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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)
PFE 25.08-2.7%Nov 14 3:59 PM EST
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To: Anthony Wong who wrote (484)7/8/1998 6:31:00 PM
From: Anthony Wong  Read Replies (3) of 1722
 
High Mark Growth Fund Basks In Blue Chips' Popularity: Mgr
July 08, 1998 6:11 PM

NEW YORK (Dow Jones)--High Mark Growth Fund,
a primarily blue-chip stock fund, is in the "sweet spot" of
the market, portfolio manager Scott Chapman said.

The fund includes large-cap names like Cendant Corp.
(CD), Coca-Cola Co. (KO), Dupont & Co. (DD),
General Electric Co. (GE), Gillette Co. (G), Microsoft
Corp. (MSFT) and Pfizer Inc. (PFE).

"The large-cap blue-chip growth stocks have been in
favor for their reliability and consistency, which investors
have been rewarding." Chapman said in an interview
with CNBC Wednesday.

He said he looks for stocks that are "the hallmarks of
consistency, that day-in and day-out are all-weather
performers that have high consistent earnings per share
growth in excess of the market averages."

He cited General Electric, whose earnings and stock
price have grown 28-fold over the last 35 years, as a
prime example.

Chapman added that he stays away from trendy
companies that are "flashes in the pan." In particular, he
pointed to Internet companies, which he said are mainly
heavy capital-intensive companies that do not generate a
very high return.

-Nicole Ridgway; 201-938-5174

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