Tue, May 20, 2014 3:06 PM EDT 2:25
Silvercrest Asset Management is a smart stock to own because the ultra-high net worth money manager is making acquisitions and growing assets under management without compromising its top-notch service, says Michael Smith, portfolio manager for the Alpine Small Cap Fund. Smith is bullish on CTS Corp. because he says the auto sensor's new CEO is successfully transforming the company by selling unprofitable businesses, expanding R&D and developing new products. Finally, Smith is a fan of subprime mortgage service giant Ocwen, despite the stock's recent selloff due to a NY State regulator’s investigation. Smith says the stock is cheap and the inquiry will soon blow over.