Rogers: Since l983 our newsletter has been named The Patient Investor with the message: maximum fear breeds maximum opportunity if you are rational and long term in your outlook."
Like Count Dracula we are always interested in new blood and we have landed four fine newcomers who have never picked a stock for us.
In baseball there is a legend about a scout who came to see the veteran manager Connie Mack. He was all excited about a prospect who pitched a no hitter and only one batter even hit a foul. "Sign up the guy who hit the foul", Mack ordered. "We already have too much pitching."
In that spirit we give you
Thomas Forester, the pride of Libertyville, IL Tom was the only stock mutual fund manger among his 8,200 peer diversified U.S. equities offerings to post a gain for 2008. It was 0.4%.
Don't knock it. That made him Number One for 2008 as his rivals had an average 39% loss and some famous names went down 45%.
After a stint managing $50 million for Sir John Templeton and then some others, this fifty-year-old turned entrepreneur. In l999 he founded his mutual fund with his own money initially operating out of his home. Now up to $70 million in assets
Forester Value Fund (FVALX-8.78) has a portfolio with over 65% of its stocks with a market cap of over $8 billion.
"I'm going with
Microsoft (Nasdaq:MSFT-17.06.)" says Forester. "It is a good All Weather stock. It should weather this economic downturn well and will do nicely when things pick up. Specific reasons that I like it are: cheap valuation down 40% in twelve months; a P/E of only 8.9 times trailing 12 months earnings; a 3.2% dividend yield, a strong balance sheet with no long term debt and a triple A rating. With over $20 billion in cash, unlike many financial institutions, MSFT's dividend is completely safe. Corporate server software growth has made up for the slowdown in office suite sales. Virtualization sales are growing." MSFT's total stock market cap of $149 billion is the largest of any of the 15 Favorites of the Famous picks in this feature. Clearly Forester is a bigger is better batter.
With our old guru Sir John Templeton "gone home" as he referred to dying, we turn to his grandniece
Lauren Templeton of Lauren Templeton Capital Management, LLC. Here is the first question we would ask Sir John if he were around today and she should know. In December 2008 she sent out her first newsletter, The Maximum Pessimism Report.
www.maximumpessimism.com The title is from Sir John's,"Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy."
Granduncle John encouraged and trained this willing pupil. He even suggested she start a mutual fund as soon as she graduated from high school at 18. Instead, she attended college and graduated in 1998 from the University of the South, located at Sewanee, Tenn. and added a year at Oxford, before letting Sir John help set her up in her very own investment firm at 24. "Value investing the Templeton way" still survives. Now a veteran at 33, Lauren is overseeing assets of $160 million.
How about it, Lauren? Are we at that buying time?
Actually, Sir John taught that you only knew the moment when you looked back. But Lauren notes that there are enough signs we are near enough now to begin buying. The way Sir John would look at today's market is there is more potential long run on the upside than the downside. Market timing is speculation not investing. History shows that if you are not in the market when things look their worst then you are nearly guaranteed to forfeit 20% to 25% of the returns that come from the initial rush off the bottom floor. (It is ok to avoid stocks of a relatively overpriced country or underweight them as Sir John was doing with U.S stocks at his death. He felt American stocks would have some wonderful buys again when our average P/E once more declined under 10.)
"Sir John's last great investment play, which has yet to be fulfilled was that China would rise in the decades ahead (and that the total stock market cap of China stocks would exceed that of all U.S. stocks)," Lauren says. "In fact, some felt Sir John had lost it when he made that extreme call, but the long term will probably prove him right again."
So Lauren has a China pick for us. Americans who travel in China are often struck by how precious paper is. Paper products are usually thinner, more transparent and used more conservatively than in our wasteful homeland. Also as China's billion plus population increases and continues to become more prosperous and spend more per capital the need for paper can only increase.
