Our analysts regularly talk to some of the best investors in the world, and this week we have a bounty of new Analyst Reports on funds run by great managers. This week they published new reports on funds run by Marty Whitman, Bob Rodriguez, Bill Nygren, and Chuck Royce--four of the best stock-pickers in the business and among the most colorful. Whether you invest in stocks or funds, you’ll find these writeups fascinating (see below). Whitman’s buying distressed bonds, Nygren’s loading up on large caps, Rodriguez is sticking with his top picks, and Royce is selling his firm.
In total on Morningstar.com this week, we published 300 new Analyst Reports. That’s a record. Our stock analysts have been updating all their top companies recently--more than 200 this week alone--to keep our stock coverage as up-to-date as possible. Our fund analysts published reports on almost 100 funds, as well as a new Fund Analyst Picks piece for the large-blend category (we kicked out one fund from among our picks to make room for one of our all-time favorites). Also published this week: a Special Report on hot small-cap funds like those run by Wasatch and Royce, and Our Favorite Retail Stocks.
Among those 300 new Reports, here are some you won’t want to miss.
- Great Funds, Great Managers
- Stocks and Funds We Like
- Stocks and Funds We Have Concerns About
- What’s Up Next Week
Third Avenue Value (TAVFX), by Christopher Traulsen
Manager: Marty Whitman
"Whitman is busy finding a home for at least some of that cash. He's been active in the distressed debt market this year, buying PG&E mortgage bonds at a 25% yield."
FPA Capital (FPPTX), by Christopher Davis
Manager: Bob Rodriguez
"Former shareholders who dismissed this offering's contrarian approach as hopelessly old-fashioned in 2000 have probably removed their feet from their mouths by now."
Cigna (CI), by Rob Plaza
"Our opinion after that sell-off is the same today. It's an over-reaction and a buying opportunity because Cigna's stock still trades well below our fair-value estimate of $121."
Funds We Like
Verizon (VZ), by Michael Hodel
"While we think this performance is for good reason--the company has some of the strongest assets in the business--we do believe the stock has gotten a bit ahead of itself."
Funds We Have Concerns About
Franklin Small Cap Growth (FRSGX), by Russel Kinnel
"The bad news is that the fund is also reopening to new investors on September 1. That's perplexing, because the fund is already the biggest mid-growth fund by a margin of $2 billion."
- Okay, this one is more like the week after next, but it’s important enough to mention. Bill Nygren of Oakmark participated in our Ask the Expert feature this week, receiving 70 questions from our conversation-board regulars. Once he pens his answers, we’ll post the complete Q&A.
- Video Reports three times a day. Check out our weekly schedule for what’s on tap.
- Pat Dorsey, our director of stock analysis, on Fox News Channel. Pat makes his weekly appearance on the Bulls & Bears show on Saturdays at 10:00 a.m. EST. (The show also runs at 6:30 p.m. Saturday and 9:00 a.m. Sunday.)
- Russel Kinnel on CNBC. See our director of fund analysis each Friday morning at about 10:25 a.m. EST.
If you read research you love or hate on the site, let me know at firstname.lastname@example.org. Also note that you can keep up with Morningstar.com through two of our weekly e-newsletters: Weekly Wrap and SmartInvestor. They’re both free.