Dow Jones Newswires
Red Oak Technology Fund is featured in the October 8, 2010 Tip Sheet by Jeanette Borzo.
Excerpt:
"Many investors think of growth stocks when putting money in the technology sector. Mark Oelschlager, who runs the $60 million Red Oak Technology Select Fund (ROGSX), takes a different approach, focusing on whether a stock is cheap or overpriced.
Oelschlager looks at a host of valuation metrics when making his decisions. Lately, he's been focusing on price to free cash flow, which measures a company's financial health. The lower the ratio, the cheaper the stock."
Funds that emphasize investments in technology generally will experience greater price volatility.
Free cash flow is the cash from operations minus capital expenditures.