|
Providing a full range of fee based wealth management services. |
|
|
|
ABL Media Recognition
For over 25 years, Alan B. Lancz & Associates, Inc. continues to be a nationally recognized authority on issues that impact investors. To view past interviews & articles, click on any of the tabs below. Click on an article title to view the full article or video clip.
As a former shareholder, Mr. Lancz provides some commentary on Heinz after their earnings release in this MarketWatch article written by Andria Cheng.
Steve Gelsi quotes Mr. Lancz on his thoughts about the Marathon Oil offer to buy Western Oil Sands.
Bargains Everywhere - The Lancz Letter (August 16, 2006) as quoted in Barron's - August 21, 2006The time investors spend on determining bull or bear can [be] better [spent by] capturing the moves in the right areas. A bear market in one sector, region -or even country - can have little to do with another sector, region or country. Smart investors go where the bargains are, rather than spending time on superfluous information like if the U.S. is in a bull or bear market. Another common irrelevant question is concerning what the market is going to do today or tomorrow. The other example illustrating the difficulties with trying to time the market is simply the cost of such an all or nothing approach. Once an investor decides to get out of the market at a particular level, if the market goes up these investors have great difficulty in getting back in. If the expert determined that 10,000 was an overpriced level and sells the market yet stocks rise to 11,000 and then 12,000, not only is the move missed - but how can he/she get in at 12,000 after determining it was overvalued at 10,000?
The Lancz Letter (March 25, 2003) as quoted in Barron's - March 31, 2003We would limit any new fixed-income investments to either select high-yield positions, or inflation-protected bonds (TIPS). TIPS currently have a very low breakeven inflation rate versus Treasuries, meaning that inflation need only to outperform conventional Treasuries. Ten-year TIPS, need only 1.52% average annual inflation, which is likely considering inflation has averaged 3.06% since 1926. High-yield bonds also offer superior risk-to-reward here compared to treasuries, but like equities, the key here will be in appropriate selection to avoid high risk.
The Lancz Letter (February 26, 2003) as quoted in Barron's - March 03, 2003The first eight weeks of 2003 continued the three-year trend of rewarding those investors who look outside the box and avoid following the consensus. Our strategy going into the new year was to upgrade the quality of our portfolio by accumulating those high-quality leaders that are now trading at historically low valuations. We did the same thing three years ago by focusing on Procter & Gamble, 3M and Johnson & Johnson at a time when most other investors were mesmerized with technology and telecom. At that time, these quality leaders were hitting new lows very similar to what our current favorites of Honeywell International, Kimberly Clark and this week's new recommendation, Kraft Foods, are presently experiencing. The other part of our strategy into 2003 included buying select, smaller-cap speculative issues that we felt offered tremendous upside due to Wall Street's huge overreaction to negative news.
The Lancz Letter (Sept. 5, 2002) as quoted in Barron's - September 23, 2002We didn't expect a recovery from last year's tragic events so quickly late in 2001, and our feelings are the same for the balance of 2002. It would be great to finish with an up year in equities but doing so would only rob Peter to pay Paul. All investors have to do is look at the most popular 20 stocks held by Merrill Lynch clients to see that Johnson & Johnson is down only 11.6% and ExxonMobil 14.5% and that the rest of the list is decimated with losses of over 20%, 30%, 40%, 50%, 60%, 70%, 80% and 90% and we are just talking about 2002 performance. This market has given investors opportunities to take advantage of this year, but one has to be very disciplined and nimble.
The Lancz Letter (April 2, 2002) as quoted in Barron's - April 08, 2002We feel that the market will still be a matter of the haves and the have-nots. The real companies with solid balance sheets and cash flow will find [enthusiastic] buyers, while the companies at the opposite end of the spectrum will continue to struggle. We note that this thought is becoming the consensus and that is why stocks like Johnson & Johnson continue to hit new highs while the battered tech/telecoms have yet to see the light at the end of the tunnel. In becoming the consensus, we feel the potential looking forward will be in the companies that have declined due to guilt by association, and we have started taking advantage of this.
The Lancz Letter (May 15, 2001) as quoted in Barron's - May 28, 2001Just as the Internet was the catalyst that started the mania for technology stocks, California's energy woes seem to be the catalyst for stocks like Calpine. Calpine is seemingly on everyone's favorites list despite the fact that the stock has already soared from around $3 a share a little over two years ago to unprecedented levels of nearly $60 a share today. We are not saying it will plunge anytime soon, but at some point investors will realize that current growth rates cannot continue and at that time the stock will be very susceptible to a nasty fall. California's problems will eventually be resolved. In fact, within two years California will be a net exporter of energy.
