This week's Barron's features the first installment of the publication's annual roundtable. It dealt primarily with the panelists views on big picture, top-down, economic outlook type stuff. The first installment always does this. It makes sense, but the real fun for me is when they get around to the individual picks.
Long time readers of Controlled Greed.com know I admire Meryl Witmer and her firm, Eagle Capital Partners. Because she's a bottom-up stock picker, she doesn't say all that much in the big picture discussion.
One thing she did say:
As for the stock market, I don't think it's particularly overvalued, but I don't see a lot of appreciation this year.
And this:
A lot can happen in a year. If there's a downdraft, I might find something good. It only takes a few stocks to have a good year. But it is tough to find really good, cheap stocks, especially in the U.S.
You've read me express similar sentiments since launching this blog in April 2005. Though I don't "see" or "not see" appreciation for the coming year or any year. I just try to buy a bargain-priced stock and wait.
I'm looking forward to seeing her picks in the coming roundtable installments. Not quite like a kid before Christmas, but close. ;-)
Bullrally is spamming blogs!!
Just found your blog after I googled Meryl Whitmer. I want to find out more about her picks after reading the latest barrons. Thanks for the coverage and just say no to spammers who aren't smart enough to contact you offline.
Posted by: Josh | January 17, 2007 at 11:11 AM
Josh: Thanks for your comments and I hope you'll find this site is worthy of many return visits.
As far as blog links, if the person just writes a decent blog he/she will get plenty of links without even asking.
Posted by: John | January 17, 2007 at 10:48 PM