Masters New Watch List: RIM, Patriot, and D. R. Horton

Thanks to Patriot Coal blowing today's conference call, the stock is down 8%.  Now is not the time to buy stocks, but to watch them, pick out a few good ones, and wait to drop in like a vulture on dying prey.

Fellow Masters, we add D.R. Horton, Inc. (NYSE:DHI), Research In Motion Limited (NASDAQ:RIMM) , and Patriot Coal Corporation (NYSE:PCX) to our watch list.  These are all solid companies but down on their luck, thus they all have been kicked to the curb by Wall Street and the expectations are now lowered.

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Research In Motion Ltd (RIMM) shares have traded between $47.42 and $88.08 over the past 12 months.  Research In Motion shares are now trading with a P/E Ratio of 12.1 and EPS of 4.57.  RIM's shares have moved up 12.01% from its 52-week low and are trading today at $53.85.

Over the past 12 months D.R. Horton Inc (DHI) shares have traded between $9.41 and its 52-week high of $15.44.  D.R. Horton shares have moved up 16.06% from its 52-week low and are trading at $11.24  today.

Patriot Coal Corp (PCX) shares have traded between $8.11 and $24.25 over the past 12 months.  Patriot Coal shares are now trading with a P/E Ratio of 12 and EPS of 1.14.
Patriot shares have moved up 35.63% from its 52-week low thanks to today's 8% drop, now at $12.49.

All three of these stocks are playing in different sectors, thus providing some diversity and thanks to the Powers-that-be are trading near record lows (Cut & Paste Ticker Help: RIMM, DHI, PCX).

Research in Motion (RIMM)takes the loser award of the three with its shares 12% from its one year low and its stock down 34% since last September.  The Street has been killing this stock lately as analyst have been falling out of love with the Blackberry and head over heals iPhone or anything Andriod related.

Earlier this month RW Baird downgraded Research in Motion and since late June the target price reductions and downgrades have came in like rapid fire:

However, the perfect time to review and consider stocks like RIM, Patriot, and D. R. Horton is when everyone else hates them.  Let's hope they continue to fall and provide us all with an entry point that is closer to their respective 52-week lows.

Disclaimer: No positions in any of the securities mentioned in this publication.