"(l) Dubuque Bank and Trust, represented by Tom Peckosh and/or Sarah Reicks, of P.O. Box 747, Dubuque, IA, 52004-0747, has voting and investment control of these shares."
Investment officer Tom Peckosh says, “It’s all about the four E’s – Energy, Economy, Earnings, and Election.” Energy Oil, coal and natural gas are all higher, with oil topping out at more than $130 per bbl. Economy The fears have moved from recession to inflation, although neither is good news for stocks. Earnings Most are holding up, with the exception of financial and consumer discretionary stocks. Sarah Reicks, investment officer, notes the difficulty in directing investments when the markets are not following any sort of historical precedent. “Normally in an economic slowdown, you purchase utilities and financial service-type stocks. Since the market top on October 11, 2007, those two sectors have returned -0.62% and -38.57%, respectively.” To illustrate the disparity between the strongest performing S&P sector (energy stocks) and the weakest (financial stocks), see the chart to the right. While both sectors exhibited losses in the first quarter, energy companies found legs in the second quarter and financial companies continued their hemorrhaging. Take heart, equity investors. Current valuations are reasonable. Miller notes, “There are trillions of dollars in liquid funds awaiting a home.” Jackson chimes in, “This mountain of cash is a contrary indicator and represents a future source of demand once the stock market starts to turn around.” http://www.htlf.com/UserFiles/File/WMG_Perspective_2nd_Quarter_2008.pdf
You can purchase Peckosh's report for $50 from yahoo or read an interview here with the free trial ~~> fine print from free trial"You can enjoy Goliath Business News absolutely FREE for 7 days. At the completion of the 7-day trial, you will be charged $19.95 per month. You may cancel at any time. If you cancel before the trial period ends, you will not be charged. You may only sign up for this free trial once in a 90-day period. To cancel your membership, go to "My Account" and select "Cancel My Subscription". Complete the cancellation process and your account will not be charged." http://goliath.ecnext.com/coms2/gi_0199-8080052/MONEY-MANAGER-INTERVIEW-MULTI-CAP.html
ah skip it, just own what he owns imo
My posts are my opinions. Always dd to your own comfort level.
Great Find - DUBUQUE BANK & TRUST 6/30/2008 2,721,188 New
Nice to see a huge jump in the number of shares held by institutions.
It would take a lot of time and effort to acquire all those shares. I'm wondering if the presence of PERT beating down the price for an extended period of time was to help this institution acquire shares at a good price. Won't be the first time that type of game has been played.