Penney has some tough sledding ahead, but that it was the only stock in his portfolio that could return 15 times his investment because it trades at a discount to the value of its real estate and inventory.
ACAS, once the darling of the sector, had a near-death experience in 2009 as their equity-heavy investmentportfolio collided with debt and bank obligations and the stock suffered a much steeper slide than the sector.
Its unfunded pension liability has shrunk by half in the past year, due to cash and stock contributions and GM's "de-risking" of its pension investmentportfolio.
Our 77-year investment records show that CalPERS' portfolio gains significantly increased when the Board removed restrictions on global stock investing in the mid-1960s.
Brian Lazorishak says he isn't sure, but a 52% run-up in the stock over the past year has left him with more exposure than he wants as a portfolio manager at Chase Investment Counsel in Charlottesville, Va.