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So much for the virtues of diversified investment strategy.
Reltec Corp. was the stock of choice among all three lead players after the first two months of the Crain's/McDonald Investments Stock Challenge. Since the contest began Sept. 14, the stock of the telecommunications equipment maker has soared 81% -- a rise that has turned average portfolios into bullish performers.
Indeed, nine of the top 10 players during the first two months of the Stock Challenge included Reltec in their imaginary stock portfolios.
"This just vindicates what we've been saying for months -- that our stock is underpriced," said Scott Fine, vice president of finance at Reltec.
The precipitous rise in Reltec's stock price was good news for Erin Geiser, a 21-year-old junior at the University of Toledo. Her portfolio is up 49.9% since Sept. 14, which makes her the leader among 1,872 participants in the race for the $20,000 zero coupon that will be awarded to the winner, compliments of McDonald Investments, a...