LIPPER AWARDS: Lord Abbett likes Yelp, Zillow, solar stocks
Friday, March 21, 2014 - 04:35
Mar 21 - Tom O'Halloran, manager of the Lord Abbett Developing Growth Fund looks for companies that are game-changers in their industries and which can grow into multi-billion names.
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Well strategies. At the end we'll let our awards here in midtown Manhattan joining me is or -- this portfolio manager -- and tolerance and your award winner. We imagine those small cap funds gradually and thank you. You've been running a winner actually in terms of these Lipper awards what's your secret what's the secret sauce when you look at his all -- Well I think we're really good fundamental analysis identifying beat rate secular growth. This fall camp and stadiums that are going to be much bigger in the future. So in this development growth fund we watched -- exit -- when it was some two million dollar company today it's twenty million. Like green mountain coffee when it was billion dollar company today it's about twenty million and Netflix. We're very that I believe in identifying. Companies that are truly disruptive and that little become much bigger companies that. So that's what you're looking for is somebody -- games changing their interest yes exactly. And we we think that most of the innovation. In American. Six big areas. So did his nation which is the Internet and its many variations. Some big growth area and US mass consumerism continues to football team better and better consumer products and solutions. Emerging nations are emulating the US's third. Modern medicine. Genomic revolution. Great Biotech companies. Starting up now that will be buried in the future. And thankfully we believe that technologies -- -- it found a Renaissance in American manufacturing. And lastly we think North America is joining energy revival because of this jail because of renewable sources like solar. And a lot of opportunities she's not let's start in the digital space -- is -- small gains and investors and lots more that are here. Right now you're the only thing winning zillow is transforming the real estate. We think the ultimate software concurrent technologies are going to. As the biggest paychecks in GDP in the future. And everything else is going to be its. Many situation. Capitalizing on e-commerce post it software on the mobility. Social networks and we. Good evening as development which is operating in improving -- These technologies. Manufacturing facility play that's news small manufacturing companies technology companies. We play and through our small. Technology companies like 3-D printers. Although we've sold all of our position that there -- Sox really and I have been on fire yeah. Very overextended and values that we sold out of them. We think -- fiber optic laser is a name like I think people tenants in his -- an area. And we're very excited about robots and so I robot is in the position in the strategy today. In I don't know what you've had the opportunity to leave here. Apartment career home. Great job on your living room. Now I standing out right now look at this awards dinner -- supposedly you can get anywhere because of my room and tell me up your mother and your favorite stocks. We think that we'd like solar energy we think let me stop you there that's an interesting investment area and now. Yes very up and down we had big leads in solar in 0607. -- largely stayed out of the area between and we didn't in 2000. What happened was the American companies lower the cost of producing a lot of electricity. For seven dollars to one dollar. Mean it was a game changer because now solar is approaching. Fossil fuel generated great parity. Solar is only zero point 4% and energy usage so when her -- this guy is. For solar so we'd like sunflower. Lights on innocent in that area so those are a couple of like a lot. Stop crying and running again I see you again thank you today. I'm Rhonda schaffler. This is right.
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