Volkswagen, Sumitomo Ready to Ride Higher
What is your top "sleeper" or "under the radar" stock?
Deakins: I would say our top under the radar stock is another of our top holdings, Sumitomo Corp. Sumitomo is a Japanese conglomerate known as a trading company. I like its general diversification and exposure to many parts of the global economy. Investors obtain this exposure at a very attractive price.
What areas of the market are you presently avoiding?
Deakins: European utilities are still a little too up in the air with the political system in Europe still in flux. Also at some point it is going to be great to get involved in Spain, but I think it is still too early.Finally, what is your outlook for 2013? Deakins: In 2013, I think we will continue with the global recovery. --Written by Gregg Greenberg in New York.
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