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Robert Olstein: We like to buy bad news because it produces the right price

November 02, 2005 | About:

Robert A. Olstein, whose Olstein Financial Alert Fund (OFALX) outperformed the Standard & Poor's 500-stock index in eight of the past nine years, said he tries to avoid money-losing investments by buying stocks that have already collapsed.

Olstein added to his stake in Tribune Co., the second-largest U.S. newspaper publisher, in January as the stock slid to a 2 1/2-year low. The drop reflected a decline in advertising sales after the company admitted it had overstated circulation at its Newsday and Hoy newspapers in New York.

http://www.washingtonpost.com/wp-dyn/articles/A39151-2005Apr9.html?nav=rss_business/mutuals


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