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Current DateTime: 01:53:34 25 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jul.08
5:10 PM ET
Tuesday, 8 Jul 2008
Finding Wealth In Health
Posted By:Cadie Thompson

Look to health care stocks to find stable earners and diamonds in the rough while the market bottoms, said Connor Browne of Thornburg Value Fund.

Although Browne said his fund believes in a balanced portfolio with consistent earners, Browne said the market's volatility makes it a prime time to stock up on early growth stocks.

Recommendations:

Browne’s stable health-care play is Gilead Sciences [GILD  Loading...      ()   ], a drug company that provides antivirals for HIV/AIDS patients.

For a more risky move, Browne recommends buying stock in the health club industry, specifically Life Time Fitness [LTM  Loading...      ()   ].

"Quite simply, we think Life Time has built a better mousetrap. Their clubs are very high quality, their focus on service shows, because of their size and scale, they are able to offer very high level services at a pretty reasonable family membership, of around something like $100 a month, and without any commitment," Browne explains.

Disclosures:

Disclosure information was not immediately available for Connor Browne or his fund.

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© 2009 CNBC.com

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