67 WALL STREET, New York - September 5, 2013 - The Wall Street Transcript has just published its Multicap Growth Investing 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: Investing in Financial Services - All-Cap Growth Investing - Disciplined Growth Approach - Global Economy - Top-Down and Bottom-Up Investing - High-Quality Growth
Companies include: Lumber Liquidators, Inc. (LL), Susser Holdings Corporation (SUSS) and many more.
In the following excerpt from the Multicap Growth Investing Report, two portfolio managers discuss their portfolio-construction methodology and their investment philosophy:
TWST: Would you give us a few examples of stocks you believe are representative of your investment approach?
Mr. Dorsey: We actually are not stylized, so we don't specifically focus on, let's say, large value or large growth or small-cap growth. We don't have a specific style box that we fit into. We feel that there are certain times or extended periods of time when there is leadership within a given area of the market, and we look to capture that opportunity and that leadership, and gain exposure to that area until the market environment changes. We are completely objective in our process and allow the models that we've built to determine the areas of the market that we focus on. We recognize that the market environment does change, and we adapt objectively.
I can provide a few examples of best ideas that we have in the portfolio. Some of our better performers include Lumber Liquidators (LL), which we've been in for a good amount of time now and has done very well for us as the housing market has recovered. Susser Holdings (SUSS) is another one that has been one of our top performers, a tractor supply company. And Whole Foods Market (WFM). So those are just a couple of our really big-time performers.
TWST: What are some of the most common questions and concerns you are hearing from clients this year and how do you respond?
Mr. Hoxton: It's interesting. We work with a fairly small number of well-heeled clients and have a high student-to-teacher ratio, so to speak. And we are very proactive, so we are not getting a lot of calls with that many questions or concerns. We have had questions regarding tapering of quantitative easing as the press surrounding Bernanke's comments earlier in the year, and the perfect correlation between fixed income and equities rattled some investors. Additionally, we...
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.