Wasatch Funds Chief Sam Stewart, Utah Firms Headline April 18 Informed Investors Forum in Salt Lake City
SALT LAKE CITY--(BUSINESS WIRE)--April 2, 1998--Astute investors already know that Utah is not only home to top quality collegiate and professional basketball, but has its fair share of savvy investment expertise as well.
Dr. Samuel Stewart, founder of the Utah-based Wasatch family of funds, will keynote the Informed Investors Utah Regional Stock Forum, Saturday, April 18. Since 1975, Wasatch Funds have earned an excellent reputation. Six no-load funds comprise the Wasatch family of funds.
The Forum will be held from 8 a.m. to noon at the Salt Lake City Holiday Inn Downtown. Cost to attend, which includes a continental breakfast, is $15 prepaid, $20 at the door. Audio tapes of the Forum also will be available for $25, plus $3.95 shipping/handling. To register or obtain additional information, call 800/992-4683 or visit www.informedinvestors.com.
Stewart, President and Chairman of Wasatch Funds, has a long career in investment management. Prior to becoming lead manager of the Wasatch Growth Fund in January, 1997, he was lead manager of the Wasatch Aggressive Equity Fund for 11 years.
Wasatch Growth Fund is up nearly 11% thus far in 1998. Its average total return for 1997 was 27.6% in 1997. For the three years ended Dec. 31, 1997, Wasatch Growth Fund had a compounded annual return of 27.8%. The fund invests in companies that hold the potential to produce steady, sustained growth.
The fund's top ten holdings as of Feb. 28, 1998 were (not necessarily in order) National Health Investors REIT (NYSE:NHI), O'Reilly Automotive (Nasdaq:ORLY), General Nutrition Companies (Nasdaq:GNCI), Renter's Choice (Nasdaq:RCII), Marks Bros. Jewelry (Nasdaq:MBJI), Friedman's (Nasdaq:FRDM), Washington Federal (Nasdaq:WFSL), Franklin Covey (NYSE:FC), World Acceptance Corp. (Nasdaq:WRLD) and Sunstone Hotel Investors (NYSE:SSI).
Stewart is very active in Utah financial circles. He is a member and past president of the Salt Lake City Society of Financial Analysts. Since 1975, Stewart has been a professor of finance at the University of Utah where his investment analysis class is among the most popular on campus. He was also corporate project director for the Financial Analysts Federation and was chief financial analyst for the Division of Investment Management Regulation for the Securities and Exchange Commission (SEC). Stewart earned his B.S. at Northwestern and MBA/Ph.D. degrees in Finance at Stanford.
In addition to Stewart, attendees have the opportunity to meet face-to-face with, and ask questions of, top executives of four Utah-based companies SOS Staffing Services (Nasdaq:SOSS), Mining Services International (Nasdaq:MSIX), Anesta Corp. (Nasdaq:NSTA) and Pen Interconnect (Nasdaq:PENC). The speakers will offer analyst-style assessments of their companies. Presentations such as these are not ordinarily available to individual investors.
Since 1993, Sacramento-based Informed Investors has been linking investors with management of public companies. Informed Investors represents individual investors who collectively hold an estimated $2 billion in investable assets.
CONTACT:
Informed Investors
Bob Taylor, Sean Finnigan, Steve Chanecka, 916/448-8222
or 800/992-4683
KEYWORD: UTAH
BW0184 APR 02,1998
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