I rarely get fired up about things, but I was compelled to e-mail you about your columnist, Malcolm Berko. (“This sweet stock could be bad for your book,” March 29.)
I find it irresponsible to present this type of column in a publication without presenting the track record of advice given in the column. I am also appalled at some of the shoddy analysis provided in the column. Tyco was recently recommended while in the $50s (our firm was on record with clients as having major concerns about the stock), and the most recent column bashes Hershey Foods for “only” presenting a projected annual return of 11 percent.
Given the fact that long-term market returns are right at that level and that we have just experienced a three-year period where the S&P 500’s return was actually negative, I am sure that most of your readers would welcome a measly 11 percent return.
I believe that your readers, at a minimum, deserve better disclosure. Ideally, they deserve a better columnist.
TEAM Financial Managers