Tar Heel stock watch.

• Position: Money Matters - Illustration

Expensive stocks Highest price-earnings ratios among North Carolina stocks P/E 10/31/03 52-week Company ratio* price range Red Hat 517.6 $15.01 $4.28-15.44 MedCath 62.2 10.58 3.15-11.92 Krispy Kreme Doughnuts 60.2 43.32 26.42-49.74 Highwoods Properties 45.8 24.80 18.57-26.04 Pantry 44.3 16.40 1.57-16.50 Gateway Financial Holdings 42.3 11.00 7.50-12.00 Nucor 39.5 54.83 35.03-55.46 Cree 37.4 17.75 11.70-26.88 Tanger Factory Outlet Centers 35.6 40.38 27.70-40.38 Closure Medical 35.3 30.71 7.95-31.90 Cheap stocks Lowest price-earnings ratios among North Carolina stocks P/E 10/31/03 52-week Company ratio*...