GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

All-Star Manager Steve Romick Is Avoiding Stocks and Building Cash

January 17, 2014 | About:
CanadianValue

Canadian Value

105 followers

It is hard being patient.  Especially when you are five years into a bull market.

But these are the times that it is important to start being cautious.

All-star fund manager Steve Romick of First Pacific Advisors (Trades, Portfolio) is saying that very few stocks are now meeting his risk/reward expectations.  Therefore he is not buying much, taking profits in other places and building up a cash warchest.

There will be better days for buying stocks ahead.  The only question is when that will be.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 1.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide