999845_999856 BLACK P2BW088017-0-W02300-1------XA

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P/E 2010 5009.3% S&P CEO21.9% While Year 44.3% One Growth Profit 5-Yr. P/E 2010 5000.3% S&P CEO29.1% While Year 72.5% One —rcJ Savitz J. —Eric / NYSE / Nasdaq —nrwBary . —Andrew ’09 ’09 22.7 14.5 (Thou) ’10 ’10 $73 $123 12.0% 53.0% $200 $180 100 150 150 120 60 50 90 0 odpout company. hold-products in growing. giant N Why: ‘99 since CEO Benckiser, Reckitt Bart J Why: ‘95 since CEO Systems, Cisco John ugssBctshnsaeago bet. History good earnings. a in are jump hints 10% Becht’s a suggests and year, this 5% revenue another in predicting rise been has Becht Still, a expiration. through Suboxone, patent gone from recently revenue that’s the drug of heroin-dependency 80% key to up pharma of the loss in a is division: now right challenge to big foods The to pharmaceuticals. products toiletry and household from everything needs. consumer of grasp savvy a and innovation for repu- tation a earned has Becht way, the Along year. last billion) (US$2.07 billion £1.4 to 1999 in pounds British million 200 from up shot have Earnings increases. dividend and profit-margin of year year after to company the led has CEO who the He’s is. Becht who know obscure. but anything are brands its cream, acne and fresheners Air to and From years. many world—for the around here—and up cleaning been has the company but U.S., the in profile high epu ihChambers. with up keep in aspirations his out carry help computing. to fields their in tapped best Chambers the stock), voting VMware’s of (EMC 98% software controls virtualization for EMC VMware chips, and for storage Intel for with forces Joining cor- centers. from data business porate more winning at aimed servers computer its partners. of one Packard, Hewlett at aim taking servers, terprise-computer en- of line first Cisco’s troducing in- by world computing business the rocked Chambers year, past this And conferencing. video and boxes set-top cable Wi-Fi, sumer umn. col- “growth” the in firmly pany com- the keep to businesses re- lated of bunch a into branched then gear, networking in champ puted undis- the into Cisco built first he Coke, Diet of consumer ual eh srnigamn-rce abe ekt makes Reckitt Gamble; & mini-Procter a running is Becht certainly shareholders Reckitt h atesbte epeae ohsl fte oeto hope they if hustle to prepared be better partners The propietary of line own its unveiled Cisco year, this Earlier con- on bets big made has He eoe unradhabit- and runner devoted A still. sit doesn’t Chambers ohn t E,Br eh,hsa has Becht, Bart CEO, its nor Benckiser Reckitt either usErp’ ethouse- best Europe’s Runs idn e ast epa keep to ways new Finding Becht Chambers BARRON'S —M.V. ’08 0 nulzdTtlReturn Total Annualized nulzdTtlReturn Total Annualized 8 RB CSCO —ioJ Racanelli J. —Vito & 500-0.5% S&P CEO22.5% While Year 46.0% One -r rftGrowth Profit 5-Yr. P/E 2010 5008.0% S&P CEO18.6% While Year 61.1% One Growth Profit 5-Yr. P/E 2010 / UK / Nasdaq ’09 ’09 16.3 18.3 ’10 ’10 £36 $26 19.8% 10.0% £40 $35 20 25 30 35 25 15 5 a eread. we way ers. J Why: ‘94 since CEO Amazon.com, Jeff O Why: ’06 since CEO Chase, JPMorgan Jamie togrta twswe earrived. he even when bank was his it made than and stronger rivals Street Wall from grabbed share Mutual, market Washington and Stearns Bear of remains years.” seven to five was: every crisis happens financial that a something what “It’s about an- query his daughter’s relating his Congress, to to swer line now-famous his in clear was then-peers. its of ance outpaced far have shares JPMorgan and CEO, be- came Dimon day the office who the CEO held same the by run now is banks four those of None morse. re- diner’s had immediately and Lynch, Merrill swallowed America of Bank shareholder. largest its Sam, Uncle to answers Citigroup Fargo. Wells another, to stress under sold gone, Wachovia—is U.S. banks. largest five the of one Chase, JPMorgan of title CEO the sumed as- Dimon Jamie markets, the ueto sure is Bezos publishing. book tury 21st-cen- in game-changer the is e-reader Kindle Amazon’s ers. comput- of power the through themselves—again, books changing the physically in of is process he now and books, we buy way the change to com- puters used He CEO. and founder its of biography own zon.com’s computers.” by revolutionized be optr.Bzsmyb uertie,bth’ looeof one visionaries. also computer he’s best but very retailer, the huge a be may own Bezos their computers. owning chief justify for to harder everywhere it officers makes bookselling, technology that with costs; did out it stripping as is Just Amazon user. the from off-site is power that services—computing cloud of provider already leading is the Amazon departments. technology com- their way run the panies change to expertise computer core company’s reader. e-book popular truly first the remains Kindle the but iPad, upcoming Jobs’ Steve from io crdsm an falftm:H bobdthe absorbed He lifetime: a of gains some scored Dimon That all. it though perspective his keep to managed Dimon one— others, four the Of htsnec sfo Ama- from is sentence That o otn ors nhslues eo slvrgn his leveraging is Bezos laurels, his on rest to content Not eetdi ntigta can that anything in terested in- been always has Bezos eff ie o h cnm and economy the for times flush in 2006, 1, Jan. n hl iisep,Dmndeliv- Dimon sleeps, Citi While i idei ertn the rewriting is Kindle His Bezos aesifcompetition stiff face Dimon h perform- the ’08 —akVeverka —Mark 0 nulzdTtlReturn Total Annualized nulzdTtlReturn Total Annualized