Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I started investigating Franklin Resources this last
summer because I rolled over the major portion of
my IRA funds into their "family of funds." I found that they were growing by leaps and bounds. Many
acquisitions were being completed and they had launched some very aggresive marketing campaigns. You
cannot read the financial section of any newspaper without seeing their adds. Michael Price, their star
money manager has gotten a lot of attention also. What you may not be aware of is that they aggresively
market their U.S. funds to asian customers-- you can
imagine how attractive this must be given the poor investments in Asia now.

I am a member of the UAIC (united association of investments clubs) and I receive the Better Investing
Magazine. I have read several articles which recommend "Templeton" (Franklin Templeton) foreign
funds. I have found that they truly experts in foreign investing. People who fully research their
performance (5 Star by Morning Star on most funds) realize that the modest load is worth the value received. The capital gains received on their TEMFX
fund recently nicely offset the losses from the recent
downturn over the last few months. (no capital gains tax problem with in IRA)

I ran a full analysis using the Stock Selection Guide
software, while applying my conservative judgement, and came to the conclusion that the stock was a good
buy at recent prices. So I bought a small amount in order to venture into financials (I hold Jefferies also and it has performed well). This is a good diversification move I feel, as I am heavy on the computer technology side.

In comparison to some of the its competitors, I find
BEN to be quite promising while being of medium risk
(I checked out AC, STT, LEH, and others). I recommend
BEN, check out the financials carefully, and I think
you will see an oportunity here.

Print the post Back To Top
No. of Recommendations: 0
I have been look for a financial services stock selection for my investment club for a couple of months now. Using the Stock Selection Guide, I have not had much luck until now with Franklin Resources. I have not done all the home work on it yet, i.e., haven't checked out their 10k or 10Q, there is no company homepage for more recent earnings reports, etc., but it looks promising at this point. Value Line ranks a 1 for timeliness in the December 5 publication. (I have not gotten back to the library for the update yet but I will now.) I have to present to my partners in two weeks, so I will complete my analysis soon and I will let you know what I concluded. I came to the board to see if there were any others with ideas on this company.
Print the post Back To Top
No. of Recommendations: 0
I purchased shares of BEN on 1-7-98. I also use
the Stock Selection Guide, for my own individual
investments as well as for the club I joined. BEN
has given me a (unrealized) gain of 25.73 or this 3 1/2-month period (includes $12 broker fee).

If you use the Tool Kit or Stock Analyst software,
remember to look at the "Relative Value" figure.
NAIC recommends that it be under 110%. But as
with all the data provided by the SSG, you can
justify any aberation by additional information.
If the Upside-Downside ratio is under 3 to 1, and
everything else is favorable, I enter a higher price
as the current price, then hold this completed
Stock Selection Guide in anticipation of a favorable
price change. But of course, if the price drops
significantly I would check out any news before making
my move. Some of this is difficult to do in an
investment club, because of meetings, communication,
and time involved.

I don't think you will go wrong with BEN. Another
financial stock you might want to check out is JEF,
Jefferies group Incorporated. Be aware that Jefferies
is planning to spin off into two separate companies
soon. I own shares of JEF, but the last SSG I did
indicated that it may have become slightly overpriced.
So I did not purchase more shares. Since my purchase on 10-29-97 of JEF, I have seen a (unrealized) gain of 60%.
Print the post Back To Top