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wanger

Essay specific features

 

Issue:

Business

 

Written by:

Beatrice L

 

Date added:

October 11, 2014

 

Level:

 

Grade:

B

 

No of pages / words:

6 / 1414

 

Was viewed:

3838 times

 

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Essay content:

During that time period Acorn yielded a 16.3% annualized return significantly above the S&P500 Index during the same span. One of Wangers most impressive success stories is when he purchased the stock of International Game Technology, a leading producer of slot machines for $1 a share in 1988, just after new management had taken over, and later sold the stock in 1993 when the price hit $40 per share...
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He points to general economic, social and technological trends as being the main drivers for corporate sales and profits. His success has stemmed from observing these trends and pointing out which of these trends would be the longest lasting. In general, Wanger attempted to focus on trends that he felt would last at least 4-5 years...
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