Profile: Pat McKeough
Canada's King of Stock Pickers
Pat McKeough has often been called Canada's top
newsletter advisor. And with good reason. McKeough looks at fundamentals
and potential. His is a quality analysis with a low risk philosophy. And
his track record is excellent.
In late 1996, he was one of eight mutual fund managers
and stock advisors selected by The Globe & Mail to pick just
one stock for 1997. While others selected oil and gas stocks or mines or
manufacturing, McKeough got down to basics - he selected Canada Bread.
By the end of 1997 Canada Bread had gained 84%, topping
the list. He beat second place Michael Irwin of the renowned ABC Mutual
Funds by almost double. Irwin's pick, Occidental Petroleum, only gained
48%.
McKeough got his start in the newsletter business in
1974 as editor of The Investment Reporter
where his Benjamin Graham value approach to investing served him in good
stead.
In 1980 and 1981 he won First Prize for Editorial
Excellence in a Financial Advisory Publication from the Newsletter
Publishers Association based in Washington, D.C., the only editor to
date to ever win that honour for two consecutive years.
From 1984 - 1989 the highly respected Hulbert
Financial Digest which rates newsletter writers ranked him third
over all, a feat Forbes
considered remarkable since the Canadian stock market, then as now,
lagged the U.S..
In 1991 Pat predicted the great bull market of the
1990's (while others were pessimistic and even predicting a great
depression.)
And in 1993 he published his book, Riding the
Bull which elaborated on his thesis.
In January 1995 he struck out on his own with the first
issue of The Successful Investor. He has since added three more
publications, Stock Pickers Digest for more aggressive
investors, The Wall Street Forecaster which focuses on American
stocks, and Canadian Wealth Advisor for mutual fund investors.
This article was originally published in 1999.
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