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5-Star Stocks: Beat The Slowdown!

CNBC.com
Thursday, 3 Jul 2008 | 12:12 PM ET

Five-star portfolio manager William Fries says you can make money in this global slowdown -- with the right "approach to value."

Fries is co-portfolio manager of the Thornburg International Value Fund , which is down 14 percent year-to-date -- but up nearly 140 percent over the last five years.

"There are a lot of slowdowns on the periphery of Europe," concedes Fries.

But he told CNBC that there are good Continental buys to be found, by seeking "consistent earners" that fit Thornburg's "approach to value": diversification across three types of stocks.

Recommendations:

Fries likes:

- SAP in Germany

- Telefonica in Spain

- and back in North America, Canadian Natural Resources

International Investing
Looking for bargains overseas, with William Fries, Thornburg Investment Management portfolio manager

Disclosures:

Disclosure information was not immediately available for Fries or for his fund.

Disclaimer

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CNQ
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SAP
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TEF
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THORN INT VAL A
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