Beating the Bear

Our panel of experts offers thebest strategiesto protect your wealth in today's market

high. It’s a stock that we think can go to the low 60s over the next 12 to 18 months.”

Lucent Technologies Inc. “I still believe in the telecommunications area and I think that although there is tremendous overcapacity, it has all been discounted in the price of the stock. They are aggressively looking to sell off some of their businesses, which I think will let people know that they will be around to weather the storm. It reminds me of Citigroup back in the ’80′s, when everybody said Citibank was going under.”

October 2000 B.E. Stock Update

One thing is clear: the bears took a sizable chunk out of most of the stocks that were selected by last October’s roundtable participants: Doris Kelley-Watkins, portfolio manager of Evergreen Utility Fund, which invests in a board spectrum of utilities including telecoms and power firms; Stephen Coleman of Daedalus Capital, who takes a “focused equity” approach to investing; Stephen Humphrey, portfolio manager of Lord Abbett Large Cap Growth Fund; and Nathaniel Carter, chief investment officer of value-oriented Lakefront Capital Investors. As you would expect, telecoms and tech stocks were the most badly bruised. But there were some winners: Investors reaped sizable returns from Great Plains Software, one of Coleman’s picks, that was acquired for $1.1 billion by Microsoft (Nasdaq: MSFT) in April.

The chart below reveals just how well our stock pickers performed:

Doris Kelley-Watkins, Evergreen Utility Fund

Company (Exchange: Ticker)

Current
Price

Price at
Recommendation

Total Return

Current Value
of $1,000 Investment

Nextel (NYSE: NXTL) $14.33 $ 57.00 -74.86% $ 251.40
Crown Castle (Nasdaq: CCI) 9.65 36.47 -73.54 264.60
Consolidated Edison (NYSE: ED) 41.79 32.38 29.06 1,290.61
Stock Pick Average     -39.78%  
Current Value of $3,000 Investment       $1,806.61
Stephen Coleman, Daedalus Capital

Company (Exchange: Ticker)

Current
Price

Price at
Recommendation

Total Return

Current Value
of $1,000 Investment

Adobe Systems (Nasdaq: ADBE) $34.05 $58.09* -41.38% $586.16
Broadcom (Nasdaq: BRCM) 42.55 238.94 -82.19 178.08
Stock Pick Average †     -61.79%  
Current value of $2,000 investment †       $764.24
Stephen Humphrey, Lord Abbett Large Cap Growth Fund

Company (Exchange: Ticker)

Current
Price

Price at
Recommendation

Total Return

Current Value
of $1,000 Investment

General Electric (NYSE: GE) $42.57 $53.38 -20.25% $ 797.49
Corning (NYSE: GLW) 16.19 91.34* -82.28 177.25
EMC (NYSE: EMC) 17.26 85.50 -79.81 201.87
Stock Pick Average     -60.78%  
Current Value of $3,000 Investment    
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