Friedman Billings Ramsey Announces 1999 Stock Picks
PR Newswire - January 04, 1999 18:35
Firm Makes Client 'Christmas Wish List' Public
WASHINGTON, Jan. 4 /PRNewswire/ -- The following is being issued by Friedman, Billings, Ramsey Group, Inc., a member of the National Association of Securities Dealers, CRD 25027:
Friedman, Billings, Ramsey Group, Inc. (NYSE: FBG) today made its 6th Annual Christmas Wish List available to the public. The List outlines the firm's most promising stock picks for 1999 and includes 13 companies representing large cap, small cap, growth and value stocks. The List also covers a range of industries from financial services, real estate and insurance to technology, consumer products and oil and gas.
"Each year, FBR clients look forward to the Wish List, which represents our best ideas for stocks that we believe will outperform the market," said Martin S. Friedman, Director of Research at FBR. "This year, our expanded research team has added new sectors to the list, so there's something for everyone."
"Our primary research goal is simple-to generate great ideas that will make positive returns for our clients," continued Mr. Friedman. "We're pleased to now make the Wish List available to the investing public."
The list includes the following companies:
- Advanta (ADVNA)/(ADVNB)
Bank Atlantic Bancorp (BBX)/(BANC)
Brookdale Living Communities (BLCI)
Diamond Technology Partners (DTPI)
Fortune Brands (FO)
Guarantee Life (GUAR)
Hubco, Inc. (HUBC)
Johnstown America (JAII)
IDT Corp. (IDTC)
Newfield Exploration (NFX)
Styling Technology (STYL)
Washington Mutual (WM)
Wells Fargo (WFC)
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Since its inception in 1994, the FBR Christmas Wish List has averaged a 39 percent total return, outperforming major indices for four consecutive years. This year, the Wish List was down 17.8 percent.
To speak with an FBR research analyst, editors should contact Melanie Nelson, Corporate Communications Manager at 703-312-9623.
FBR clients can access the full report on the Private Research area of the firm's website, fbr.com. Other interested parties must send a written request for the full report to:
- FBR Christmas Wish List
Friedman, Billings, Ramsey
1001 Nineteenth Street North
Arlington, Virginia 22209
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FBR has over 50 research analysts working in teams and focused on some of the fastest-growing and most rapidly changing sectors of the economy. These sectors include banking, thrifts, specialty finance, technology, real estate, energy, insurance, high yield and general equities. The firm issues full research reports on more than 400 publicly traded companies, as well as research briefs, trend reports and daily economic and bond commentary.
Friedman Billings Ramsey Group, Inc. is a publicly traded, full-service investment banking and asset management firm (NYSE: FBG). Asset management operations include FBR Business Development Capital, FBR Asset Investment Corporation, private investment partnerships, venture capital and private equity partnerships, and the FBR family of mutual funds. FBR makes a market in more than 375 securities.
This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. Any offer is made only by the Prospectus, copies of which can be obtained by contacting Friedman, Billings, Ramsey & Co., Inc., Potomac Tower, 1001 19th Street North, Arlington, VA 22209.
SOURCE Friedman, Billings, Ramsey Group, Inc.
/CONTACT: Media Relations - Melanie Nelson of FBR, 703-312-9623/
(FBG ADVNA ADVNB BBX BANC BLCI DTPI FO GUAR HUBC JAII IDTC NFX STYL WM)
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