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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (58333)	6/3/2003 12:26:11 AM
From: Cactus Jack	Respond to of 65232

Volt, Fancy meeting you here. Hope all is well. jpg

To: Voltaire who wrote (58333)	6/27/2003 12:13:32 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Stock picker Bill Miller reckons bear market is over ________________________________ Thursday June 26, 5:22 pm ET By Martha Graybow biz.yahoo.com CHICAGO, June 26 (Reuters) - Legg Mason stock picker Bill Miller, who has beaten the broad stock market for 12 years in a row and has a comfortable lead so far this year, said on Thursday he thinks the bear market is over. "I believe it has truly ended," said Miller, a closely watched fund manager known for his long winning streak and contrarian bets on companies such as conglomerate Tyco International Ltd. (NYSE:TYC - News) that other fund managers shun. Miller, the keynote speaker at the annual Morningstar Inc. investment conference on Thursday, said he has previously declared the end to the bear market -- wrongly, it turns out -- several times over the past couple years. But this time, his call comes at a time when his Legg Mason Value mutual fund has surged, and his No. 1 holding, Amazon.com Inc. (NasdaqNM:AMZN - News) is up 94 percent since the beginning of 2003. His second biggest holding, wireless telephone company Nextel Communications Inc. (NasdaqNM:NXTL - News) has surged about 49 percent this year. Miller's fund has outperformed the Standard & Poor's 500 index (CBOE:^SPX - News) for the past dozen years. With this year almost half over, the value-oriented fund, which has about $10.9 billion in assets, is up about 20.2 percent, while the S&P 500 has risen about 11.2 percent. Miller has been criticized by some observers for his large position in Amazon.com, which many other fund managers who invest in value stocks have avoided because they think it is too expensive and they worry about its financial position. The stock made up about 7.2 percent of the portfolio as of last week, according to Miller. Despite the big price jump in Amazon.com this year, Miller said he still likes the stock because he thinks it has a sustainable competitive advantage and believes its earnings for the rest of the year and next year will come in better than many Wall Street analysts predict. Miller also hinted that one stock currently found in his fund, hospital company Tenet Healthcare Corp. (NYSE:THC - News) might be dropped by the end of June, when the current quarter ends. Tenet's debt was downgraded to "junk" by ratings agency Moody's Investor Service on Wednesday after a profit warning. Tenet's stock is down about 22.7 percent this year. Miller said that usually when one of his holdings falls, his stock picking team recommends buying more of it to capitalize on the lower price, but not in this case. "One of the ones we are questioning right now is Tenet," he said. "It's unclear to me what's going on at Tenet."

To: Voltaire who wrote (58333)	7/3/2003 2:09:05 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 65232

Hey, nephew, meet the Royal Couple from my backyard kingdom, Lord Rowdy, and his consort, Lady Rowena: pbase.com pbase.com uf

To: Voltaire who wrote (58333)	12/23/2005 7:51:04 PM
From: Cactus Jack	Respond to of 65232

V, We know (hope?) you're out there lurking periodically. Here's sending you a Merry Christmas. Stop in some time. jpg