Top Picks by Super Investor Wilbur Ross

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Graham and Dodd-educated super investor Wilbur Ross did very well in 2010, squeezing value out of a fund that is highly concentrated in only a few stocks. Investment Underground took a look at some of Ross’ (nicknamed “the Albatross”) notable recent buys and large holdings:

Hanesbrands (HBI): Hanes, the popular apparel producer, was a new Ross buy in the final quarter of 2010. Although it only accounts for about 0.46% of his total portfolio, it is one of the top 15 holdings in his highly concentrated fund. Hanes is a leading brand in mass apparel, but is somewhat dependant on large retailers like Wal-Mart (WMT). It is one of the mainstays of the apparel industry, and as long as people keep wearing clothes, we cannot see any huge declines in revenue. One factor to consider with HBI is the price of cotton, and the related trade negotiations with countries

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By SeekingAlpha.com