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...moderated by TIME senior writer DANIEL KADLEC. The experts: Seymour Lotsoff, senior managing director at hedge-fund firm Lotsoff Capital Management; Dagny Maidman, managing director of private client services at Bank of America Securities; Robert Smith, manager of the T. Rowe Price Growth Stock Fund; and Tobias Levkovich, U.S. equity strategist for Smith Barney. Their thoughts...

Author: /time Magazine | Title: Board Of Money Managers: Investing in a Recovery | 9/15/2003 | See Source »

...TOBIAS LEVKOVICH: Most people are colored by the high returns in the latter part of the '90s. Annual appreciation compounded for the past 50 years, counting dividends, is about 10%. Going forward, we would argue that you're looking at something like 7% from stocks. That could move higher if companies start paying more in dividends, which is beginning...

Author: /time Magazine | Title: Board Of Money Managers: Investing in a Recovery | 9/15/2003 | See Source »

...LEVKOVICH...

Author: /time Magazine | Title: Board Of Money Managers: Investing in a Recovery | 9/15/2003 | See Source »

...nearly twice the deficit that Morrison Knudsen acknowledged as recently as February. To make matters worse, the firm remained in technical default on $225 million in loans from Bank of America, J.P. Morgan and other lenders. "We are beginning to seriously doubt the company's viability," says analyst Tobias Levkovich, who follows the firm for Smith Barney...

Author: /time Magazine | Title: THE WRECK OF MORRISON KNUDSEN | 4/3/1995 | See Source »

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