Editor: Anonymous Quote: “A person shows what he is by what he does with what he has.”
Jim ‘Jimmy’ Barrow or 'Rat', the latter a somewhat affectionate albeit cruel moniker he no doubt is not as fond of as were his schoolmates
back in his hometown of
, has done quite well in the
world of finance. If you have some spare bucks laying around, ‘Rat’ Barrow may just be your ‘Go to Man’…. Bishopville, South
An article touting his business acumen was recently published online on the Swing Trading Daily website and reposted here in its entirety for your reading pleasure.
By Landon Brace
|Jim 'Jimmy' Barrow aka 'Rat'|
James Barrow is an industry veteran who currently leads the portfolio management team of the Vanguard Windsor ll and Selected Value Funds. He also founded the Texas-based investment firm Barrow, Hanley, Mewhinney, and Strauss. Even while the S&P 500 (SPY) posted negative returns, Mr. Barrow was able to average an overall return of over 9% during the previous decade. He has a history of being a deep value investor and his recent 5 investments may prove to be worth some consideration.
– At the end of the third quarter of 2011 Mr. Barrow took an increasingly in Janus with a purchase of 1.2 million shares at an average cost of $7.54. This latest purchase follows the pattern of investments since the third quarter of 2010 to bring total holdings of Janus to slightly over 4.1 million shares. At $6.56, $1.20 higher then its yearly low set in early November, Janus has clearly been beaten down by the overall decline in financials. Even after seeing market capitalization sliced in half it has maintained its strong dividend and currently yields 3%. The current P/E of 7 is very attractive when compared with rivals Franklin Resources (), and T Rowe Price Group (). Managementof many of the firm's lagging equity funds, which have been a drain on revenue throughout the last year. Janus’ fixed income funds continue to entice investors and over the long term this company has great potential to pay off. With Janus’ 3% yield I believe most investors won’t have a problem maintaining their patience.