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Small companies moving to big league |
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By Saghir Aslam, IFN Financial Columnist
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Tuesday, 12 January 2010 |
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Page 1 of 2 Check out how these bear-clawed companies regain large-cap status.
Don't call them small fries anymore.
Thanks to the big run-up since the March bear market low, some of the companies that had seen their market values shrink below $1billion – qualifying them as small-capitalization stocks – now are back among the nation's elite companies as big caps valued at $3 billion or more.
When you invest in good companies and have patience, you will reap big rewards in sha Allah. How these companies were destroyed but came back up like gang busters is a living example and the result of good planning and patience.
The fact these companies have dusted off part of the recession's soot is comfort for investors who hope the market's rebound to 14-month highs will last. It is important small-cap companies outperform; otherwise, it's hard for me to believe it's the start of a new bull market. Companies regaining big-cap status have:
Proved themselves in the downturn. After the rally in battered bank stocks, Fifth Third Bancorp posted the biggest small-to-large cap shift.
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Last Updated ( Monday, 25 January 2010 )
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