Tar heel stock watch.

• Position: Money Matters - Illustration

Expensive stocks Highest price-earnings ratios among North Carolina stocks P/E 07/25/03 52-week Company ratio * price range Unifi 222.7 $6.74 $4.25-11.47 BNP Residential Properties 76.6 11.45 9.00-12.65 Krispy Kreme Doughnuts 67.6 42.50 26.42-42.80 Goodrich 58.5 23.07 12.20-30.00 Highwoods Properties 47.7 22.99 18.57-28.19 Gateway Financial Holdings 46.0 10.05 6.66-10.77 Tanger Factory Outlet Centers 44.2 36.45 23.00-36.51 Summit Properties 43.3 20.65 16.15-23.48 Wellco Enterprises 36.8 9.22 9.22-15.00 Lending-Free 29.9 25.50 8.40-25.55 * Based on earnings per share in the last four quarters Cheap stocks Lowest price-earnings ratios among North Carolina stocks P/E 07/25/03 52-week Company ratio * price range Cone Mills 5.2 $1.51 $1.21-3.80 Standard Commercial 6.0 17.65 14.50-23.00 Charles & Colvard 6.7 4.78 3.07-6.52 Investors Title 6.9 28.00 17.60-31.00 Waste Industries USA 9.9 7.99 5.40-8.16 R.J. Reynolds Tobacco 9.9 36.99 27.52-69.98 Sonic Automotive 10.6 25.87 13.22-31.61 Cooperative Bankshares 10.7 19.90 13.00-20.25 VF 11.4 38.43 31.50-43.07 ECB Bancorp 11.4 22.75 14.00-23.50 TAR HEEL STOCK WATCH Ranking based on three-month change May-July Top 10 large-cap stocks 3-month 1-year 52-week Company change change range Lending Tree 86.0% 139.9% $8.40-25.55 Sonic Automotive 59.1 20.2 13.22-31.61 Goodrich 56.7 6.8 12.20-30.00 SPX 37.3 (11.1) 30.73-68.23 Krispy Kreme Doughnuts 33.3 24.2 26.42-42.80 R.J. Reynolds Tobacco 31.3 (30.8) 27.52-69.98 RF Micro Devices 31.1 3.5 4.55-16.20 CommScope 28.4 45.5 6.12-13.65 Martin Marietta Materials 24.6 (2.7) 26.10-41.62 Inveresk Research Group 23.1 30.6 8.67-22.12 Bottom 10 large-cap stocks 3-month 1-year 52-week Company change change range Cree...