MCM’s own Director of Portfolio Management, John Meyer, scored a podium finish in the recently completed Cincinnati Business Courier 2018 Stock Picking Contest! John finished in the top 2 of 28 Cincinnati-region investment professionals. The average total rate-of-return of his 5 stock picks was +10.4% in a year when the S&P 500 Index was negative -4.4%. That’s +14.8% total outperformance versus the broader market. John’s top gainer was Veeva Systems Inc. (VEEV), a cloud-based life sciences software company. Veeva gained +58.8% in 2018.
The 2019 CBC Stock Picking contest is already under way and John is going for the win this year.