Ken Heebner: At Least He's Honest

A few minutes ago on CNBC, Erin Burnett asked her panel of guests if they would consider buying Apple's (AAPL) new iPad tablet computer.  The only panelist who raised their hand was Steve Liesman.  One of the panelists on the show who didn't raise his hand, however, was Ken Heebner, who manages the CGM Focus Fund.  As of its most recent filing, Heebner's fund had a 1.06 mln share position in Apple Computer, representing 6% of his fund's holdings.  Yet he still wouldn't buy an iPad, or at least say he was interested in buying one?  At least he's honest.

Comments

[keith piccirillo]

There are still a lot of old school fund managers who delegate searching for information tasks to their employees and retrieve decision making information through trade journals and hard copies, and then translate it over via a computer geek to construct their model.
One cannot infer he would or would not buy, sell, or hold AAPL stock at current prices for a portfolio.

[keith piccirillo]

Further, AAPL was part of the pairs trade he probably put on, as he had been short RIMM last quarter.