Wall Street Transcript Interview with Marilou M. Long, Founder and Portfolio Manager at Crossvault Capital Management LLC: A Nimble Approach to Investing in Economic Themes

Wall Street Transcript

67 WALL STREET, New York - March 18, 2013 - The Wall Street Transcript has just published its Investing Strategies Report. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Long-Term Investing - Value Investing - Longer-Term Investing - Bottom-up Investing - Global Investing - High Quality Companies - Investment Strategies -

Companies include: eBay Inc. (EBAY), Starbucks Corp. (SBUX), Lockheed Martin Corporation (LMT), Rackspace Hosting, Inc (RAX), Amazon.com Inc. (AMZN), HJ Heinz Co. (HNZ), Berkshire Hathaway Inc. (BRK-A)

In the following excerpt from the Investing Strategies Report, an expert portfolio manager discusses her portfolio-construction strategy and investment philosophy:

TWST: Would you give us some examples of companies that fit those themes?

Ms. Long: An example of the mobile payments theme would be eBay (EBAY) and Starbucks (SBUX). eBay has PayPal that they're rolling out to more retailers, and also physical stores that make it easier to have payments over the Web or your mobile device.

Starbucks is doing the same thing with their investment in Square. Starbucks also falls under our consumer discretionary theme in both domestic and foreign economies. Starbucks is also a stock that had been hurt by restructuring, and we think we're starting to see its growth metrics improve.

Big Data refers to the enormous amount of data that is generated every day. This means more storage, but also the way you retrieve that data, how you make it more efficient and more secure. We have also been looking for a good company in the cybersecurity space, but that area has been impacted somewhat by the sequester talk and its impact on defense.

Lockheed (LMT) is a big player in that, but you don't want to step into it when their budget may be about to be cut. Other examples would be Rackspace (RAX), which is a cloud management, hosting and storage company, and Amazon (AMZN), which is taking the cloud to smaller and smaller businesses.

TWST: If you identify a compelling trend, but you do not find a great company to invest in under that trend, what do you do?

Ms. Long: We'll keep looking for something that might benefit from that trend, but at the same time, you have to keep yourself open to other trends or the possibility that the identified trend may just not bring any great companies with it right now....

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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