April 3, 2013 |
Class starts with an outlook on the U.S. economy and consumer confidence, and then the analyst's sales pitch begins: Will the fund be spending its precious dollars buying shares of VF Corp. (VFC), maker of North Face, Nautica, Timberland and Vans fashions, and Lee and Wrangler jeans? The fund just bought 75 shares in Qualcomm (QCOM) last week at $65.84, making a bet on a rebound in 2013 sales of chips for mobile handsets. And in April, the investment committee will hear a pitch for Caterpillar Inc. (CAT)
April 27, 2016
The company, founded by Richard S. Oller, is a $1.5 billion, multifaceted operation based in Philadelphia. Property management: National rental portfolio, including TCS Management, locally. Sales and leasing: The Condo Shop and its TCS Homes division. Investment services: Rittenhouse Realty Advisors
April 12, 2016
THREE longtime Daily News editors have won national awards for headline writing from the American Copy Editors Society. The Daily News awards, for headlines written in 2015 at newspapers below 100,000 circulation, went to: * First place, staff portfolio: Joe Berkery, Doug Darroch, Drew McQuade (Seed Money, Acting Our Rage, The New Furor, Shot of Heroine, Chaka Con, Frock Star, To D.I.Y. For, I'm Calling Momcast!, Where the Gun Don't Shine, Prints of Thieves) * First place, individual portfolio: Doug Darroch (We're Shattered, Seed Money, Punching Up the Plot, Where the Gun Don't Shine, To D.I.Y.
December 6, 2015 |
Former Mack-Cali Realty Corp. chief executive officer Thomas Rizk is betting that suburban office parks still have some life left in them with the $245.3 million acquisition of a 41-building corporate center in Horsham. Workspace Property Trust (WPT), of which Rizk now is chief executive, bought the Pennsylvania Business Campus from Malvern's Liberty Property Trust, the companies said in separate releases Friday. It is WPT's first step toward building a portfolio of suburban real estate in the northeastern United States, Rizk said.
January 15, 2013
Pennsylvania Real Estate Investment Trust, or PREIT, said it completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million. The sale to Kansas-based Rubenstein Real Estate Co. L.C. represents a gain on approximately $33.6 million, and net proceeds of $24.9 million after closing costs for the trust, PREIT said in a statement. Philadelphia-based PREIT has a portfolio of 47 retail-shopping properties, including the Cherry Hill and Willow Grove Park malls, in 13 states in the eastern half of the United States.
June 18, 2015 |
American Realty Capital Hospitality Trust will acquire the Hyatt Place hotel in Princeton, New Jersey, in a deal to buy 13 hotels in nine states for $300 million, the company said in a statement Tuesday. The New York-based investment trust plans to purchase the portfolio of hotels from affiliates of Noble Investment Group, a hospitality real estate private equity firm in Atlanta. The deal, along with other recent acquisitions, would bring ARC Hospitality's total portfolio to 166 hotels with nearly 20,200 rooms across 34 states, the company said.
September 6, 2012 |
We all do it: We don't sell a stock when we should, even after the share price has hit our hoped-for target, or it has lost value and stayed low. We fall in love with our portfolio holdings. Professionals offer tips on how to sell as a discipline. We checked in with the folks running Logan Capital Management's Concentrated Value portfolio day to day. Marvin Kline and Rich Buchwald, managing directors at the $2 billion Ardmore money-management firm, are Penn alums (one undergrad, one grad school)
December 5, 2013 |
Hard to believe, but as of Wednesday, there are fewer than 20 trading days left in the year. So, if you want to take profits in your stock portfolio, now would be the time. Almost all major asset classes except commodities have posted gains this year: The S&P 500 equity gauge has rallied 26 percent, on pace for its biggest annual gain since 2003, and reached an all-time high on Nov. 27. The 2014 market is unlikely to match 2013's stellar gains. "Equities may post further gains in the year ahead, despite the strong runup this year and the abiding potential for some pullback," notes Sage Financial Group, of West Conshohocken, in its latest note to investors.
November 21, 2013 |
You don't have to be a professional to invest smartly - get informed and educate yourself. That's exactly what Rita Miller did when she joined the Philadelphia-area chapter of Better Investing, a national nonprofit club. Better Investing chapters help retail investors study portfolios and host events to learn about picking stocks. Miller and her club members meet monthly to go over their portfolio of 11 stocks, which currently include CH Robinson Worldwide (Symbol: CHRW); automotive suppler LKQ Corp.
February 14, 2014 |
What is the main difference between a mutual fund and a hedge fund? These days, the goodies inside the portfolios are strikingly similar. The only difference might be the wrapping paper. For instance, which is riskier? A hedge fund holding hundreds of diversified stocks, or a mutual fund such as the popular Fairholme Fund (symbol: FAIRX), which has about 40 percent in one stock - the recovering insurer AIG? An investor's aptitude for risk should be the result of analysis. To navigate the increasingly blurred lines between mutual funds and hedge funds, we checked in with Brian Portnoy, whom I first interviewed a decade ago when he was a mutual fund analyst for the Morningstar Inc. database.