Banking, finance, and taxes

Top Stocks from Top Managers (BAC, CMCSA, RF, CIT, C, AFL, NWS, KO, SYY, BCR)

Many investors chase famous and well-known portfolio managers’ newest stock picks.  After all, if you can piggyback on Warren Buffett, Bruce Berkowitz, and others… why not?  Morningstar has shown some of its top managers as Fairholme, Yacktman, Columbia Value &…

By Jon C. Ogg
Published May 5, 2010, 10:31am ET · 1 min read

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Many investors chase famous and well-known portfolio managers’ newest stock picks.  After all, if you can piggyback on Warren Buffett, Bruce Berkowitz, and others… why not?  Morningstar has shown some of its top managers as Fairholme, Yacktman, Columbia Value & Restructuring, Dodge & Cox, and Hartford Capital Appreciation.  More importantly, it has shown some of their “highest conviction purchases” with a current share price compared to what each feels is a fair value for the stock.  These are Bank of America Corporation (NYSE: BAC) at 0.71-times fair value; Comcast Corporation (NASDAQ: CMCSA) at 0.82-times fair value; Regions Financial Corp. (NYSE: RF) at 0.88-times fair value; CIT Group, Inc. (NYSE: CIT); Citigroup, Inc. (NYSE: C) at 0.67-times fair value; AFLAC Inc. (NYSE: AFL) at 1.04-times fair value; News Corporation (NASDAQ: NWS) at 1.1-times fair value; The Coca-Cola Company (NYSE: KO) at 0.94-times fair value; Sysco Corp. (NYSE: SYY) at 0.9-times fair value; and CR Bard Inc. (NYSE: BCR) at 1.03-times fair value.

Read the full article and detailed analysis from The Morningstar Ultimate Stock-Pickers Team.

Contact [email protected] for any questions or corrections.

Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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