Commentary for June 24, 2008
Tuesday, June 24th, 2008
We continue to remain on the defensive and for good reason as after the closing bell yesterday, UPS projected that second quarter earnings would be well below estimates due to high fuel costs and reduced demand. That said, as the market moves lower we will continue pick away at energy, global industrials, technology and consumer staples.
Any specific stocks named in this presentation may not be representative
of current or future investments in the portfolio to which they belong.
You should not assume that investments in the securities identified
were or will be profitable. We will furnish, upon your request,
a list of all securities purchased, sold, or held in the portfolio
during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and
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