Enter
Sino-Forest (Toronto Stock Exchange TRE.TO Cnd $7.47), a forestry plantation operator in the mainland of China, down over 70% from a previous high Cnd $25.12. It is considerably discounted versus intrinsic value on several yardsticks. Shares trade at 4.9x EPS, 0.7x Book Value, 2.2x Cash Flow and 1.8x Enterprise Value/EBITDA. This extreme discount is owed to near-term exaggerated concerns over the global recession's impact on China and ignores the wonderful longer-term horizon. As one of the leading forestry plantation owners in China, Sino-Forest is as well positioned as possible in the industry as its record demonstrates. Since 1994, the growth rate in sales has compounded at 31.4%. The fundamental driver supporting this is that there are not enough trees to go around in China. Per capita consumption for wood in China is only 6% of the U.S. average, providing a tremendous growth opportunity.
Besides her stock pick, Lauren also leaves us with a reminder to focus on Sir John's positive thinking. Long run productivity and world living standards will continue improving, though still evolving mankind will sometimes fall one step back before taking two steps forward. Buy bargains when others are selling or neglecting good stocks, and you will do well when the mob decides to join the parade just when it is ending.
Is Templeton alone in her love for China stocks?
Not at all.
Chairman Russell Cleveland of RENN Capital Group, just back from Galapagos feeling great because no financial news could reach him, also chose a China stock with superior management and growth and a very low P/E.
His choice is
HLS Systems International LTD. (Nasdaq:HOLI-2.80), the largest domestic automation and control company in China. Specifically, it designs, implements and maintains patented control systems for China's rail, nuclear and industrial sectors. For the December quarter, HOLI reported record revenues up 22% and non-GAAP earnings up 114% over the same period last year. The gross margin came in at 34.6% against 25.9% last year. On a non GAAP basis it earned $11.million on $52.5 million of revenues for a net earnings margin of 21.1%. HOLI continues to benefit from the People's Republic of China stimulus plan and its emphasis on high speed rail infrastructure build-out across the country. HOLI's backlog was $164.2 million up from $121.4 million in the same period last year. Given a strong $86.4 million cash position, HOLI has an enterprise value of just $67.2 million. "This emerging growth company is selling for just 55% of revenues and 65% of book value," says Cleveland. "This is ridiculous for a company which is destined to become "the Honeywell of China."
Russell's Renaissance Capital Growth and Income Fund 111 (NYSE inter RCG-2.70) ranks as one of the best past special situation recommendations Bob Flaherty ever made. The offering price of RENN was $10 and it distributed over $19 reducing the purchase price below zero so the annual return is INFINITY!
Now Russell is changing its name to
RENN Global Entrepreneurs Fund, Inc. As it becomes a non diversified closed end fund, RENN will be able to buy more U.S. - based China and foreign enterprises as well as home grown promising entrepreneurially managed emerging growth stocks. "This stock market dive has created one of the best opportunities in history for investors to find values," says Cleveland. "We want our share!"
At the Revolutionary War Battle of Bunker Hill General Israel Putnam ordered his men not to fire until they saw the whites of their eyes. Is his descendant
Tom Putnam, founder and CEO of Fenimore Asset Management, keeping his own powder dry? "Yes, we've got about 20% in cash in the funds, but we've been deploying some because values are so compelling and we see a lot of opportunities," says Putnam, whose two no load
FAM Value Fund and
FAM Equity-Income Fund (www.famfunds.com) own roughly 70 stocks with $1 billion in assets, down from about twice that.
While values are compelling for the long term, Putnam's biggest concern is the fear generated among investors because there is so much uncertainty about the unintended consequences of government intervention under President Obama.
"Companies that need to raise survival or growth capital are just crippled today," Putnam warns. So his team fills his portfolios with quality companies that have good market share positions not only in their industries, but have strong characteristics of generating free cash flow accompanied by low debt balance sheets. Bear markets often go down further than anyone expects and are partially driven by non economic emotional factors like fear and panic. "We want not only survivors now, but winners in the next economic rally."
