67 WALL STREET, New York - September 29, 2012 - The Wall Street Transcript has just published its Investing in Energy and Other Strategies Report offering a timely review to serious investors and industry executives. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Investing in Energy - North American Shale Development - Investing in Technology - Oil and Gas - E&P - Value Investing
Companies include: Family Dollar Stores Inc. (FDO) and many others.
In the following excerpt from the Investing in Energy and Other Strategies Report, an expert portfolio manager discusses some of his top picks for investors:
TWST: What are some of your favorite names right now and why do you like them?
Mr. Lewis: Well, as a matter of fact, based on the current portfolio holdings, we like energy. In the energy sector, for instance, we currently hold HollyFrontier (HFC). HFC is a petroleum refiner that has seen very strong revenue growth over the past five and 10 years, and has good returns on equity. And yet, it trades at a very low price-to-earnings ratio when compared to other refiners and also to the industry at large. So we have a position in that.
We also like the industrial machinery industry. One example is Joy Global (JOY), a manufacturer and servicer of mining equipment. That's another strong area that we like for the portfolio, and the screening metrics are all looking good. Recently, the stock was actually down about 40% from its February 2012 high. We think that looks like a very attractive value right here.
TWST: How do you manage risk in your portfolio?
For more from this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers, and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.