Email a Friend
<form onsubmit="$('#email_sendbutton').attr('disabled','disabled');" name="form1_send" method="post" id="emailform">>
<input type="hidden" value="1" id="submitEmailFriend" name="submitEmailFriend">/></input>
Your Name: | <input type="text" maxlength="42" class="textbox" name="emailfriend_your_name">/></input> |
Your Email: | <input type="text" maxlength="42" class="textbox" name="emailfriend_your_email">/></input> |
Email Recipient: | <input type="text" maxlength="42" class="textbox" name="emailfriend_to_email">/></input> |
Type what you see in the image: | |
Incorrect please try again Enter the words above: Enter the numbers you hear: <input type="text" id="recaptcha_response_field" name="recaptcha_response_field">/></input> Get another CAPTCHA Get an audio CAPTCHA Get an image CAPTCHA Help <noscript>> <iframe src="http://www.google.com/recaptcha/api/noscript?k=6LfgCdISAAAAAL_mqgN9HqBXvemN51OHyCJX6seY" height="300" width="500" frameborder="0">>[embedded content]</iframe> </noscript> |
</form>
Previously Acknowledged Top Stock Picker Buys TSLA
Jeff Cobb August 14, 2013
- Tweet
- Go Back
- Print this page
Photo Gallery
Sorry there are no photos!
Hide
Acknowledged as America’s top stock picker before the financial crisis of 2008, Kenneth Heebner purchased 215,000 shares of Tesla Motors in the second quarter this year to include in his CGM Focus Fund while shedding shares of Blackrock Inc. and Toll Brothers.
His Boston-based firm, Capital Growth Management LP, also purchased 9.82 million shares of Ford making for a second (and stronger) positive vote for an automaker. It also purchased shares of Gap Inc., Home Depot Inc. and Cisco Systems Inc.
According to Bloomberg, Heebner led all other fund managers for the decade prior to 2007, but with the slower than anticipated recovery following that year, his streak was broken.
His fund lost 5.1 percent annually for the past five years and whittled away what had been $10.3 billion in June 2008 to $1.5 billion in October 2012.
However this year his fortunes are looking up.
The fund is outperforming 88 percent of his peers and has returned 23 percent year to date.
Citigroup Inc. and Morgan Stanley make up its largest holdings, and his firm also shed its position in JPMorgan Chase & Co. last quarter.
TSLA has trended down the past couple of days and as of mid-day, it is down almost 7 percent from yesterday.
The stock nearly tripled in the quarter in which Heebner took up his position.
His U.S. economic prediction is that rising home prices will have a positive impact on consumer confidence. He says the anticipated recovery for the next five years should therefore be stronger than expected citing these and other indicators.
Bloomberg
Posted in News, Uncategorized
Tagged as kenneth heebner, Model S, Tesla stock, TSLA
Related Readings
Tesla Eyes ‘Autopilot’ For Its Cars
Tesla CEO Elon Musk said recently that a logical progression for Tesla vehicle evolution will in time include an
2013 Tesla Model S Overview
Since its launch in June of 2012 Tesla Motors’ groundbreaking Model S sedan has been lavished with praise by nearly
Does The Volt Price Cut Signal A Dying EV Market?
Chevrolet’s recent permanent $5,000 markdown on the 2014 Volt’s selling price was understood by advocates to be in