Does Salomon Smith Barney implement a particular investment style?
Mr. Bermont: While we come under Salomon Smith Barney, the name of the entity, as it were, of the Group, is the Bermont Group. Isn’t that clever? Does that grab you? My mother’s very proud of it. The Bermont Group consists of myself, my brother Richard, and an associate by the name of Adam Carlin. Our philosophy of managing money is really a very simple philosophy: What is good for the client is good for us. We try not to time market cycles, we’re not market timers. We use both growth and value disciplines together; we are stock pickers. TWST: Then what will go into the decision to buy a stock? Mr. Bermont: We look for some very specific criteria: above-average and consistent earnings growth; excess cash generation; high returns on equity; and a management history of benefiting shareholders. Additionally we look for significant management ownership of the shares. Tickers included in this excerpt: AMGN, CSCO, CVS, EL, F, GPS, JDSU, JNJ, ONE, ORCL, TYC For more information call (212) 952
