GordonGekko's picture
Thomas T. Soviero - Brutal Cash Machine !


I didn't put into my previous post this fund ! Why ? Because this guy deserves his own category !!! Meet Thomas Soviero - Brutal Cash Machine !


Thomas T. Soviero Funds- 5 Year Return Annually
Lead Manager since 01-Jul-03


Fidelity Leveraged Company Stock     FLVCX        34.15%
Fidelity Advisor Leveraged Co Stk I     FLVIX         33.34%
Fidelity Advisor Leveraged Co Stk A    FLSAX       32.96%
Fidelity Advisor Leveraged Co Stk T    FLSTX        32.58%
Fidelity Advisor Leveraged Co Stk B    FLCBX        32.04%
Fidelity Advisor Leveraged Co Stk C    FLSCX        32.00%


Tom Soviero's strategy revolves around buying what he considers attractively valued stocks that issue high-yield debt or otherwise have leveraged capital structures.Soviero looks for companies that have a catalyst for improvement, such as a management change, a new product, or a pricing change, and keeps the fund fairly concentrated in his favorite names.

http://personal.fidelity.com/products/funds/mfl_frame.shtml?316389873



Thomas T. Soviero: Pick 'em When They're Down


I found some links where he explains the rationale behind his investing.

Interview
http://www.womenswallstreet.com/stocks_news/ibd/ibd.aspx?aid=55
http://www.investmentadvisor.com/article.php?article=5926

Video
http://moneycentral.msn.com/video/tickervideo.aspx?symbol=ATML 


PS:His other funds are:

Fidelity Advisor High Income Advantage Fund   FAHDX, which invests in junk bonds.

Fidelity Convertible Securities                         FCVSX,which invests in convertible securities.
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316145200
Fidelity Leveraged Company Stock                  FLVCX,which invests in stocks that have leveraged  
                                                                  capital structures 
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316389873