Wall Street's Buy List

Actions speak louder than words, as the old saying goes. So why does the media focus so much attention on what Wall Street says about companies, instead of what it does with them?

Once upon a time, we didn't know what the bankers were up to. Now, thanks to the folks at finviz.com, it's easy to keep tabs on the stocks that financial institutions buy and sell. And the 170,000-plus lay and professional investors on Motley Fool CAPS can lend us further insight into whether these decisions make sense.

Here's the latest edition of Wall Street's Buy List, alongside our investors' opinions of the companies involved:

Companies are selected based on past-3-month changes in institutional ownership, as reported on finviz.com. Recent price provided by Yahoo! Finance. CAPS ratings from Motley Fool CAPS.

Wall Street vs. Main Street
Up on Wall Street, the professionals think these five stocks are the greatest things since sliced bread. (And by "bread," I mean money.) They've been ...

• ... piling into Majesco ahead of its addition to the Russell Microcap Index (which became official Friday) ...
• ... rushing to beat the clock at OCZ as well, ahead of the July 6 earnings report ...
• ... unable to resist the price on China New Borun, which sells for an astoundingly low 3 times trailing earnings, and just twice next year's projected profits ...
• ... and taking Oppenheimer's advice to buy Optimer before a run-up takes hold there as well.

For the time being, however, Fools seem hesitant to rush into any of these Wall Street darlings. One- and two-starred by our members, they remain intensely unpopular on CAPS. This contrasts starkly with how investors view this week's top-ranked stock.

Telekom Indonesia
CAPS member iamthecountry calls Telekom Indonesia the "Mobile phone and Data Leader in Indonesia, a high growth sector in a high growth economy."

PuddinHead42 is excited about the stock's "high dividend" and its "Indonesian growth kicker."

wpshil78 points out that the Telekom Indonesia was "trading as high as $43 just 3 months ago," and suggests investors "check-out Jim Jubak's (MSN) recent article on emerging markets," which argues that "this might be a good time to buy as major markets seem to be at a plateau, while Asia and South America have underperformed the last 12 months with more inflation risk than economic softness."

And I have to tell you, folks -- it's hard to disagree. There really is a lot to like about Telekom Indonesia. For value investors, the stock sports a P/E less than half as pricey as Verizon (NYSE: VZ). For growth investors, TK's pegged for 8.7% long-term earnings growth -- which is twice what Wall Street says we can expect to see from AT&T (NYSE: T). And yes, with a dividend yield of 6.6%, the stock rewards its shareholders more richly than either of the American telcos.

Time to chime in
To my way of thinking, Telekom Indonesia's dividend yield looks rich enough to account for more than half the company's 12.2 P/E ratio. Even if the company falls a bit short of its growth targets, I'd still think TK is a compelling value -- but that's just my opinion. What I'd really like to know is what you think about Telekom Indonesia.

Is its dividend big enough to tempt you to invest outside U.S. borders? Is its sub-9% earnings growth fast enough for an "emerging markets" stock? Tell us what you think -- on Motley Fool CAPS.