April 2002: B.E. stock update. (Investment Roundtable).Overcoming the third consecutive year of double-digit losses in the financial markets proved to be a difficult task for the two stock-pickers from last year's investment roundtable Charles Payne, founder of the New York City investment-advisory firm Wall Street Strategies and Eric McKissack, former vice president and portfolio manager for the Ariel Appreciation Fund, had little luck solving the riddle of a market plagued by uncertainty brought on by corporate accounting scandals, threats of war, and an ailing economy. Payne's five stock selections suffered a 59.03% loss, demonstrating how a very aggressive, tech-heavy style can be punished in this bear market. And although McKissack selected well-known leaders in five different industries, only one, the Tribune Co. (NYSE: TRB TRB - Tactical Range and Bearing TRB - Tactics Review Board TRB - Tail Rotor Blades TRB - Tap-Rack-Bang (shooting procedure) TRB - Teacher Registration Board TRB - Technical Requirements Baseline TRB - Technical Review Board TRB - Temporal Reference Beamforming TRB - Test Review Board TRB - The Rainier Building (Seattle, Washington) TRB - Theodore Roosevelt Building TRB - Training Reentry Body TRB - Transportation Research Board), delivered positive returns. But even with Tribune's 33.37% returns, McKissack's portfolio saw a total return of -25.71%.
Eric McKissack Ariel Appreciation Fund
Recent Price at
Company (Exchange: Ticker) Price Recommendation *
Tribune Co. (NYSE: TRB) $48.40 $36.29
Interpublic Group (NYSE: IPG) 12.87 27.07
MBNA Corp. (NYSE: KRB) 16.83 22.18 **
Cendant Corp. (NYSE: CD) 11.08 16.05
Toys R Us Corp. (NYSE: TOY) 9.04 19.82
Portfolio Performance
Current Value of $5,000 Investment
Total Current Value
Company (Exchange: Ticker) Return $1,000 Investment
Tribune Co. (NYSE: TRB) 33.37% $1,333.70
Interpublic Group (NYSE: IPG) -52.46 475.43
MBNA Corp. (NYSE: KRB) -24.12 758.79
Cendant Corp. (NYSE: CD) -30.97 690.34
Toys R Us Corp. (NYSE: TOY) -54.39 456.10
Portfolio Performance -25.71%
Current Value of $5,000 Investment $3,714.36
* AS OF JAN. 31, 2003
** PRICE ADJUSTED TO REFLECT A 3 FOR 1 STOCK SPLIT
SOURCE: YAHOO! FINANCE
Charles Payne Wall Street Strategies
Current Price at
Company (Exchange: Ticker) Price Recommendation *
Nokia (NYSE: NOK) $14.39 $23.18
AOt time Warner (NYSE: AOL) 11.66 26.40
Applied Materials (Nasdaq: AMAT) 11.97 21.58 **
Concurrent Computer (Nasdaq: CCUR) 3.30 13.12
Openwave (Nasdaq: OPWV) 1.23 6.68
Portfolio Performance
Curet Value of $5,000 Investment
Total Current Value
Company (Exchange: Ticker) Return $1,000 Investment
Nokia (NYSE: NOK) -37.92% $620.79
AOt time Warner (NYSE: AOL) -55.83 441.67
Applied Materials (Nasdaq: AMAT) -44.53 554.68
Concurrent Computer (Nasdaq: CCUR) -74.85 251.52
Openwave (Nasdaq: OPWV) -81.59 184.13
Portfolio Performance -58.94%
Curet Value of $5,000 Investment $2,052.79
* AS OF JAN. 31, 2003
** PRICE ADJUSTED TO REFLECT A 2 FOR 1 STOCK SLPIT
SOURCE: YAHOO! FINANCE
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