Beating the Street (51 page)

Shaw Industries,
191
–93

Shoney's,
280
,
282
,
283

Sidhu, Jay,
210
–11

six-month checkup,
284
–304

Skandia,
124
–25,
128

small companies, investment in,
306
–7

Smith, Adam,
78

Smith, Jonathan,
25

Smith, Morris,
70
,
134
,
274

Smith Barney data base,
24
–25

Smyth, Philip,
246

SNL Securities,
198
–99,
200
,
220

South African gold mines,
72

Southwest Airlines,
184
–86

Sovereign Bancorp,
204
,
209
–11,
214
,
321

Spaghetti Warehouse,
282
,
283

special situations funds,
63

speculation, in Japan,
80

Spillane, Rick,
24

Spinale, Kevin,
30

staff and associates,
103
–7,
116

Stansky, Bob,
104

State Street Bank,
275
,
276
,
278

steel industry,
190
–91,
311

Stephenson, Cathy,
155
,
156
–57,
291

stockbroker, functions of,
25

stock funds vs. stocks,
58
–64,
80

stock market:

     bad news and,
39
–47,
55
,
132
–33,
306
–7,
308

     declines of,
45
–47,
131
–33,
306

     forecasts and,
307

     gains of,
46

     in Japan,
78
–80

     Magellan Fund and,
114
–15,
132

     mutual funds vs.,
13
,
23
,
48
,
307

     1929 Crash of,
45
–46

     surprises in,
307

     
see also
Great Correction; investments

stockpicking:

     by amateur investors,
11
–13,
18
–19,
23
–35,
305
,
306

     as art vs. science,
140
–42

     bad news and,
39
–47,
55
,
132
–33,
306
–7

     big vs. small stocks,
66
–67,
309

     in brainstorming sessions,
105
–6

     business cycles and,
46
,
133
,
307

     country funds and,
75
–81

     data bases for,
24
–25

     Dr. Feelgood method of,
44
–45

     faith and,
44
–45,
55
,
306

     by fund managers,
59
–61

     mutual funds and,
64
–69,
80
–81,
133
,
307

     old vs. new stocks,
147
–48

     part-time,
306

     by professionals,
11
–12,
305
,
308

     research and,
116
,
140
–41,
147
,
305
–6,
307
,
308
–12

     six-month checkup and,
284

     techniques of,
24
,
27
–30,
67
–69

     
see also
investments

stocks:

     of banks,
94
–99,
137

     bonds vs.,
15
–18,
45
,
49
–56,
80
–81,
111
,
112
,
307

     buying back of,
210
,
211
,
227
,
254
,
271
,
274

     closed-end funds traded as,
73

     hot,
306

     in index funds,
60
–64

     insider purchase of,
169

     Magellan's most important,
136

     mutual funds and,
13
,
62
,
307

     old vs. new,
147
–48

     options vs.,
307

     overpriced,
60
,
65
,
142
–49,
157
,
309

     partially paid shares of,
257
–58

     past performance of,
67
–69,
81

     “shorting,”
40

     stock funds vs.,
58
–64,
80

stock screens,
24
–25

stock splits,
278

     prices adjusted for,
85
,
89

Student Loan Marketing,
135

Sullivan, Paula,
103

Sunbelt Nursery,
165
–68,
176
,
292
–93,
313
–14

Sun Distributors,
222
,
227
–31,
232
,
298
–99,
315
–16

Sun Television & Appliances,
182
–84,
193
,
298
,
302
,
319

Supercuts,
177
–81,
293
–94,
318
–19

Sweden,
123
–25

Sweeney, Tom,
105

Taco Bell,
86
,
88
,
151
,
280
,
281
,
316

T-bills (Treasury bills),
57

technology stocks,
139

Teledyne,
211

Teléfonos de México ADRS,
258
–59,
260

Telephone and Data Systems,
136

telephone companies:

     copper industry and,
235

     privatization of,
258
–60

Templeton, John,
63
,
122

Tenera Limited Partners,
222
,
231
–32,
298
,
299
,
316

Texas, mortgages in,
268
,
269
,
270
,
271

Texas Air,
138

Textile World
,
191

Thayer, Phil,
82

Thompson, Steven J.,
180
–81

Three Mile Island,
245
,
246

Thrift Digest
,
200
,
202
,
207
,
212

thrifts,
see
S&Ls

time and patience,
307

Tobu Railway,
128

Toll Brothers,
162
–63

“too big to succeed,”
69
–70,
115
,
116
–117,
130

Topps,
28
,
29

Toys “R” Us,
89
,
91
,
150
–51,
158
,
293

Trakas, Natalie,
92

travel,
121
–28

Treasury bills (T-bills),
57

Treasury bonds,
56
–57,
110
,
121

troubled utility cycle,
246
–48

T. Rowe Price,
66
–67,
275
,
276
,
277

Tsai, Gerry,
83

twenty-five golden rules,
305
–7

twenty-four-month checkup,
312
–21

twenty-one stock pick,
20
,
140

     performance update on (table),
290

     six-month checkup on,
284
–304

     six-month return on (table),
289

Tyco Toys,
30

Unimar,
300
–301

United Asset Management,
275
,
276

United Savings,
208

used-car prices,
240
–41

utility stocks,
245
–55,
297
–98

     troubled utility cycle and,
246
–48

value funds,
62

     growth funds vs.,
62
–64,
67
,
81

     stockpicking and,
67
–69

Value Line Investment Survey,
25

Van der Heiden, George,
105

venture capital firms,
260
–62

Vinik, Jeff,
70
,
104

Volvo,
77
,
118
–20,
121
,
125
,
128
,
129
,
135
,
243

Wachovia,
95
,
96

Wall Street Crash (1929),
45
–46

Wall Street Journal
,
43
,
65
,
191
,
273
,
297

“Wall Street Week,”
113
,
304

Wal-Mart Stores,
28
–29,
142
,
145
,
150
,
158
–59,
308

Walsh, Julia,
113

Walton, Sam,
28
–29,
159

water utilities,
257
–58

Weiss, John,
183

Wendy's,
280
,
282

Wheeler, Deb,
104

Williams, Stuart,
223

willpower,
36

Wilson, Leonard,
213
,
295

Worth
,
68

Xerox,
120

Yearly, Douglas,
235
,
236
,
302

Zulauf, Felix,
37
,
41