Large Caps, Larger Potential

Putnam Investors Fund's Richard Cervone is hunting for bargains among the Street's heavyweights, particularly financial-services stocks

"Think of stocks as a partial ownership in a business," advises Richard Cervone, managing director and portfolio manager of the Putnam Investors Fund (PINVX ). That's a key to the strategy he recommends -- and practices in running the fund. He seeks out undervalued large-cap companies with managements dedicated to serving shareholders and outperforming the Standard & Poor's 500 index (the fund was 2.5% ahead over the last year).

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