Saturday, October 30, 2010

Investor Profile: Leon Loewenstine - Houston Business Journal:

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Leon Loewenstine, of , sees stocks gaininb more than 10 percent over the next 12 to18 That's not bad after the 10 percent run they'v e had over the past thre e months. "But in the short term, I expecr increased volatility," he said. Interest rates will be the main cause ofthe gyrations. As rates move the stock market has to ButLoewenstine doesn't expect a major jump in He expects 10-year Treasury yields in the 5.25 percentf to 5.5 percent range at year-end. They'rre about 5.1 percent now. "Ij don't look for a big change unless theeconomy reaccelerates," he said.
And that's not he said, given the housing market's high gas prices and consumers' heavy debt loads. Loewenstine favord international stocks, thanks to the strongf climate in Chinaand Europe. Domestically, he's stil a fan of energy stocks. That runs the gamuft from services stocks suchas (HAL) to big oil companies such as and exploration firm Media stocks make up another focus area for Locally based (SSP) is one of his top choices in that "The cable programming and the valuee are attractive to us," Loewenstine said. "It's wortg a lot more than Wall Streegt is giving itcredit (GE) is another good value, Loewenstine said.
It has a 3 percentg dividend yield while trading at 16timees earnings. Loewenstine joined RiverPoint as a partnerrin 2002. He previously spentf 17 years with .

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