Reuters Market Access -
So, Facebook, you have a long-short fund and Facebook is part of your long strategy but this is stock that really just can't get its mojo?
CHRIS BAGGINI, SENIOR PORTFOLIO MANAGER AT TURNER INVESTMENTS :
Yes, its down here to date its one of the reasons why we like it, its down pretty strongly, actually down 8% markets up double digits here to date and as a company that has executed actually pretty well at the last couple quarters in fact the last three quarters they've beaten everyones expectations EBITDA's moving up to the right and its really because of the revenues, the revenues of the mobile business have been growing much faster than expected they've transition from being only a desktop play to being a hybrid with desktop and mobile average highs leading the way. There usage on their website has continued to being very strong its very unique asset
Sysco Systems, lets me ask you about this because this ones has a different story behind it, its got a different chart about it actually, its done pretty well so is there a reason still to get into this stock if you are not already?
CHRIS BAGGINI, SENIOR PORTFOLIO MANAGER AT TURNER INVESTMENTS,
Yeah, so you don't always wanna be buying companies that are down because sometimes they are down for a reasons, you know Facebook we think its a different situation in case with Sysco the company has gone up over 20% year-to-date and its really because of a couple of things. Number one, the company has been able to grow faster than its peers so they are looking at accelerating revenue growth and and accelerating earnings growth additionally they are using that cash from their business and giving it back to share holders