Value Investing Pro

It wasn’t too long ago Ken Heebner took the financial world by storm as his CGM Focus fund outperformed its peers and the S&P 500 index by wide margins leading up to the 2008 market correction. Ken Heebner gained national attention as his fund, which was overweight on commodity stocks, outperformed the market by a whopping 74%. This was 2007 when all was nice and dandy, then 20008 came. In 2008, the market crashed and commodity stocks took an even bigger plunge due to the world economic prices and forced liquidations.  The CGM Focus Fund suffered a 48% decline in 2008 and is currently trailing in 2009 by 12%. As the CGM Focus fund heals it wounds, Ken has pretty much kept a low profile making several appearances. Among his appearances is the one on CNBC  Wednesday August 12, 2009. This appearance is interesting as it happens moments after the fed has decided to keep rates at current levels.

Notes On The Ken Heebner CNBC Appearance

• There are signs of a turn in the economy
• Expects a bigger turn in the economy than people are looking at
• Market rally reflects an expectation in the improvement in the economy
• Bullish on Ford (F), expects more positive news from the “Cash For Clunkers” program

Top 5  Holdings                                              P/E        YTD % Return   % N.Assets

	Morgan Stanley*		10.42	88.69	7.56
	Amazon.com, Inc.*		34.36	64.98	7.48
	Apollo Group, Inc. A*		24.27	-13.69	7.17
	Best Buy Co., Inc.*		10.21	33.16	6.25
	Wal-Mart Stores, Inc.*		16.37	-6.00	6.15

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