Putnam's pick is
McGrath Rentcorp (Nasdaq:MGRC-16.54) with a market cap of almost $400 million, no debt, a dividend yield of over 5% and free cash flow. It rents modular classrooms and mobile offices primarily in California, Texas and Florida. It also rents electronic test equipment in the U.S. and Canada.
In this financial crisis schools which need more classroom space but have local budget problems go for more portable space because they can't afford to build. Likewise, users who would have bought test equipment are more apt to rent.
McGrath recently acquired NJ-based Adler Tank Rental which offers liquid and solid containment solutions for storage of hazardous and non hazardous materials. Its tanks are used in energy, environment, industrial and constructions applications. For example some store fluids used in recovery of oil and gas from the ground.
Historically since l980 McGrath has an earning per share growth rate around 14% annually and an average return on equity of 18%, very favorable cash flow even during fluctuating economic cycles. Management is financially astute. On 2008 revenues of $304.2 million net income dipped 3%, but earnings per share rose 3% because timely buy-ins shrank the number of shares outstanding. Earnings should be down perhaps 20% in 2009 but set new records when normalized.
But it is tomorrow's possible share price that counts. When the economy recovers McGrath should be able to put more rental units in new geographic areas, and the acquired tank rental units should also expand with increased government emphasis on environmental fixes, increased energy and infrastructure needs.
"We will get through this," says Putman, one of the most optimistic of all 15 Favorites. "We are in the 15th month of a recession now. At the very worst we may endure perhaps another declining nine months. Usually the stock market turns up six months before the economy. With so many good values everywhere, we must be close to the bottom."
One of the steadiest stock performers ever,
Larry Rader's career is like a history of what happened to the stock market since the early Soaring Sixties. The original Go Go Kid from the first 100% portfolio turnover days, MIT-educated Rader went overnight from being a hero one day to a bum the next as the speculative technology bubble burst.
Reinventing himself, Rader became a student of identifying outstanding small cap non technology growth stocks and rose to head small cap research at Merrill Lynch in the days before investing was replaced by gambling.
Now 71 Rader still manages money for old friends, and plays snow bird between New York and West Palm Beach, Fl. Did Larry like other retired top Merrill Lynch executives get caught in the Ponzi scheme? "We didn't have any money with Bernie Madoff," quips his wife Harriet. "We lost it all by ourselves."
"Our 73-74 crash was a cake walk compared to today," Rader begins. "This one is different from anything I have experienced. The panic is not just financial, but economic and global too. I hope this is over in three years, not because there is any reason to believe that but because the consequences, especially social unrest, would be so dire if it goes on. It is not likely to last ten years. If it did, the world as we know it will be gone. For the first time I have no idea what will happen."
"I don't either," responded Bob Flaherty. "I am in favor of change like improving public education, healthcare, energy use and the environment. But grandstanding political moves like bashing business could cripple risk taking and job creation, delaying any recovery. How are you managing money while being confused? "
Rader's answer is to stay with about 16 quality companies with managements he knows very well and has closely followed for several years.
FTI Consulting Inc. (NYSE:FCN-47.18) is his pick for us because of its substantial market cap of $2.4 billion, over $1 billion in revenues and that it consistently surprises him by coming through a bit better than his other holdings. It has the quality of survivability and the resources to prosper when the recovery starts.
Actually benefiting from some of our past and current problems, FTI has established tremendous leadership positions in several different fields of endeavor, ranging from high technology to booming forensic accounting. The latter reconstructs past transactions and assists in bankruptcies. Employees are high level degree holders and usually have at least two degrees, 15 to 20 years of experience and are highly compensated. "Under CEO Jack Dunn FTI could expand its consulting area because having a good reputation attracts more good people and superior acquisition prospects," Rader continues.
FTI's outlook for the next several years is quite positive with projected 12% to 20% revenue gains and annual earnings growth of over 20%. Serving several growth industries, FTI can maintain good momentum in a rapidly changing world.
Are these wonderful growth stocks bargains too safe for you? Are you feeling bored? Then let us plunge into the murky waters for a highly speculative start-up plucked from the wild and wooly illiquid Pinks Sheets. For old time's sake, we should have at least one.
