Oversold stocks that will perform well in July?

[Nicks]

SIP - got hammered recently (25% in one day) - downside appears to be all chewed up.
SIP had a couple of set backs, one being the failed bid for Symbion and the other being that they announced a reduced profit guidance BUT this is the important part - they did so whilst still positing an increase over the previous year of 5%. Now they have too much cash, so they are buying back shares (like many of the over cashed blue chips are doing). This is good, they have plenty of spare cash to invest if the see any targets and are also increasing the value of shares via the buy back.

Good Value IMO and the market seems to tihnk so too, SP up strong in the last 2 days, plenty more upside still though to make back.

 

[Narkov]

SIP - got hammered recently (25% in one day) - downside appears to be all chewed up.

I don't know about that. The most recent announcement said that the generic market has dramatically changed with significantly reduced margins. I don't think that situation will be resolved...ever. I'm not sure generics have much margin to play with anyway.

Unsure??!!