Royce Tech under Water
Message ID: 111100
Posted By: stats_for_all
Posted On: 2004-03-16 13:39:00
Subject: Royce Tech under Water
Recs: 29
I note from the Royce Technology Value Fund prospectus that their holdings in SCOX increased from 105 K to 430 K after June 30, 2003. As of 2/29/04, this fund still held the 430 K shares. This does not include the 1,600 K shares held on 12/31 as a Royce and Associates Institutional holdings.
At least 325 K of the Royce Tech fund shares were purchased after June, and are now showing a loss. The overweight that Royce has in SCO is dragging this fund performance down.
Jonathan Cohen, the analyst that touted SCO in August 2003 is the investment advisor to Royce. He may begin to dump these underperforming shares, which will increase the float and downward pressure on this stock.
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Posted By: stats_for_all
Posted On: 2004-03-16 13:39:00
Subject: Royce Tech under Water
Recs: 29
I note from the Royce Technology Value Fund prospectus that their holdings in SCOX increased from 105 K to 430 K after June 30, 2003. As of 2/29/04, this fund still held the 430 K shares. This does not include the 1,600 K shares held on 12/31 as a Royce and Associates Institutional holdings.
At least 325 K of the Royce Tech fund shares were purchased after June, and are now showing a loss. The overweight that Royce has in SCO is dragging this fund performance down.
Jonathan Cohen, the analyst that touted SCO in August 2003 is the investment advisor to Royce. He may begin to dump these underperforming shares, which will increase the float and downward pressure on this stock.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
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