Plucking Opportunity from Panic

Paul Rissman of Alliance Growth & Income Fund likes to buy stocks that are being dumped but still have strong fundamentals

Paul Rissman, lead manager of Alliance Growth & Income (CABDX ), looks for stocks that are under pressure, adding them to the portfolio if he thinks the low price is due more to panic than to deteriorating fundamentals. Rissman has recently bought several high-profile companies, including Tyco International (TYC ) and JP Morgan Chase (JPM ), that are suffering from bad news.

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