Tar Heel Stock Watch.

• Position: Stock prices of North Carolina companies - Illustration

Expensive stocks Highest price-earnings ratios among North Carolina stocks P/E 01/31/03 52-week Company ratio * price range Winston Hotels 188.0 $7.80 $5.78-9.76 RF Micro Devices 148.0 5.62 5.15-22.19 Krispy Kreme Doughnuts 49.3 30.41 27.40-44.02 Gateway Financial Holdings 42.8 8.65 7.00-10.50 Pharmaceutical Product Dev. 41.1 29.85 16.06-35.31 BNP Residential Properties 39.7 10.32 9.19-13.00 Closure Medical 39.4 10.33 7.55-23.50 Tanger Factory Outlet Centers 31.9 29.30 21.95-31.20 Charles & Colvard 28.9 4.92 1.76-6.52 Coca-Cola Bottling 27.7 68.19 40.77-70.45 Cheap stocks Lowest price-earnings ratios among North Carolina stocks P/E 01/31/03 52-week Company ratio * price range HLM Design 5.1 $2.21 $1.65-3.50 Sonic Automotive 6.3 15.50 13.31-39.75 MedCath 7.0 9.66 8.35-23.24 Summit Properties 7.4 18.05 16.15-25.90 McRae Industries 7.6 7.98 5.30-9.45 Investors Title 7.8 22.99 16.55-24.19 R.J. Reynolds Tobacco 8.2 42.36 34.83-71.90 Waste Industries USA 8.5 6.25 5.40-8.10 Standard Commercial 9.1 16.68 14.50-23.00 Cato 9.7 17.80 14.17-27.75 * Based on earnings per share in the last four quarters Top 10 large-cap stocks Rankings based on three-month price change November-January 3-month 1-year 52-week Company change change range Coca-Cola Bottling 37.6% 55.8% $40.77-70.45 Laboratory Corp. of America 26.2 (33.7) 18.51-52.37 Carlisle 14.9 10.9 32.36-47.23 Red Hat 14.2 (40.0) 3.46-8.75 Quintiles Transnational 14.0 (20.1) 7.65-19.30 Highwoods Properties 7.1 (14.7) 18.57-29.45 First Charter 5.2 3.0 15.00-20.81 Cree 4.8 33.4 8.98-25.42 Inveresk Research Group 4.3 61.2 8.67-22.12 Goodrich 4.3 (37.4) 14.17-34.45 Bottom 10 large-cap stocks 3-month 1-year 52-week Company change change range RF Micro Devices (27.1)% (70.0)% $5.15-22.19...