THE BEST LI'L STOCK PLOPPER IN TEXAS
DO YOU EVER WONDER WHAT'S the best method for picking a sure-fire stock? The folks at the Fort Worth Star-Telegram have one suggestion, and it's strictly bullish.
Or at least, longhorn steerish. The four-legged stockpicker is named Rusty, and he's the newspaper's longtime mascot. Last December, Scott Fagerstrom, Star-Telegram deputy business editor, enlisted Rusty for a stock-picking contest that pitted the 1,700-pound bovine against several local analysts. In early January, Rusty was placed in a corral marked off into 100 squares, each with the name of a company, and was allowed to let the chips fall where they may. Based on Rusty's droppings, Fagerstrom, who writes a weekly stock column, made imaginary $10,000 investments into each of the following: CompUSA, Craftmade, GTE, Harken Energy, National Semiconductor, Summit Bancshares, and United Heritage of Cleburne.
How did Rusty fare? At the end of August, his portfolio (up 43%) has outperformed both the pros' (up 32%) and the Standard & Poor's 500-stock index (up 23%).
EDITED BY LARRY LIGHT AND PAT WECHSLER
Updated Sept. 18, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.