Friday, May 11, 2012

Colin Guheen IPE '02: WSJ Top Stock Picker

The Wall Street Journal recently published a special "Best on the Street" section that identified the most successful financial specialists in different investment sectors.

Colin Guheen (IPE '02) was named the outstanding performer in the Retail: Food & Drug sector.

According to the article:

In particular, Mr. Guheen said he stuck out his neck with a buy rating on upscale Whole Foods Market Inc.
"People said these products were so expensive that people would give them up," says Mr. Guheen, who has spent the past nine years as a stock analyst at Cowen & Co., a unit of Cowen Group Inc.
The Austin, Texas-based grocer is "truly progressive" for starting a dialogue encouraging people to become "better stewards of the planet," Mr. Guheen says. "It's nice to cover companies like Whole Foods that are striving to be bigger than themselves."
Whole Foods rewarded Mr. Guheen and those who followed his yearlong buy rating with a 38% return last year.
Mr. Guheen says the grocer's success so far may be only the tip of the iceberg. He says there is "tremendous headroom" for growth in consumer awareness about products that promote healthy lifestyles and sustain the Earth's natural resources. "Only about one-third of the U.S. population is currently tuned in," he says.

The article notes that
A 32-year-old graduate of the University of Puget Sound in Tacoma, Wash., Mr. Guheen says he has devoted his career to studying the food chain from "farm to fork" in the U.S. and China.
Congratulations to Colin on his success!

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