The China & India model, managed by Joseph Agresti, is focused on Chinese and Indian securities that are traded on U.S. exchanges. Agresti uses fundamental analysis and a momentum-based approach to choose positions for the model. The model generally has between three and ten positions and uses commodities to hedge against inflation. Last week, Agresti added Longwei Petroleum Investment Holding Ltd (AMEX: LPH) to the model. On December 7th, Morningstar.com listed LPH’s 52-week range as $1.80-$3.95. The company’s net revenue has been growing, rising from $144 million in 2008 to $197 million in 2009, then to $343 million in 2010. Stockholder equity also rose from $89 million in 2008 to $115 million in 2009, to $178 million in 2010.
David Fried manages the High Yielding Buybacks model with the goal of creating an income-producing model filled with companies that have bought back their own shares. He uses fundamental analysis to help choose positions to add to the model and sells positions when those fundamentals have changed. Last week he added Bristol-Myers Squibb Co (NYSE: BMY) to the model. In May, BMY’s board of directors authorized the buyback of $3 billion in shares of common stock. This decision came after outstanding shares had already been reduced from 2 billion in 2008 to 1.7 billion in 2009. BMY’s net revenues grew from $19.3 billion in 2007 to $20.6 billion in 2008, but dropped to $18.8 billion in 2009. Net revenues for the first three quarters of 2010 have totaled $14.4 billion.
