSTUTOP PICKDec 14, 2001

Spreads are starting to tighten on financials. Even though their profits were up in the last quarter, you have to think about what's going to work out down the road. Paying more in dividends than they actually earned.

The price of education goes up every year and students are borrowing more money. Trades at a 12 multiple.

(Was a top pick on Jan 9 up 12%) Still buying at any price under $92.50. 3% yield.

FMV = 112. Trading at 13 X earnings. Buy at $92.50.

3.7% dividend. Good growth.