AMZN 8 JPM -r rftGrowth Profit 5-Yr. P/E 2010 5004.3% S&P CEO41.7% While Year 85.9% One -r rftGrowth Profit 5-Yr. P/E 2010 500-0.2% S&P CEO4.8% While Year 75.1% One —ihe Santoli —Michael / NYSE / Nasdaq ’09 ac 9 2010 29, March ’09 44.8 14.4 ’10 $134 ’10 $44 26.0% -16.0% $150 120 $60 30 90 60 40 20 0 ac 9 2010 29, March ..Current D.C. ihntemaigo h a a,icue ngosin- gross in included law, not, tax is the that income of realize only meaning to “The is the MLP bite] income. within tax of the gross avoid portion [to as substantial hope classified a isn’t on and paid distributions interest tax-exempt, The hikes. is tax popularity impending munis the in of gain result a could as partnerships, limited master and he potential.” what offer growth but “monster dividends sunsets. calls small-cap no it to pay before investments that his companies winnings limit biotech their to plans on he advan- rate says take Mauldin 15% to seek the investors market of as year, stock tage this the later believes off sell Dallas, will in Advisors Wave nium tax-deferred accounts. into retirement holdings may investors their REIT shift many that Trusts says Investment Estate Real of tion Associa- National the for hard. spokesman hit A be could dividends, and in- come rental both distribute which trusts, stocks growth dividends. dividend juicy no to with is with stocks relative and of potatoes, allure yields, the small 8.8 diminish isn’t of to 58.6%, increase likely total or The income points, paying to reform. unearned percentage start health-care on allowed fund will surtax help are well-heeled Medicare to 3.8% cuts the additional 2013, tax an in administration’s wealthy, Then, aforementioned Bush expire. the the for 15% as from year stocks—but next bonds. 20% In for municipal it. money tax-free of less for mean less perhaps, could is least more, that generally at govern- case, there make a at this anything, when who earn texts, taxes couples who economic ment and the individuals to on According year as $250,000. imposes a bill it $200,000 the stock that least in the gains taxes defined on capital higher “rich,” and significantly drag of dividends a view on become in well especially market, could income sonal yJmMcTague Jim Portfoliosby for Palliative No Law Health-Care a-datgdivsmns uha uiia bonds municipal as such investments, Tax-advantaged Millen- of president Mauldin, John investment real-estate in Investors to jump will levies dividend and capital-gains The iste ih o want. not some, might for poli- they insurance taxes cies buy to raise others will forcing while bill Ameri- all The of pay cans. take-home the effec- cut he tively week, THE last bill SIGNED reform health-care OBAMA PRESIDENT WHEN hsrdcini ipsbeper- disposable in reduction This a hikes. tax coming of result a as popularity in gain could ships partner- limited master and bonds municipal as such investments Tax-advantaged BARRON'S si esfreut netr o ogtm ocome. to time long a for investors the good equity as about for be right could gets am years it If few I as years. next and the 20 market effect, to long-term the law’s 10 about next right the is Kelly in the of dramatically a size deficit as the it federal increase view will that me, that including tapeworm bill, thinks money-sucking reform health-care he the realities.. of taxes, new ics the higher to for adapt retail As for in will rally. sitting fuel investors is potential powerful trillion funds, a market, $9.5 money-market that the institutional notes re-enter and few—gradually Kelly and says. a misgivings market- he quite their range. post-traumatic are abandon 6% a will there from to assuming syndrome—and 5% suffering years, the crash still to five in- unemployment next Investors annually, in the 10% drop rates. return in gradual rally tax will dividends, higher stock-market stocks cluding from that continued impact predicts a negative Kelly any that offset says could high, Funds, 2008 store. its gan in below be could well March gains remains in more group bottomed potentially and the market gone and the But have since 2009. extensive stocks up straight health-care more almost the much Moreover, is damaging. market care passage. 25% after rallied months in sector six The introduced the law. in became Social were they government’s the programs until time Congress Medicare the the and establishing from Medicaid 1965 amendments Care in Health Security Bespoke lower Poor’s to drifted & According Standard sector law. the new Group, the Investment under winners big muti ae,btol ae,we h reduced-basis the excluded when later, sold.” the is “Accordingly, only interest e-mail. but partnership taxed, an income is in gross amount wrote in partner- the he includable in basis” ship, is [tax] partner’s the that reduce to portion operates the over tion tax-effective says. the Willens instruments,” below taxable “perhaps on yield instruments, these who on veteran firm. Street tax-advisory Wall York a New a Willens, runs Robert says come,” -al [email protected] e-mail: health-care that suggests History h ogtr fet fOaaaeaeukon Crit- unknown. are Obamacare of effects long-term The JPMor- for strategist market chief the Kelly, David health- the in meddling government around, time This sfrMP,“h xeso h muto h distribu- the of amount the of excess “the MLPs, for As yields depress could munis for demand widespread Yet, tcscudbe could stocks n

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03/29/2010 BLACK P2BW088017-0-W02300-1------

EE,EU,MW,NL,SW,WE P2BW088017-0-W02300-1------XA