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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (4681)	8/13/2001 4:28:19 PM
From: HandsOn	Respond to of 5499

I can't stand that pompous conceited ass, he spoke about how the telecom act to increase competition eventually put most of the small dsl companies out of business. Then He compared market caps of some baby bells like VZ at approx. 170 bln. vs T at 68 bln. and WCOM at only 39 billion. As of 4:09 259.5k shares in AH with last print at 13.77.

To: BWAC who wrote (4681)	8/14/2001 9:38:12 AM
From: JakeStraw	Respond to of 5499

TNL News - Message 16208104

To: BWAC who wrote (4681)	8/14/2001 1:16:37 PM
From: JakeStraw	Respond to of 5499

Vanguard Primecap Buys Energy, Selected Tech Names biz.yahoo.com Although Vanguard Primecap's (NA: VPMCX) managers don't have a firm feel for what sector will lead the market in the future, they're sticking to their contrarian growth strategy. Howard Schow, Theo Kolokotrones, and Joel Fried have built this fund's outstanding long-term record by making timely purchases of fallen growth stocks, often making rather large bets on favored sectors and industries. In their just-released shareholder report, however, the managers report that they have ``less conviction than usual in assessing which sectors represent the market's next generation of leadership.'' Thus, they report that the fund is better diversified by industry and sector than it has often been in the past. ADVERTISEMENT That said, management has still found a few attractive areas in the market. Energy stocks have taken a tumble in recent months, thanks to moderating oil and natural-gas prices, and the managers report doing some buying in that area, building ``significant positions'' in Phillips Petroleum (NYSE: P - news) and Amerada Hess (NYSE: AHC - news). The managers wrote that, ``Although energy prices have moderated from the high levels reached earlier in 2001, we still expect to see a protracted period of higher energy prices that will provide attractive returns to suppliers.'' As we reported earlier, management has also done some buying on weakness in the technology sector, which has historically been a major area of emphasis for the fund. The managers wrote: ``Although we have yet to see an upturn in business for the technology companies we track, we are starting to see valuations for selected companies reach levels that we believe represent significant value. In fact, we have begun adding to some existing positions like Nortel Networks (NYSE: NT - news), and have recently initiated new positions in a few technology names, such as Rational Software (Nasdaq: RATL - news).`` Management also continued to caution that the consumer discretionary area is less attractive than it once was, especially for retail issues. The managers made a foray into retail stocks in late 2000, as a slowing economy took a toll on the sector's share prices. However, retailers have rallied sharply in 2001, with one large fund holding, Best Buy (NYSE: BBY - news), returning about 100%. In light of the sector's runup, ''the valuations are no longer as attractive`` as they once were, even though ''the consumer economy is considerably healthier than the industrial components of the economy.`` The managers previously told Morningstar they were trimming their retail exposure. The portfolio also reflects management's continued bullishness on airline stocks, which have performed poorly this year. AMR (NYSE: AMR - news), Delta Air Lines (NYSE: DAL - news), and Southwest Airlines (NYSE: LUV - news) remain large positions for the fund. In the past, management has argued that demand for air travel will outpace the increase in supply over time, which should benefit airlines. However, in 2001, high energy prices and reduced demand, a consequence of the slowing economy, have crimped airlines' profits and share prices.