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Growth portfolio pick Baker Hughes slumped by nearly 10 percent today. The catalyst was lower than expected margins in their fourth quarter and relatively weak guidance for the first quarter. Read More

Just a couple weeks have passed since the publication of our February issue in which we talked about African Platinum’s newly formed partnership with Impala Platinum. Read More

Shares of Fast Track portfolio member Witness Systems (WITS), a leading provider of software and services to call centers, jumped over 20 percent today on news that the company is being acquired by Verint Systems for a cash deal of $27.50/share. The acquisition confirms our investment thesis that we maintain Read More

Defense contractor CACI International (CAI) was down over 14 percent in today’s trading session after the company cut its fiscal 2007 forecast after yesterday’s close. Read More

Shares of Income portfolio member PFE fell more than 10 percent on the news that the company stopped the development of its new cholesterol drug. Torcetrapib, which was intended to be a replacement for Lipitor, increases number of deaths and cardiovascular problems among people taking the drug during clinical trials versus placebo. Read More

Fund Find’s Patterson Companies (PDCO) came through big today with a more than 11 percent gain after reporting second quarter earnings slightly above analyst expectations. Patterson’s veterinary and rehabilitation sectors were the top performers with 13 and 10 percent organic growth respectively. Read More

Shares of Income Portfolio’s Scottish Power plc were up more than 14% today on the news that the company is up for sale. Moreover, the Board of Scottish Power confirmed that it has received an approach to buy the company. The Board did not comment on who has approached the company, and stressed that this may or may not lead to an actual offer being made. Read More

Shares of Fast Track portfolio member, Red Hat (RHAT), were down sharply today, declining by 24% on the news that Oracle is pushing its new “Unbreakable Linux,” a support service for Red Hat Linux. The threat of Oracle stepping into the open source business has been overhanging RHAT shares since summer, and it has now materialized. Read More

Along with a new high for the Dow in today’s trading session, we unfortunately saw one of our short positions gain substantially, as Helen of Troy moved almost 20 percent to the positive. Read More