The Lancz Letter (Aug. 10, 2000) as quoted in Barron's - August 21, 2000The dollar has done well in comparison to the euro and yen, with further gains expected over the shorter term. We expect the euro to strengthen into next year, and the yen to stabilize with higher rates coming to Japan. The trend of interest rates will be modestly lower until the Fed meets later this month. If the Fed raises, we do not expect further increases with the coming election. Two weeks ago, the Nasdaq was rallying while the Dow Jones Industrial Average was being pressured lower, and now the indexes are doing exactly the opposite. This fickle market does not know which way to go and seems to be maintaining a trading range with no decisive long-term moves in either direction. The volatility allows for some good buying opportunities on those extreme days on the downside, but remember to take at least partial profits when investors are euphoric. Eighteen months ago, oil was $13 a barrel with the experts expecting a move to $10 or below. Now, with oil prices up substantially, these same experts have recently increased their forecasts to up to $50 a barrel! The momentum is higher over the shorter term, but any sustainability over $30-$35 a barrel is suspect, in our opinion. Such a level will create more output by OPEC, thus making $50 unfeasible. Don't believe the pundits that just recently jumped on the energy bandwagon.
The Lancz Letter (Sep. 30, 1999) as quoted in Barron's - October 11, 1999Back in 1990, the Persian Gulf War was a much-anticipated "negative" event in which everyone realized the exact date the war began (and with stock prices at depressed bargain levels), stocks began to skyrocket upward, much to everyone's amazement. Currently, the stock market is down because of a combination of interest rate concerns in conjunction with Y2K worries. We feel once investors come to realize that Y2K concerns are overblown (particularly in the U.S.), then the pent-up demand for stocks will emerge with a buying flurry.
 |
On October 12, 2007 Mr. Lancz focuses in on why profit taking is so critical to long term performance and why investors should not simply watch investments go up and then back down without being proactive in this nationally televised Bloomberg interview. |
 |
LanczGlobal insights are featured in this 30 minute interview conducted by Pimm Fox on September 14, 2007. |
 | |
 |
Mr. Lancz was interviewed and his commentary was quoted in the Bloomberg online article "Blockbuster, Netflix Duel for Customers; Short Sellers Profit", published by Michael Patterson on May 21st, 2007. |
|
Mr. Lancz was a featured advisor on "The Bloomberg Countdown" radio program May 9th, 2007. |
 |
On January 11, 2008 Lancz visits the N.Y.S.E. to discuss his recent profit taking in the emerging markets and the U.S. technology sector as both have moved to overvalued levels. |
 |
On August 31st, 2007, Lancz gains national attention with the firm's low expectation bargains. Mr. Lancz updates some past recommendations as well as reiterates his avoidance of financials with "another shoe or two to drop" into the 3rd & 4th quarter. |
 |
On June 29, with the first half of the year winding down, Alan B. Lancz was asked to counter the strong bullish opinions of another expert guest. Mr. Lancz warns about upcoming volatility, record bank loans and high levels of debt, and concludes with "there is going to be some downside". |
 |
On Friday, June 8th, Alan B. Lancz was asked to follow-up on his profit taking discussions from last week. |
 |
Alan B. Lancz visited the N.Y.S.E. to discuss Strategic Profit Taking recommendations with Mark Haines and Erin Burnett as the markets hit new highs on June 1st, 2007. |
 |
ABL is still selectively buying, but plans to start to sell into strength this summer. |
CNN Money senior writer Alexandra Twin's article "Stocks surge, Dow hits record" published on May 23rd, 2007, quotes Mr. Lancz's latest thoughts.
Mr. Lancz was interviewed and his commentary was quoted in the CNN Money article "Sell in May and walk away? Not so fast", published by senior writer Alexandra Twin on April 30th, 2007.
Alan B. Lancz says in the short-term we may be going higher because of liquidity, but as interest rates go up, fixed income could become a viable option.
Alan B. Lancz says his cash positions have increased to over 25% mainly from selling some of the things that have done well. He sees the market as ...
This is a reprint of an interview conducted by FORBES back in January 2003. A good deal of our clients had just come off their first down year with us and despite having outperformed the averages we were not satisfied....
 |
Headline local news WTOL of Toledo interviews Alan B. Lancz to give general advice to local investors worried about recent market volatility.
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 | World's Best Money Managers - December 31, 2001
Alan B. Lancz & Associates, Inc., has been rated one of the World's Best Money Managers by Nelson Investment Management Network, as of 12/31/01 in the category of U.S. Balanced/Multi-Asset (All Styles) for 5 & 10 year returns. This complements the shorter term performance recognition we received as far back as 1991 from Nelson on both a 1 and 3 year basis.
|
|
|
| |
|
