Forbes magazine put out its annual 'Love Only One' contest results last December. They ask several investment experts to pick only one stock that they think will go up or down. If these experts beat the S&P, they are invited back the next year.
Richard Jandrain of Fort Washington Investment Advisers picked Pharmion last year. This stock rose 50% during 2008. This year he has picked Eresearch Technology, Stock Symbol:ERES. Let's see if he can duplicate last years results and remain in the contest for three straight years.
On the bear side, Harindra de Silva, president of Analytic Investors in Los Angeles picked Catapillar, Stock Symbol: CAT. With six years in the contest, his pick should not go unnoticed. Mr. de Silva chose Yahoo last year which tanked to the tune of -59% last year.
Wednesday, January 21, 2009
Forbes Love Only One
