Catalysts Create Growth Stock Winners: A Wall Street Transcript Interview with David Hollond, a Chief Investment Officer, Senior Vice President and Senior Portfolio Manager for American Century Investments

Wall Street Transcript

67 WALL STREET, New York - February 28, 2014 - The Wall Street Transcript has just published its current Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with highly experienced Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Bottom-Up Stock Selection - High-Quality Companies - Dividend-Paying Stocks - Midcap Growth Strategy - Secular Growth Themes

Companies include: Priceline.com Inc. (PCLN), Middleby Corp. (MIDD), Netflix, Inc. (NFLX), Monster Worldwide, Inc. (MWW), Canadian Pacific Railway Limit (CP), Canadian National Railway Comp (CNI), Alliance Data Systems Corporat (ADS) and many others.

In the following excerpt from the Investing Strategies Report, an experinenced portfolio manager discusses his methodology for finding mid-cap high return stocks for investors:

TWST: Looking ahead, are there companies on your radar whose names we couldn't recognize with new technologies or other catalysts that could drive momentum?

Mr. Hollond: It's difficult for me to sort of predict the future there, but what I'll say is, the class of companies we like right now are, we'll call them, Internet-related marketplace disruptors. Priceline is an example of that, TripAdvisor (TRIP) is another example of that, Netflix (NFLX) is another example, LinkedIn (LNKD) is another example. These are companies that don't really have to be Internet-related but a lot of times they are, that's why I threw that modifier in front of there. Broadly speaking, marketplace disruptors, there are companies that are attacking a large existing market with a better way to go after that market, and broadly speaking those are really interesting to us, because as that company's methodology or technology takes hold, they can gain significant market share and that can drive acceleration.

LinkedIn is a really good example right now, because the old model of trying to hire people was to place ads in newspaper and magazines, obviously that's really old - but even now, if you think about what people do with Monster.com (MWW), it's related. So in the somewhat newer but still old model now of people just placing ads online, it's still not very efficient. Then you think about what LinkedIn does, and they've got what you can call proactive hiring versus the other methodologies that are passive hiring. So they're actually out there, letting you target exactly who you want.

Say for example, I am trying to hire a certain kind of analyst. I can go into LinkedIn's database...

For more of 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.

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