GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

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

November 02, 2005 | About:
insider

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

Rating: 0.0/5 (0 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