The “Trend is Your Friend”

Intelligence:CNNMoney carries today its interview with the only fund manager to beat the S&P in 2008. The Forester Value Fund earned .4% last year in contrast to the 38.5% decline of the S&P. Fund Manager Tom Forester likes Valero Energy, Newmont Mining, and Symantec among others. As with all mutual funds past performance is not necessarily a guarantee of future results, yet his mention of Symantec is interesting.

Analysis: The rise of cyber security is one of the fastest growing segments of the IT industry. The rise of mobile devices and the volume of electronic transactions has forced many companies to upgrade their security networks. Symantec got me thinking about Websense. As chess master Bruce Pandolfini says if you find a good move look for a better one. This from their 3Q earnings “”We posted another solid quarter in Q3 as we continue to exceed our original expectations for earnings and cash flow accretion due to the SurfControl acquisition. We have yet to see a significant negative impact on our business from the recent economic turbulence.”

Takeway: Websense (WBSN) trades at 16.26. I think it will reach 22 in six months. (7/6/2009)