And who better to pilot us than a real live behind enemy lines spook?
Martin Wilens is a semi retired money manager for high net worth individuals at St Michael's Association and Bethesda Partners. A nuclear engineer from Cornell '57, Wilens is a former Deputy Manager of world's first commercial passenger-cargo nuclear powered Nuclear Ship SAVANNAH. Marty has just completed a 75,000 word book
South of Saigon based on his adventures accompanying air-cushion (hovercraft) to the Mekong Delta during the Vietnam War.
As an Acting Captain in the U.S. Navy he volunteered to go into Cambodia when our U. S. Government did not acknowledge to the world and our own citizens we were in there. He helped to figure out how 70,000 Vietcong were being supplied from North Vietnam. If anything went wrong these spooks could not have been given important instructions to do what needed to be done in our national interest by non existent superiors who weren't there. In fact, they weren't there either, which is why their moniker is "spooks." You didn't hear it from me.
Here is Marty's Pink Sheet Pick. Our new President Obama has budgeted $37 billion for innovative green energy sources over the next five years with the promise that this is just the beginning. A national crash program to develop clean, renewable energy is right up the alley of little known Los Angeles-
based Hydrogen Hybrid Corp. (Pink Sheets: HYDB.PK-1.01.)
HYDB appears to have engineered a "low temperature fuel cell" capable of employing classic anode cathode technology to emit hydrogen gas in the form of twice as much hydrogen molecules as it discharges oxygen and water. This technology that releases or frees the hydrogen molecule from methane gas (usually CH4) is known as fuel reforming. Fuel Cell Efficiency is a function of electrolyte composition and the stacking and geometry of the fuel cells themselves. Founder and CEO Kenneth Owen claims an average of 32% improvement in fuel consumption while dramatically reduced emissions are achieved.
Management is also on the verge of utilizing a 2,700 acre tract of property in the northern reaches of the County of Los Angeles to further the County's March 1st announcement that wind towers are to be constructed on their tract. Whether its hydrogen generation or wind, HYDB is poised to take advantage of the Green Energy Act to reduce emission in the carbon -clogged Port of Los Angeles.
How will management find financing to carryout their ambitious plans? HYDB has about 29 million shares outstanding which gives it a market cap of slightly over $29 million. "We have no debt so we are golden," adds CEO Ken Owen. Besides hoping to raise a few million from private sources, HYDB will go after some of those trendy $6 million to $10 million in green government grants available for alternative energy pioneers who will help to clean up our polluted environment and LA is a trouble spot. (www. hydrogenhybridcorp.com)
In the best Templeton tradition, we should strive to diversify globally. Sir John argued that no more than 25% of your equity should be in any one country, especially your own. Considering our own recent era of mismanagement, greed and lack of transparency who could argue with him? Besides his final favorite China, Sir John liked the growth prospects in India, Brazil, Russia and Europe.
In an investor forsaken place
Larry Auriana, co founder of
Federated Kaufmann Fund (KAUFX-3.21) and
Federated Kaufmann Small Cap Fund (FKCSX-11.96) likes a stock recently down 92% from $110 to as low as $4.67
Central European Media Enterprises, Ltd. (Nasdaq: CETV-9.60.) The Eastern European countries are in big economic trouble and frightened shareholders have been dumping. But investors have thrown this promising baby out with the bathwater. CETV invests in, develops and operates TV channels in central and Eastern Europe. Things may be bad, but are Eastern Europeans going to stop watching TV? Some might watch even more to escape or because it is cheaper than going out to movies. Look at the future. With properties in Bulgaria, Croatia, Czech Republic, Romania, Slovak Republic and Ukraine this fallen angel has been so beaten down most of the potential movement of this more than $1 billion in revenues enterprise should be on the upside.
