|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
7 Once-Stellar Funds Poised for a Comeback
Posted by: guruek (IP Logged)
Date: December 8, 2008 02:33PM
Lately it seems like whenever we talk to advisors and industry watchers, there's one fund family that generates the most discussion: Dodge & Cox. The venerable 78-year-old firm got caught this year holding stocks like Fannie Mae (FNM: 0.87, -0.01, -1.13%), AIG (AIG: 1.94, +0.10, +5.43%) and Wachovia (WB: 5.85, +0.58, +11.00%) as those companies spiraled downward. That's caused the flagship Dodge & Cox Stock (DODGX) mutual fund to post a 47.7% loss in 2008, worse than the S&P 500 index's 41.1% decline and far worse than a majority of competitors.
That's an unaccustomed place for this company. Its funds ordinarily are ranked high in their respective categories, not near the bottom of them. Indeed, Dodge & Cox Stock has returned an average annual 4.4% the last decade, a tally that puts it near the top of the large-cap value category, one of the most crowded (and competitive) groups in the industry.
That leaves shareholders wondering: Will Dodge & Cox make a comeback? While we think the answer is an unequivocal yes, we also realize we don't have a crystal ball. Unfortunately for investors there are plenty of other funds out there that sport a similar penthouse-to-the-doghouse track record. They are all left pondering what to do
Read the complete story
Guru Discussed: Dodge & Cox: Current Portfolio, Stock Picks
Stocks Discussed: DODGX, AIG, FNM, WB,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.