Wednesday, December 17, 2008
Heidtke's Picks
Doing our story on Buzz Heitdke's "worst year ever" in performance of his MidSouth fund was a pleasure. And, we enjoyed hearing how he picks some stocks on information gathered by walking around, or by trends he perceives. In addition to buying Healthways after hearing former Sen. Bill Frist's spiel on healthcare's future, Heidtke said he bought Smith & Wesson, thinking gun purchases would rise in a slow economy. Earlier this week, S&W posted a $76 million quarterly loss, due largely to cutbacks in hunting firearms. Yes, other reports indicate that sales have revolvers had, indeed, jumped recently. And so it goes.
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