Oak Small, Mid-Cap Fund Jumps 48% This Year

NEW YORK (TheStreet) -- Mark Oelschlager, manager of the Pin Oak Aggressive Stock Fund(POGSX Quote), says technology stocks are the most attractive investments as economic growth returns, and consumer staples are among the worst.

The fund has soared 48% this year, about three times the rate of the S&P 500 Index, and an annual average of 2.4% over three years.

Welcome to TheStreet.com's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks in five fast and furious questions.

Are you bullish or bearish?

Oelschlager: While there are some troubling political trends, and the recent spike in general bullishness is always a danger sign for the short run, we are relatively bullish. Corporate profits have held up remarkably well through the economic downturn, and with the significant cuts companies have made, prospects for profit growth look good as GDP expansion resumes.

What is your top stock pick?

Oelschlager: Garmin(GRMN Quote) is attractive here. It's a leader in the personal-navigation device market, which has seen growth slow during the recession -- and the stock reflects that. Looking past this weakness, you have a company that consistently generates high returns on capital, trading at a low valuation, in a business with secular growth. And the Street hates it, which is good.

What is your best sleeper stock?

Oelschlager: Keep an eye on Ticketmaster(TKTM Quote). Earlier this year management agreed to sell the company at too low a price to Live Nation(LYV Quote). The stock is trading basically in line with the takeout terms, so if the deal goes through, you break even from here, depending on what Live Nation's stock does. But if the deal isn't approved, which is a real possibility, you own shares in the gorilla of the ticket-selling business when it's trading at four times free cash flow.