SFA got a nice mentions in FORTUNE Magazine this week:
pathfinder.com@@d1yfIAUA@9YLsTvi/fortune/pfortune/0707por.html
"Susan Byrne sure sounds like a loser in today's market: She won't touch Coca-Cola, General Electric, or Microsoft; she's been seeking safety in stocks that pay dividends; she even gets turned off by booming companies if their P/E is above 30. So here's the surprise: Her Westwood Equity fund has been thriving in this wheels-off market risk, beating the S&P 500 three of the past four years, including a 27% gain last year. The one time she lagged, in 1995, she still managed a 37% return. Over the past five years the fund has averaged an 18.3% return, fifth-best among 236 offerings in Morningstar's large-cap blend category.....
"I ... really, really like Scientific-Atlanta, which is a pure play on the growth of telecommunications around the world. People perceive them incorrectly as a low-tech cable-box company. But they're in all of the telecom businesses--they service the satellite business, telephony, and the cable industry. They make modems for cable TV lines, for example, that connect TVs or PCs to the Internet. They have the product or the No. 2 product in their markets. I'm counting on 25% earnings growth, conservatively, and at $18 a share the stock is selling at just 13 times next year's earnings. Pretty good." |
