Small Stocks Attract Investors Despite Skepticism
FPA Capital concentrates on undervalued small cap firms with two thirds of assets under $500 million. Portfolio manager Robert Rodriguez notes many holdings trade near levels from five years ago. AIM Constellation and Colonial Small Stock Index Trust argue prices reflect value, though market history shows uneven recovery since 1987.
MENTIONED IN THIS ARTICLE
FPA Capital
Robert Rodriguez
AIM
Gold and silver prices and market figures
Gold prices per troy ounce move across a range from 521.5 to 606.1 while silver quotes show varied figures. Trading activity lists 5,000 troy ounce units with multiple price points and related metrics including 15,000 sales, 10,960 Thursday sales, and an open interest of 86,125.
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New York
Thu
Stocks rise to post crash highs on easing rate hopes
The Dow gains 27.20 to 2517.83 as May payrolls show 101000 jobs, about half expected. NYSE volume climbs to 229.14 million shares with advancers leading 5 to 2. indices across NYSE, NASDAQ, and AMEX rise on hopes of easier Fed credit policy and lower rates.
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Labor Department
Janet Norwood
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Wilshire Associates
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Air Kentucky shuts down quietly in Indiana
Air Kentucky also known as Po int 4 Commuter suspended all operations on Friday and began liquidation due to financial losses. The Indianapolis based carrier, 14 years old in Kentucky and since 1981 in Indianapolis, had near break even in May but losses of up to 500000 dollars a month late last year. A terminated contract with USAir, effective July 15, worsened the outlook after a January sale to GMF Investments of Los Angeles.
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Indianapolis
Air Kentucky
Mickey J. Bowman
Bowman
Kentucky
GMF Investments
Los Angeles
Usair
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