Monday, June 12th, 2006
Sell off leaves value in energy, Church
Greg Church, founder of Church Capital Management, told TheStreet.com in an audio interview that the speculative bubble in resources has left value elsewhere based on the GARP approach. He likes financials, such as Citigroup, JPMorgan, Bank of America and also sees value in biotech and healthcare, including Amgen and Baxter. In his June commentary, Church also says the recent “inevitable” sell off has left some energy stocks are attractive prices:
“Being fundamentalists at heart, we can’t help but find some stocks a bit more attractive following May’s modest correction. We’ve had a fondness for Energy related issues for some time now, but our discipline keeps us on the sidelines from time to time when prices are bid beyond our limits. However, the recent pullback in the sector has pushed a few names back down to levels worthy of purchase once again, as have selections within a few other industries as well.”
Word Count: 150. This entry was posted on Monday, June 12th, 2006 at 6:24 pm and is filed under GARP, Methods, Stock picks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
