Anton Schutz’ Top Picks
Source: http://ceoblogger.wordpress.com/2008/10/07/anton-schutz-top-picks/Posted on Tuesday, October 7th, 2008 | In Stocks to Watch
Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -
Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”
His first pick is holding company TFS Financial
“TFS buys back a tremendous amount of its own stock,” Schutz said. “Its got excess capital…so its open for business, lending money…and taking advantage of the disruption out there.”
Schutz also likes Lazard
“There’s going to be a lot of corporate restructuring, as well as more work in financial M&A, so I think Lazard is poised to benefit here without risking its balance sheet.”
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