DEBORAH MARCHINI, CNN ANCHOR: We get some final stock picks from our featured guest, Patricia Chadwick, president of Ravengate Partners. One of them is a financial institution involved in a takeover deal.</s>PATRICIA CHADWICK, RAVENGATE PARTNERS: Washington Mutual, yes. If you look at this company, it's really quite a conservative company. It's the largest S&L;, the largest mortgage provider in the country. And this is, I think, a very logical acquisition. They have made a lot of acquisitions over the last few years, done them extremely well, and while the stock got a tiny bit hit on the announcement of the acquisition, I think it's a long-term growth story, very reasonably priced. And I think there is more in the future of what they have done in the past. I just think it's a very nice story.</s>MARCHINI: You're also positive on discount retailers, among them Wal-Mart.</s>CHADWICK: Well, Wal-Mart in particular. I think Wal-Mart does extremely well in the economic environment in which we find ourselves today. When business is slow, Wal-Mart usually gains market share, for a variety of reasons: Sometimes people want to price down a little bit, but more importantly, I think Wal-Mart goes out and very aggressively gets good deals from its vendors. And rather than take all that into their own bottom line, what they do is they give it to the customer and thereby grow their customer base, which then brings it down to the bottom line -- a brilliant strategy that they've exercised for 25 years, and it's still working.</s>MARCHINI: Terrific, Patricia Chadwick, Ravengate Partners. Great to see you this morning.</s>CHADWICK: Thank you. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Patricia Chadwick of Ravengate Partners Likes Washington Mutual Bank Stock