Aaron Task welcomed Noah Blackstein, the lead portfolio manager for the
Dynamic Power American Growth Fund
and frequent guest on "CNBC's" other outlets, onto Jim Cramer's
"RealMoney" radio show Wednesday.
Task, co-executive editor of
, who is filling in for Cramer this week, asked Blackstein for his take on
, one of his biggest holdings.
"Starbucks is probably a stock that I should have owned for a longer period of time," responded Blackstein.
Blackstein said that for a while he was worried that Starbucks' growth had tapped out, but as time progresses, he said there seems more international growth.
The company is also working on other areas at the store level, such as bringing in hot food and participating in music sales, which add incrementally to same-store sales, Blackstein said.
Starbucks is well known by consumers and retail investors, but Blackstein said he's not sure it's heavily owned institutionally right now.
"There is quite a bit of growth ahead of them," he said, adding that he hopes the company can make the most of it.
Task asked Blackstein about the backdating scandal involving more than 50 companies and inquired if any of his stocks had been hit.
Blackstein said that he did not own any positions in companies that have been caught in the issue but added that it's difficult to discern what's going on at this point. On one hand while some companies are denying problems, on the other, there are investigations going on, he said.
When asked if he is worried about any of his stocks getting hit, Blackstein said that he has gone through his portfolio and it doesn't look like there's a pattern in anything he owns that illustrates that kind of abuse right now.
Task brought up
, Blackstein's top holding and asked what he likes about the company.
Google's main revenue is generated from advertising, Blackstein said, adding that the online advertising market has a long way to go in terms of growth.
"Google is one of the main beneficiaries of online advertising, and they continue to innovate," he said.
When asked about the company miscommunication problems, Blackstein said he's heard the same thing about
"I guess people want to know, but I would prefer they do stay quiet and not give a heads up to competitors as to what they're doing," Blackstein said.
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Aaron L. Task is the co-executive editor of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships.
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