September 14, 2011 |
After years of chronic underperformance, Fidelity Investments dumped the manager of its flagship Magellan fund. The mutual-fund giant announced that Jeffrey S. Feingold will succeed Harry Lange at the helm of the perpetually troubled fund. Magellan was one of the best-known and most successful funds in the 1980s under legendary manager Peter Lynch. But the fund has run through a string of poorly performing skippers since Lynch's retirement in 1991, and Lange ranked as one of the worst.
July 24, 2011 |
Question: I am a disgruntled Bank of America Corp. shareholder. Is there reason to expect improved results? Answer: The question for shareholders is how quickly the company can put mistakes behind it, significantly improve its controls and use its enormous size to greater advantage. It became the biggest U.S. bank after acquisitions of Countrywide Financial and Merrill Lynch, but in coming months it's likely to slip into second place in assets, behind JPMorgan Chase & Co. Sluggishness stems from bad loans from acquisitions and from lax practices in the past.
February 27, 2011 |
Question: Can the stock of Estee Lauder Cos. keep rising? Answer: This diversified skin-care, makeup and fragrance company has some attractive opportunities. Known for such brands as Clinique, Aveda and American Beauty as well as its Estee Lauder line, the company recently increased its short-term profit forecast, citing the return of luxury consumers to U.S. stores and significant gains in overseas markets such as China. In the fiscal year that ended June 30, Estee Lauder's earnings more than doubled to $478 million as sales rose 6.4% to $7.8 billion.
February 13, 2011 |
Question: I have seen stories lately about Molson Coors Brewing Co. How about that as a stock investment? Answer: You might not have expected Russians to be drinking Coors Light this winter, but this giant global brewer began distributing the beer in Moscow last year. The company also entered a joint venture with China's Si'hai Beer Co. to produce Coors Light and market it using a Chinese name that translates as "silver bullet. " The Denver company, formed by the 2005 merger of Adolph Coors Brewing Co. and Canada's Molson Inc., has cut costs and improved efficiency.
September 19, 2010 |
Question: I would like your opinion of my shares of Equifax Inc., which I have owned for some time. Answer: Equifax is one of the three major credit bureaus, along with TransUnion and Experian, whose core business is helping lenders assess the creditworthiness of prospective borrowers. There is little price competition in the industry, and it would be nearly impossible for a new competitor to amass comparable databases. As a result, the company is highly profitable, especially during strong economic periods, when many loans are being made.
August 8, 2010 |
Question: We hold shares of McDonald's Corp. in my son's college account. How strongly do you see them performing? Answer: In this, the summer of its new fruit-flavored yogurt smoothies, the world's largest restaurant chain is having a smooth ride. The latest offering in its McCafe drink line represents another in a long line of aggressively marketed items. Although McDonald's hasn't displaced Starbucks in the premium coffee market, it has made its mark as a noteworthy rival in that field.