明星基金經(jīng)理的選擇:2013年15大金股
????人世間沒(méi)有什么能比得上擁有一位專業(yè)向?qū)?。無(wú)論是攀登珠穆朗瑪峰,還是在股市中上下求索,聽(tīng)聽(tīng)那些在這一領(lǐng)域經(jīng)驗(yàn)豐富者的意見(jiàn),總能給人們帶來(lái)收獲。因此,今年我們轉(zhuǎn)向了這些睿智的投資向?qū)で蠼ㄗh:他們洞悉眾多行業(yè)動(dòng)向,精通各類股票投資風(fēng)格,建立了長(zhǎng)期杰出的投資表現(xiàn)。本文列出了他們認(rèn)為2013年最有增長(zhǎng)潛力的15大金股。如果有行家指點(diǎn)迷津,要找到路總是會(huì)容易很多。 Align 科技公司 克雷·布萊瑟爾Buffalo Discovery基金 股票代碼:(ALGN) 所屬行業(yè):科技 ????Buffalo Discovery基金管理資產(chǎn)規(guī)模4.30億美元,晨星(Morningstar)數(shù)據(jù)顯示,過(guò)去10年該基金平均每年增長(zhǎng)10.6%,高于同類基金的7.5%。Buffalo Discovery的聯(lián)席經(jīng)理克雷·布萊瑟爾相信創(chuàng)新無(wú)處不在,創(chuàng)新并不限于科技本身。 ????一個(gè)很好的例子就是:Align科技公司(Align Technology)。這家隱適美(Invisalign)隱型牙箍制造商年收入5.50億美元,給牙齒正畸行業(yè)帶來(lái)了顛覆性革命。這家公司生產(chǎn)的這種透明隱形牙箍,可以像矯正器一樣帶上和取下,最初作為成人傳統(tǒng)金屬牙箍的替代品而開(kāi)始流行。如今,這家公司正在進(jìn)入青少年市場(chǎng),這一市場(chǎng)占到每年260萬(wàn)例正畸病例的2/3。(自從成人產(chǎn)品發(fā)貨量出現(xiàn)季度下滑以來(lái),該股股價(jià)已經(jīng)下跌28%,但布萊瑟爾并不擔(dān)憂,因?yàn)樗春们嗌倌晔袌?chǎng)的潛力。)布萊瑟爾相信,其基金持有的這只重倉(cāng)股未來(lái)五年將繼續(xù)以每年15%左右的速度增加收入,利潤(rùn)增速將更快。正如布萊瑟爾所言:“只要跟牙齒正畸師和牙醫(yī)聊一聊,(就會(huì)發(fā)現(xiàn))這是患者走進(jìn)診所唯一要求指定品牌的產(chǎn)品。” ????——Amy Feldman |
????There's nothing like having a local guide. Whether you're a climber trying to scale the heights of Mount Everest or an investor exploring a stock, you can benefit from the insight of a person who spends endless hours learning a particular terrain. That's why we've turned this year to sage investing guides who've honed their expertise in a dozen sectors and stock styles, delivering lengthy records of superior performance. Read on to discover their most promising stock picks for 2013. It's always easier to find a path when someone who knows it is there to point it out for you. Align Technology Clay Brethour?Buffalo Discovery Ticker:?(ALGN) Sector pick:?Technology ????Clay Brethour, co-manager of the $430 million?Buffalo Discovery Fund?(BUFTX)-- up 10.6% a year on average for the past 10 years, vs. 7.5% for its category, according to Morningstar -- likes to think about innovation broadly rather than about technology per se. ????Case in point: Align Technology, the $550 million (in revenue) maker of Invisalign invisible braces, which have transformed orthodontics. The company's clear aligner trays, which pop in and out like retainers, first became popular with adults as an alternative to the despised traditional metal braces. Now the company is making inroads in the teenage market, which represents three-quarters of the 2.6 million orthodontics cases begun each year. (Shares have fallen 28% since a quarterly decline in shipments to adults, but Brethour isn't worried because of the potential he sees in the teen market.) He thinks the company, a top holding of his fund, can continue to increase revenue about 15% or so a year, and expand profits at an even faster rate, for the next five years. As Brethour puts it, "If you talk to orthodontists and dentists, this is the only product where patients come in and ask for it by brand." ????--Amy Feldman |