Name: Keith Goddard
Title: Co-manager, Capital Advisors Growth Fund
Keith Goddard's Capital Advisors Growth Fund was about 12% in cash before last week. By Tuesday he had used up half of it. On Monday, he bought shares of BlackRock as it fell from $160 to $145. He increased the fund's stake in pharmaceutical maker Abbott Labs, whose shares fell 4%. And yesterday Goddard was putting in trades to purchase Ford stock, which he thinks is worth $20.
Goddard manages about $920 million in the fund as well as separate accounts out of his Tulsa, OK, office, and he's now focused on global companies with strong balance sheets and growing dividends that were clobbered in the past week. "These kinds of stocks should hold up better than average no matter what happens," he says.