Word: muhlenkamp
(lookup in dictionary)
(lookup stats)
Dates: during 2002-2002
Sort By: most recent first
(reverse)
...housing market has defied the economic slump, so have the stocks of homebuilders, home-renovation stores and mortgage lenders. But is it time to dump these stocks? Fund manager Ron Muhlenkamp says Lowe's, whose stock has risen 42% in the past 12 months, no longer looks like a bargain. Ditto for sub-prime lenders like Countrywide, which may be hit hard by the upturn in mortgage delinquencies, says portfolio manager David Dreman. However, Dreman says, big lenders such as Fannie Mae, which have less exposure to risky credit, should continue to perform well. Homebuilder stocks such as Centex...
...smartest plays are "adult toys," says Ron Muhlenkamp, manager of the $750 million Muhlenkamp Fund. He owns stock of the recreational vehicle manufacturer Winnebago, which is a play on the second-home trend. For the same reason, he also holds shares of homebuilders Toll Bros., Meritage, Centex, NVR and Beazer Homes. Harley-Davidson is on his radar, though he considers the stock overpriced. Muhlenkamp, 58, who bought his first new Harley when he was 49, notes that many new Harley purchasers are in their late 50s. The average age is 46. A lot of folks want one after they finish...
...Muhlenkamp particularly likes companies whose products can command full retail price. That's where margins will hold up. "You think someone who always wanted a $200,000 mobile home is going to haggle?" he asks...
...firm United Healthcare as well as select financial services stocks, including fund company Franklin Financial Advisors. He also believes Starbucks will benefit from retirees with time on their hands--he's long decaf. His fund is 50% driven by age-wave considerations, which are the main driver at the Muhlenkamp Fund. Those two funds are one-stop investments for the trend. Other funds guided by shifting demographics include AIM Dent Demographic Trends, Fidelity New Millennium, Morgan Stanley 21st Century Trend, Invesco Leisure and Phoenix-Seneca Strategic Equity Theme funds...