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Finding Wealth In Health

Cadie Thompson
Tuesday, 8 Jul 2008 | 5:10 PM ET

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, 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.

Beating the Bear
How to make money while we look for the market bottom, with Connor Browne, of Thornburg Investment Management, and William Muggia, of Westfield Capital Management

"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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