67 WALL STREET, New York - July 8, 2013 - The Wall Street Transcript has just published its 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 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 - Cyclical Sectors, Exposure to Emerging Markets - Large-Cap, Deep-Value - Value Oriented Strategy - High-Quality Companies - Value Investing, Deep Value - Longer-Term Investing
Companies include: Intel Corporation (INTC), Amazon.com Inc. (AMZN) and many more.
In the following excerpt from the Investing Strategies Report, an expert portfolio manager discusses his portfolio-construction methodology and his investment philosphy:
TWST: What are some of your favorite stock picks right now?
Mr. Glynn: I am always reluctant to pick our favorite company. Most of our focus is on small and medium-sized companies. We do have a couple of large companies that we think highly of. Amazon (AMZN) is certainly one of them. Their Amazon Web Services business for allowing companies to develop infrastructure by outsourcing it and putting it on the AWS platform is important.
We like ServiceNow (NOW). We like a company that went public late last year, Workday (WDAY), in the human resource and financial accounting areas. Those are some of the companies that we feel very good about. We concentrate our assets in roughly 25 companies, and position ourselves as long-term investors. We are constantly trying to build positions into meaningful components of our portfolio, and sometimes we have to trim back when some of our companies run up in valuation.
TWST: What is your exit strategy?
Mr. Glynn: Primarily, it would be one of two things. When we see that a company has achieved a market position and valuation that reflects its underlying fundamentals and its growth rate slows. Sometimes we feel we lose our particular value-added on a company when it becomes too broadly owned by the institutional world. Sometimes we make mistakes, and we have to overlay our intellectual honesty to realize that our assumptions behind our investment decision are not valid, are not working out, and we have to trim back positions.
TWST: Are there any recent examples you could share?
Mr. Glynn: I would say companies this year, particularly through the April period, ran up a lot in price, and some of them got...
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.