The troubled Russian stock market was the worst performing major emerging market in 2008 and fell 74% with the Moscow Stock Markets sometimes even shutting down. With a flight of capital and a poor economy, the ruble has crashed with the price of oil and other commodities. Relations with the west have degenerated, corruption is rampant, journalists and human rights lawyers who criticize the Kremlin are knocked off. An increasingly autocratic regime has turned bellicose, anti American and worse for foreign investors -confiscatory. All of these problems have put the Russian stock market at an extreme discount. Who can we trust to pick the best bargain?
As any movie buff who has watched
The Terminator knows, after machines take over the world and nearly destroy the human race, we will be saved by a hero
John Connor. But until the machines take over, he has to do something. We found him found him managing the appropriately named
Third Millennium Russian Fund (TMRIX-$9.90). And he does have a Russian stock for you.
Lukoil (Pink Sheets: LUKOY.PK-38.14) is an ADR for Russia's largest non-state controlled oil producer and one of the best bargains in the world. Down about 66% from its 12 month high of $115, Lukoil's stock market cap is a fraction of Exxon's but Lukoil has double the reserves. When the global economy recovers and the price of oil soars, so will the shares of Lukoil.
No portfolio today is truly balanced without participation in commodities and Brazil. For help I turned to
Douglas Makepeace of New York City based
Sperry Fund Management. Doug was a close friend and country sector advisor to Sir John and the author of
A New Way to Choose Money Managers for Greater Safety & Higher Returns.
"The easy way to buy Brazil is an Exchange Traded Fund, which is as liquid as water and regularly trades millions of shares daily," says Makepeace.
iSharesMSCI Brazil Index (NYSE internext:EWZ-$38.05) has a yield of 6.3%, a trailing 12 months combined P/E of 7.3 and is a bargain down about 65% from its 12 month high of over $102. "EWZ's biggest component is Petrobras (NYSE:PBR -32.27), and other big ones are Companhia Siderugica Nacional (NYSE:SID-14.98), the huge integrated steel/ore company and CdoRioDoce. So Brazil is now more a natural resource play."
Now it is time for us to salute the amazing wonderful absolutely real long term performance of unheralded 91-year-old
Max Bowser, the active and highly amusing editor of
The Bowser Report.
www.ministocks.com Veteran of many wars, reporter, author and editor, Max doggedly stuck to covering his niche of quality stocks under $3 and was ridiculed by the media. His critics dismissed all very low priced shares as penny stocks to be avoided.
Surprise! From August 9, 2001 to March 2, 2009 Bowser Microcap Stock Index is up 66%, while the Dow Jones is down 34% and the Russell 200 Stock Index is down 23%. Since l977 Max has recommended 550 issues. While more went down than up, 16 gained over 1,500%, 33 went up 500% to 1,500% and a boatload of the others doubled. After the shares of A.I.G. and Citigroup sold under $1, NYSE temporarily suspended its $1 rule and so has Nasdaq. But Max did not pick a big lemon for us but another little diamond. It is the only choice among our Favorites' 15 to have recently hit an all time high. Here is what Max wrote for us:
"ZAGG, Inc. (ZAGG.OB-1.66) is a rare stock which is close to its all time high because its youthful aggressive management has performed so well. ZAGG's cashing in on the popularity of the iPod, cell phones and other hand-held expensive electronic devices. It offers its invisibleSHIELD™, which is a spray on film that protects the devices from everyday wear and tear like scratches. Just what you need to get rid of bulky heavy protective cases when you fly and reducing excess weight is important. It also offers over 2,500 precision pre cut designs with a lifetime replacement warranty through online and many other retail alternatives. ZAGG's film fits so tightly and is so sensitive that it even offers protection for the products that have touch screen interfaces. Over one million units have been sold.
With this Salt Lake City Company going global growth should continue to be exceptional. In 2005, sales were just $2.8 million versus about $20 million in 2008 and perhaps $35 million in 2009. ZAGG became profitable in 2008. This success is due not only to the excellent products and service, but also to an extensive marketing machine. There is a strong balance sheet with no long-term bank debt."
