Barron's Interview Jim Keegan
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Date updated:05-16-2009

RidgeWorth's Jim Keegan says any recovery is still a distant hope, given the pitiful state of the U.S. consumer's balance sheet.

symbol name last price % change open
  • +
  • RHHBY.PK
    Roche Hldg Ltd Sp
  • $40.25
  • -0.47%
  • $40.55

In February, RidgeWorth added Roche Holdings, the Swiss pharmaceutical giant. Keegan likes its strength in oncology and low patent-expiration ratio. "From a bondholder's perspective, the cash flow tends to be very stable, and you have very predictable servicing of debt," Keegan says. He bought the new debt at a spread of 345 basis points (or 3.45 percentage points) over 10-year Treasury yields.

People owning RHHBY.PK also tend to own: AZNBTIDEOGSKNSRGY.PKNVSSNY

TheStreet.com Rating: No Rating What is this?

  • +
  • WMT
    Wal Mart Stores
  • $52.97
  • +1.26%
  • $52.59

In addition to Wal-Mart Stores, he also holds bonds of U.K.-based Tesco, the world's third-largest retailer after Wal-Mart and France's Carrefour.

People owning WMT also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: B What is this?

  • +
  • TWC
    Time Warner Cable
  • $41.88
  • 0.00%
  • $N/A

As part of his retrenchment theme, Keegan recently bought Time Warner Cable, whose roster of subscribers grew in the first quarter. Keegan figures that even with less discretionary income, consumers won't fiddle with their TVs; they may even spend more on cable and less on going out.

People owning TWC also tend to own: AEPAESAMXAYECELCEZCMCSK

TheStreet.com Rating: D+ What is this?

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