Pat Naccarato Legg Mason Inc. LM-N PAST TOP PICK Apr 07, 2008

Stock has been cut in half in the last 1.5 to 2 years. Asset management that manages $1 trillion. Have an outstanding track record.

(A Top Pick Nov 30/07. Down 43%.) Investment management firm. Value style equity managers got hit but should rebound. They are #3 fixed income managers globally and had short-term performance issues. Valuation is so compelling that you will ultimately do well.