April 2002: B.E. stock update. (Investment Roundtable).Overcoming the third consecutive year of double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. losses in the financial markets proved to be a difficult task for the two stock-pickers from last year's investment roundtable Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by Payne, founder of the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 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 riddle, puzzling question, specifically one that consists of a fanciful description or definition of something to be guessed. A famous riddle was asked by the Sphinx: "What goes on four legs in the morning, on two at noon, on three at night?" Oedipus guessed the of a market plagued by uncertainty brought on by corporate accounting scandals Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. , 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 pun·ish v. pun·ished, pun·ish·ing, pun·ish·es v.tr. 1. To subject to a penalty for an offense, sin, or fault. 2. To inflict a penalty for (an offense). 3. in this bear market. And although McKissack selected well-known leaders in five different industries, only one, the Tribune tribune, in ancient Rome, one of various officers. The history of the office of tribune is closely associated with the struggle of the plebs against the patrician class to achieve a more equitable position in the state. From c.508 B.C. Co. (NYSE NYSE See: New York Stock Exchange : TRB TRB Transportation Research Board TRB Technical Review Board TRB Teacher Registration Board TRB Test Review Board TRB Total Relationship Balance TRB Tap-Rack-Bang (shooting procedure) TRB Theodore Roosevelt Building ), 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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