Market mirror: Calvin Baker's portfolio closely tracks the larger market.A MAKER OF PRESSURE-CONTROL EQUIPMENT FOR oil and gas production supplied lots of power for the portfolio that Calvin H. Baker chose in March of 2007. But while Cameron International Corp. rose 48% for Baker, a managing director and senior portfolio manager at Baltimore-based Brown Capital Management Inc. (No. 5 on the BE ASSET MANAGERS list with $2.71 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. ), it could not keep the overall portfolio in the black, His four stock picks slipped 6.8%, just ahead of the performance of the S&P 500 indent To align text some number of spaces to the right of the left margin. See hanging paragraph. But Baker, whose firm chooses stocks based on a 3- to 5-year investment horizon, maintains that all of them are keepers Keepers is a 2005 novel written by Gary A. Braunbeck. It was nominated for a 2005 Bram Stoker Award for "Superior Achievement in a Novel." Plot summary The main character is a shy, lonely, middle-aged man named Gil Stewart. . With a stock split on Dec. 31 and recently trading in the $42 range, Cameron could hit $50 to $55 within a year and a half, he maintains. Shares of Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. were basically flat, but an expanding array of uses for its arthritis arthritis, painful inflammation of a joint or joints of the body, usually producing heat and redness. There are many kinds of arthritis. In its various forms, arthritis disables more people than any other chronic disorder. drug Humira should help lift its price to $63 within 18 months, Baker says. "The market just keeps expanding, and the drug is turning out to be a huge success" But what about insurer American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. and handbag-and-accessory retailer Coach Inc., which fell a dizzying 40% and 42%, respectively? Hold on to them, Baker advises. AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group was hurt by exposure to bad mortgage debt, but the main insurance business is sound, and the company has plenty of capital. Within 18 months, AIG could move from a recent close in the $40s to $55, Baker predicts. Coach has been hurt as consumers have increasingly kept their purses shut. But its depth of products and overseas penetration--especially in Asia--should add up to 20% annual growth over the next several years. It could climb about $4 a share to $35 or more within 18 months, Baker believes.
Price Price Total
Company (Tidrer) 3/7/07 3/14/08 Return
Abbott Laboratories (ABT) $51.48 $51.38 -0.2%
American International Group (AIG) 68.39 41.18 -39.8
Cameron International Corp. (CAM) 28.88 42.73 48.0
Coach Inc. (COH) 48.22 28.03 -41.9
Total Portfolio
S&P 500 1,391.97 1,288.14 -7.5
Current Value of
$4,000 Investment: $3,661.06
* REFLECTS STOCK SPLITS AND DIVIDENDS
SOURCE: YAHOO FINANCE
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