Let's hope 91-year-old Max lives past 100 to give us many more nifty little emerging growth stocks like ZAGG.
Marc Liu of
Capitol Isle Partners LLC sent us a gold play. "I've waited three years for an entry position on
Northern Dynasty Minerals Ltd. (NYSE Alternext: NAK-6.16)," says Liu. "It looks like we are close."
Geronimo! NAK has a 50% interest in southwest Alaska's Pebble copper-gold-molybdenum project. Management claims that this is "one of the world's most important copper and gold developments" with an estimated 72 billion lbs of copper and an almost ignored 94 million oz of gold. With cash reserves of $37 million, NAK shareholders include mining and metals giants Rio Tinto at 19.8% ownership and Mitsubishi Corp. at 11%. Good company for the little investor as gold can be both a safe haven and a hedge against inflation.
Marc Liu also adds a frightening apocalyptical vision. As our world economy stands perched on what threatens to be a Second Great Depression even worse than the first, we appear to be retracing the pattern of the 30s when cash becomes king and the price of gold soars. If stocks collapse again and the falling Dow Jones Average holds Dow 3500 by July 2010, the price of gold should explode upward to $3,500 an ounce by early 2012.
Now let us shift from ultra pessimism to ultra optimism and to an indomitable friend who gets up every time life knocks him down. Few of our famous Favorites have known such extreme highs and lows in their careers as Greenwich Village gadfly
Ray Dirks. The whistle blower got fired for exposing the Equity Funding Fraud and then was even charged by the upset embarrassed SEC for insider trading even though he hadn't bought or sold short a single share. After years of refusing to sign a consent decree, he battled them all the way to the U.S. Supreme Court where the Mighty Mite was vindicated. He also became the first person the U.S. Department of Justice sided with against its own SEC. Today Ray, who went on to head his own brokerage firms and work for many others, is just a private investor who uses his skills to identify bargains. Readers should assume he is or may invest in anything he discusses. (In fact, readers should make the same assumption about all the stock pickers in this feature.)
Back in November 2008 Ray Dirks picked as his favorite stock for 2009 Swiss based and globally backed
Mymetics Corporation (MYMX.OB-0.20.) See Flaherty Financial News newsletter of January 13, 2009 archived at our website
www.flahertyfinancialnews.com for Ray's comments back then. Also in the same issue is a separate MYMX- sponsored January snapshot profile for which MYMX was billed by FFN for 35,000 free standing MYMX shares.
The giant pharmaceutical companies have spent huge amounts seeking a cure for HIV/AIDS but so far all have failed. Surprisingly, this little known Swiss-based start up has taken the lead in the race with its mucosal approach for inhibiting the transmission of the HIV/AIDS virus in humans. With around 200 million shares outstanding at around $0.20 a share, the total market cap is about $40 million. That is the downside risk. The upside is just tremendous with only 40 million shares in the float, of which two institutions own approximately 18 million shares. Ray believes shares of Mymetics could soar to $2 or $3 within two years and join his ten best past picks which became 10,000% gainers otherwise known on Wall Street as "Ten baggers."
"I have to stick with MYMX," says Dirks. In March MYMX executed a Share Purchase Agreement for an important acquisition which will expand its current portfolio of vaccines from two to three as well as two further important collaborations. The current portfolio of vaccines includes an HIV/AIDS early stage preventative vaccine in a Phase I Human Clinical trial in Belgium and a Malaria vaccine in a Phase Ib Human Clinical trial in Tanzania. The acquisition brings two virosome based collaborations, a nasal delivered influenza vaccine in a Phase II Human Clinical trial in collaboration with the Solvay Group (NYSE Euronext SOLD.BE) and in collaboration with MedImmune, an AstraZeneca company, a Respiratory Syncytial Virus vaccine under pre-clinical testing used to treat a major cause of respiratory illness in young children, as well as Bestewil's Herpes Simplex Virus development. This acquisition will give Mymetics a total pipeline of three vaccine candidates plus enhances their proven vaccine delivery system, which has been proven safe and effective for vaccines. These collaborations should provide initial revenues if certain milestones are reached in 2009/2010.
