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No. of Recommendations: 2
Disclaimer: I am long T. Rowe Price, and it constitutes a not insignificant portion of my portfolio.

Hello all,

I would like to bring up a subject it seems no one here wants to talk about, T. Rowe Price. It seems that the managers of this portfolio are doing their best to forget that it is included in this portfolio. Given this indifference to the company, perhaps we should consider whether the company should be held here at all.

Going back to when this was the Cash King portfolio, we can easily see how T. Rowe entered. It's position as a Cash King is, I think, unasaillable, and I must salute whomever decided it belonged to that portfolio. The days of the Cash King portfolio are, however, past, and this is now the Rule Maker Portfolio. Despite its wonderful financial characteristics and business model, T. Rowe is clearly not a Rule Maker -- they areperhaps the third or fourth most dominant player in their industry (at best).

My request then? Drop T. Rowe. It's a wonderful company (IMHO -- I own quite a bit myself), but not fit for this portfolio. Let the managers of the Rule Maker Portfolio put their energies into Rule Makers, and not feel obligated to hold T. Rowe.

And, moreover, maybe this will stop all the whining about the market performance of T. Rowe over the last couple of years -- a performance which has badly lagged the fundamental performance of the company.

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