Qualcomm, Dell Computer and The Gap Are Among Magazine’s Favorite Stocks To Buy And Hold In the New Year
New York City, February 6, 2002 -- After challenging a group of high-performing mutual fund managers to pick one stock they would buy and hold for the next 12-15 months, Bloomberg Personal Finance today unveiled its list of 15 Favorite Stocks for 2002 based on their choices.
Bloomberg Personal Finance, the premier monthly magazine for serious investors, is part of the Bloomberg news and information family, the world's financial news leader. The magazine, the fastest-growing personal-finance title in America, boasts a circulation of 400,000.
According to editor in chief Steve Gittelson, the magazine approached 15 of the most respected fund managers in America to go public with their bets on stocks -- and their best informed judgment calls -- amidst circumstances that intimidated many of their competitors.
The picks ran the gamut of market niches, stock sizes, and economic plays – all very hopeful signs of a deep and widespread economic recovery, Gittelson said.
"It was interesting that some chose well-known stars, whereas others turned the spotlight on tiny gems or tarnished treasures," Gittelson said. "As individual investors scan the horizon for fruitful, moderate-term investments, it is heartening to see how broadly based these recommendations are."
This year’s list of 15 Favorite Stocks, followed by the fund manager who made the selection (in no particular order):
Transatlantic Holdings (TRH) - Christopher Davis, Portfolio Manager, Selected American Shares
Calpine (CPN) - David P. Brady, Senior Portfolio Manager, Stein Roe Young Investor Fund
Beckman Coulter (BEC) - Dan Veru, Co-investment Officer, GE Small-Cap Value Equity Fund
Citigroup (C) - Joe Skornicka, Portfolio Co-manager, Invesco Financial Services Fund
Universal Compression Holdings (UCO) - Audrey M.T. Jones, Managing Dir., Deutsche Small Cap Fund, Mid Cap Fund, and Micro Cap Fund
Qualcomm (QCOM) - James Hillary, Portfolio Manager, Marsico 21st Century Fund, The Nation’s Marsico 21st Century Fund
Entravision Communications (EVC) - Jeffrey Schappe, Portfolio Manager, Citizens Small Cap Core Growth Fund
Sears, Roebuck (S) - Susan Byrne - Portfolio Manager, Gabelli Westwood Equity Fund
Dell Computer (DELL) - Andrew Ngim, Co-manager, Ameristock Mutual Fund
H&R Block (HRB) - Nick Calamos, Managing Director, Research and Portfolio Management, Calamos Growth Fund
SunLink Health System (SSY) - Michael Mullarkey, Lead Portfolio Manager, Mainstay Map-Equity Fund
Cendant (CD) - Eric T. McKissack, Portfolio Manager, Ariel Appreciation Fund
The Gap (GPS) - David Katz, Chief Investment Officer, Matrix Advisors Value Fund
Varian Semiconductor Equipment (VSEA) - John Burbank, Sr VP and Head Portfolio Manager, State Street Research Aurora Fund
Ucar International (UCR) - Dan Bandi, Portfolio Manager, Armada Small Cap Value Fund |
