money jungle

Heebner Long Financials

Posted in kenneth heebner by moneyjungle on December 6, 2008

http://online.wsj.com/article/SB122852533153484567.html

The journal reports that Kenneth Heebner has made a big bet on financials and put over 40% of CGM Focus to work in the sector. Top picks include Citigroup, BofA, and Wells Fargo, which he considers to be historically cheap based on price-to-tangible book and price-to-preprovision earnings ratios.

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