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Walter Frank Highlights the Following Issues: Oberweis Emerging Growth, TCW Galileo Aggressive Growth, ValueClick, Ask Jeeves, Yahoo, and eBay

Friday, 29-Aug-2003 3:10AM PDT
    
Story from Zacks.com via BizWire
Copyright 2003 by Business Wire (via ClariNet)

CHICAGO--(BUSINESS WIRE)--Aug. 29, 2003--The correction was unable to derail the rally, and Walter Frank sees better times ahead. Drop your pessimism and get involved with a pair of growth funds. Read about Oberweis Emerging Growth (OTC:OBEGX), TCW Galileo Aggressive Growth Equities' (OTC:TGANX), ValueClick (NASDAQ:VCLK), Ask Jeeves (NASDAQ:ASKJ), Yahoo! (NASDAQ:YHOO) and eBay (NASDAQ:EBAY). Click here

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Behind this positive market, there has been the steady drip, drip, drip of good economic and earnings news. The skeptics have continued to throw cold water on the earnings news, pointing out that cost-cutting and not top-line growth is responsible for the improved earnings reports. True enough. What they fail to add though is that cost-cutting has put corporations in the position that when top-line growth does come, earnings growth will soar for some time.

Wall Street, despite its innate skepticism, is finally dropping its pessimism about earnings and the economy. As it does Walter Frank expects stock prices to move ahead. The economy, and earnings, will lead the market up from here.

With a 45.6% year-to-date gain through August 15, Oberweis Emerging Growth (OTC:OBEGX) is outpacing 98% of the small-cap growth funds tracked by Lipper. Manager Jim Oberweis employs the "Oberweis Octagon" to select stocks for the fund. Oberweis also takes valuation into consideration, looking for price/sales ratios in line with a company's industry average, and a price/earnings that is less than half the expected growth rate. Two big winners in the portfolio this year were among fallen Internet stocks: ValueClick (NASDAQ:VCLK) (up 171%) and Ask Jeeves (NASDAQ:ASKJ) (up 529%).

TCW Galileo Aggressive Growth Equities' (OTC:TGANX) devotion to technology has been both a blessing and a curse. The fund remains overweight in information technology, focusing on areas such as storage, access, and semiconductors. Managers Doug Foreman and Chris Ainley believe the depression in telecommunications is past. Among fallen tech stocks, the managers like Yahoo! (NASDAQ:YHOO) and eBay (NASDAQ:EBAY). Both are top holdings: eBay was number one as of July 31 at 9.5% of assets. The fund also has a hefty commitment to health care.

Read a profile for another mutual fund, along with Walter Frank's complete commentaries, including his "The Return of the Emerging Markets" segment, and his fund scorecard & recommendations list by clicking: http://featuredexpert3bw.zacks.com/

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