At present there are about 33 vaccines in circulation. Over 1,000 viruses could be addressed in the immune system and there are multiple applications for Mymetics' acquired virosome delivery system in their treatment. "The trend to develop new high margin vaccines such as Merck's anti cervical cancer vaccine will continue to grow in the future," predicts Dirks. "It's cheaper to prevent than to cure."
Mymetics has an exclusive worldwide license to use the unique virosome® technology for its prophylactic HIV/AIDS and Malaria vaccines. Mymetics Malaria vaccine has completed a first round of Human Clinical trial Phases I and II on adults in Switzerland and in the U.K. for testing of an initial two-antigen formulation. A Phase Ib clinical trial has been launched in Tanzania to extend the protocol to children and teenagers in this naturally endemic geographical area. Results are expected this fall. A new cycle of Phase I and II Clinical trials with four/five antigens is scheduled thereafter in the first quarter of 2010.
Mymetic's goal is to get to Phase II with its HIV/AIDS, Malaria and other vaccines that may be acquired in the interim before Phase III commences. Mymetics has engaged investment banker Lazard to help Mymetics reach its long term goals. Success would create a highly desirable acquisition target. With dedicated wealthy individual backers, Mymetics should be able to raise the financing to complete the development work, verify the efficacy of their vaccines work and get to the finish line. The odds against finding a cure or vaccine for AIDS/HIV remain significant, but Mymetics currently looks like the most promising contender in the race.
As our first
Flaherty Financial News "If You Could Love Only One..." feature reaches readers stocks been recovering a bit. We do not know if this is the start of a real rally or a bear trap. No one knows the future. The global stock market is filled with outstanding value and those who are not frozen with fear and buy a diversified batch of quality stocks at bargain prices to hold for the long run should do well. At least they always have. With trust in God and in ourselves we will meet all the challenges ahead. Fortune Favors the Brave!
Bob Flaherty
Flaherty's Favorites of the Famous-2009
Company Trading Symbol 3/20/09 Price Money Manager AMDL Inc. NYSE internext: ADL $0.86 Bob Flaherty*
Ascent Media Nasdaq:ASCMA 25.13 Mario Gabelli
Central European Media Nasdaq:CETV 9.60 Larry Auriana
FTI Consulting NYSE:FCN 47.18 Larry Rader
HLS Systems Nasdaq:HOLI 2.80 Russell Cleveland
Hydrogen Hybrid Pink Sheets: HYDB.PK 1.01 Marty Wilens
iShares MSCI Brazil NYSE internext:EWZ 38.05 Doug Makepeace
Jones Lang Lasalle NYSE:JLL 19.83 John Rogers
Lukoil Co ADR Pink Sheets: LUKOY.PK 38.14 John Connor
McGrath Rentcorp Nasdaq:MGRC 16.54 Tom Putnam
Microsoft Corp Nasdaq:MSFT 17.06 Tom Forester
Mymetics Corp OTCBB:MYMX.OB 0.20 Ray Dirks
Northern Dynasty Minerals NYSE internext: NAK 6.16 Marc Liu*
Sino Forest Corp Toronto: TRE.TO Cnd $7.47 Lauren Templeton
ZAGG Inc. OTCBB:ZAGG.OB 1.66 Max Bowser*
March 20, 2009: S & P 500 786.11 *Financial Writer
GIVE Flaherty Financial News A TRY!: If you have a good company which only needs more exposure to become better known, we know how to make companies come alive and to put your activities into words ordinary investors can understand. In addition to just doing regular financial reporting, FFN also offers for a properly disclosed fee sponsored distribution over the Internet of ideas we uncover. Also we offer more detailed sponsored company profiles and Flaherty Special Situations, which can be distributed beyond our core base. For details, please contact our President and Publisher Brian Flaherty at 914-539-0688.
