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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (2261)	9/3/1998 8:38:00 PM
From: Stoctrash	Respond to of 6439

Rare, you'll like this one: fnews.yahoo.com "I usually put Cl ipper (Nasdaq:CFIMX - news) near the top of any "all-weather" list. It's designed to do better than most when the bear starts stirring, and pretty well when the bulls are running. Co-managers Michael Sandler and Jim Gipson have certainly seen all kinds of markets -- and done well in most. In three-, five- and 10-year time periods, they beat most of their peers, not far behind the broader market index. Since its 1984 inception, the experienced value investors have steered Clipper, holding fast to a rigorous stock selection process throughout. Often, that has meant the two Cs for Clipper: contrarian plays and cash. The no-load has had plenty of both recently, taking a big stake in Philip Morris (NYSE:MO - news) , and carrying more than 40% in the green stuff. (The last time they had such a huge cash stake was right before Black Monday.) All of which translates into a lackluster 6% return year-to-date, but could serve Clipper and its shareholders if the market keeps tumbling."