Barron's: Arnie Schneider
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Date updated:06-23-2007

From Barron's 6-25-07:

Barron's interviewed Arnie Schneider of Schneider Capital Management in the JUne 25, 2007 issue.

"Call it greatness. Call it gifted. Call the consistently outstanding stock-picking performance all in a day's work for Schneider and his team at Schneider Capital Management of Wayne, Pa., who manage $6.3 billion. Dedicated to finding deeply undervalued stocks on the verge of cyclical change, Schneider's funds have outshone their benchmarks and most competitors year after year after year...The Schneider Value Fund (SCMLX) was up 29.2% annually, on average, since its start in October 2002, versus 20.1% for the Russell 1000 Value index. That's what greatness looks like. This is what it sounds like."

Here are 3 of his picks.

symbol name last price % change open
  • +
  • CFC
    Cfc
  • $0.00
  • N/A
  • $N/A

From Barron's 6-25-07: "The first name is Countrywide Financial (CFC). Countrywide is the largest and arguably the most efficient mortgage originator and servicer in the country. They've got an integrated operation and can respond quickly to changing industry conditions...The key to this stock is that the current mortgage-industry turmoil should lead to less competition and more rational pricing...The market expects them to earn $3.80 this year, which we think is the trough year of earnings. The stock is 10 times trough earnings, and trough earnings have a 15% return on equity. Over time, ROE has averaged in the high teens to low 20s, so earnings power clearly is higher."

People owning CFC also tend to own: ABKBBDDEFCXFREFWLTHES

TheStreet.com Rating: No Rating What is this?

  • +
  • LUM
    Lum
  • $0.00
  • N/A
  • $N/A

From Barron's 6-25-07: "The other pick is Luminent Mortgage Capital (LUM), a small-cap mortgage REIT. Luminent is different than Countrywide in that they don't originate mortgages. They are just a disciplined buyer of mortgage product and can sit on the sidelines when spreads are tight...Luminent is selling below book value, and it is a fairly hard book...and it's yielding more than 12%.

People owning LUM also tend to own: AHMANHCMOFBRMFANLYOPX

TheStreet.com Rating: No Rating What is this?

  • +
  • CNX
    Cons Energy Inc
  • $46.00
  • -3.26%
  • $47.14

From Barron's 6-25-07: "Consol Energy (CNX). And Consol Energy owns 80% of a public company called CNX Gas (CXG), which represents about $20 a share of Consol Energy's stock price. CNX Gas is a terrific low-cost player with long-life reserves. It is a nice property in its own right...If you consider the earnings that Consol could generate if gas trades on a BTU-equivalent priced with coal, they could earn over $6. If it were to occur, it would be a ways away. There are really only two cost-effective power options: nuclear and coal, and the United States has 250 years of reserves of coal, while new nuclear plants won't be available until at least 2016."

People owning CNX also tend to own: AAVABXAADGAMATAQRBGRBXL

TheStreet.com Rating: B What is this?

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