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Steven Romick on WealthTrack

October 20, 2012 | About:
Steven Romick on WealthTrack: On this week’s Consuelo Mack WealthTrack, a rare interview with Great Investor, Steven Romick of FPA Crescent Fund. Romick describes how he is keeping his five-star rated fund on top by balancing the forces of inflation and deflation and continuing his contrarian, value-oriented strategies.

FPA Crescent Fund; 10-year averaged 9.85%.

At this point of time, best business with high quality.

Walmart (NYSE:WMT): Bought in summer of 2011, and gain 50%. Viewed as bond with rising coupon.

AIG: book value at $60. Stocks at $40. It has three business.

Short VOLVO and Nissan, long Renault.

Omnicare (OCR): technology inprovement



Also read the interview GuruFocus had with Steven Romick

Rating: 3.2/5 (14 votes)

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GuruFocus has detected 2 Warning Signs with Wal-Mart Stores Inc $WMT.
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