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Franklin Resources: An asset management survivor |
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| Oct 23, 2009 07:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  The Franklin Resources (NYSE: BEN) Buy call, issued on July 20, 2009 at a price of $73.88, is panning out, which is why I'm Reiterating my Buy rating for the company' shares. If you bought BEN in July, you're up about 54%.The advice furnished here is to avoid stand-alone money managers as equity plays, but Franklin is an exception. BEN's double-digit asset growth should continue in FY2010 aided by an improved asset mix, and better fund performance across asset classes. BEN's relatively strong balance sheet and declining debt liabilities fleshes-out the positive story. Continue reading Franklin Resources: An asset management survivor Franklin Resources: An asset management survivor originally appeared on BloggingStocks on Fri, 23 Oct 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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