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Neil Hennessy, portfolio manager for the Hennessy Focus 30 Fund, thinks the recovery is for real...

Jul. 08, 2009 5:37 PM ETRoss Stores, Inc. (ROST)XOM, ROSTBy: Eli Hoffmann, SA News Editor3 Comments
Neil Hennessy, portfolio manager for the Hennessy Focus 30 Fund, thinks the recovery is for real (video, 2min). He likes low-end retailers like Ross Stores (NASDAQ:ROST) and oil majors like ExxonMobil (NYSE:XOM).

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Comments (3)

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Tom Colangelo profile picture

The JOBS recovery - -400K / mo.
The Mfg recovery - - 2-3% / mo.
The auto industry recovery- - 20% / mo.
The retail industry - - 25% / mo.

No posiitive grwth here. WHAT'S HE TALKIN ABOUT?
Remember my core belief:

Wall Street has one job and one job alone:

To tell you what you WANT to hear, not what you Need to hear.

Does anything think that the manager of a long only mutual fund is going to come out and say: "Well, I can't say for certain what the future holds. I would recommend investors in mutual funds wait before committing new money to the market and perhaps even do some hedging to protect profits."

Like Neil Hennessey is ever going to come out and say there is anything but a recovery going on.

Like is say on my website
mutual funds managed by so called professionals with MBA's and countless hours on financial TV, should at least be able to protect a persons profits in a bear market, or at the very least lose a lot less money than non-professionals like me.
youngman442002 profile picture
If he thinks the recovery is for real..why buy the low end retailers...why not buy the high end now that you think everyone is in the money now....lol

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