November 18, 2005
Stocks to Watch — EMCORE (EMKR) and JLG Industries (JLG)
EMKR and JLG are Notable New Highs, both taken from my Stocks to Watch lists.
EMCORE broke out on unusual volume. They make photovoltaic stuff which is apparently hot at the moment (see Evergreen Solar (ESLR), another Notable New High). Those of us with a good memory know that EMKR traded as high as $86.50 a share back in February 2000, and later fell to under a buck a share in October 2002. Do you see why the price you pay matters?

JLG Industries is in the extremely sexy business of providing “access equipment and highway-speed telescopic hydraulic excavators.” In fact I told my wife that I want a highway-speed telescopic hydraulic excavator for Christmas (though I don’t expect the local cabbies will be intimidated by it). In March 2003 JLG traded at just under $4 a share.
