Sunday, January 01, 2006

Scoffing at Fortune

TMF Selena is scoffing at Fortune's "10 Stocks for the Next Decade" which were picked in 1999. Following are the stocks and their performance since 7/19/00. (Don't know why they picked that starting date when the stocks were picked in 1999.)

Broadcom (BRCM) -80%
Charles Schwab (SCH) -58%
Enron -100%
Genentech (DNA) +157%
Morgan Stanley (MWD) -36%
Nokia (NOK) -67%
Nortel Networks -96%
Oracle -66%
Univision -46%
Viacom -49%
Average -44%
S&P 500 -18%

I'm not really super-bullish on any of these stocks (though I actually own three of them in varying amounts), but I'd bet overall they'll be up five years from now. Well maybe not Enron. Stay tuned.

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