Investment Management News

The Investment Management Group designs and implements investment strategies to meet the specific needs of individuals and institutions, whether the need is for current income, capital preservation, or long-term growth. Below is a sampling of recent news articles and television interviews featuring our investment management professionals.

• February 15, 2012 - Jason Lilly, Director of Porfolio Management gives WRKO's "Stock Talk" a few stock picks.
• February 2, 2012 - Read Jason Lilly, Director of Porfolio Management's market commentary Facebook: "An Intriguing Mid-Cap Growth Story, However an Overvalued Mega-Cap"
•  February 2, 2012 - David Smith, Chief Investment Officer appears on Fox25 this morning to shed some light on "Investing in Facebook".
• January 30, 2012 - Rockland Trust Chief Investment Officer David Smith appears on CNBC's Power Lunch, to discuss continued volatility in the stock market. 
• Janauary 11, 2012 - David Smith talks about the "Calm before the market storm"  on CNBC's Worldwide Exchange.
• January 11, 2012 - David Smith speaks on the "U.S. Look Ahead" on CNBC's Worldwide Exchange.

• David Smith's Wednesday, December 28th appearance on NCBC's Closing Bell with Maria Bartiromo and Bill Griffeth  

• TripAdvisor charts new course away from Expedia
  

  Boston Herald
  December 19, 2011
  By Brendan Lynch
  Massachusetts gets a new public company this week, with more than 1,000 employees, as Newton travel website TripAdvisor is spun off from online giant Expedia.

  "Both companies should benefit," said Herman Leung, Internet analyst at Susquehanna Financial Group. While Expedia focuses on its core business, TripAdvisor can bring in ad revenue from competing travel sites….read entire article 

• Zynga's public deal goes bust
  

  Boston Herald
  December 17, 2011
  By Brendan Lynch
  Recent Internet initial public offerings - Pandora, LinkedIn, Groupon - have "popped" for investors in on the IPO, then faltered later on the stock market. But yesterday?s much-hyped entry, online game maker Zynga, skipped the pop, dropping below its $10 IPO price on its first day of trading.
  
  "In Wall Street parlance, this is called a busted deal," said David Smith, chief investment officer at Rockland Trust Investment Management Group. "It didn?t work. It didn?t do a good job stimulating demand."... read entire article

• Experts: Zynga's IPO an offer you should refuse

  
  Boston Herald
  12/03/2011
  Zynga joined the IPO game yesterday with plans to raise $1 billion in a public share sale that valued the business at $9 billion and left some Wall Street watchers scratching their heads about the latest Internet stock offering.
  
  "To me, this is just not sustainable," said David Smith, chief investment officer at Rockland Trust Investment Management Group. "I don't get the valuation. These things feel just like the dot-coms in 2000."
  
  The San Francisco-based company behind Facebook games "Farmville" and "Mafia Wars" said in a regulatory filing that it expects to sell.... read the entire article.

• U.S. Stocks Take a Breather
  

  The Wall Street Journal
  12/01/2011
  U.S. stocks were little changed a day after a blowout rally, as stronger U.S. factory activity outweighed an unexpected rise in jobless claims and weak Chinese manufacturing data.

  The Dow Jones Industrial Average shed 6 points, or 0.1%, to 12039 in early trade, giving back a small portion of the previous session's 490-point surge. The Dow is coming off its biggest one-day gain since March 23, 2009, fueled by a global effort to make it less costly for European banks to borrow U.S. dollars. The Dow added 814 points over the last three sessions...

  "Either they become more closely bonded as a group, or they dissolve the whole thing," said David Smith, chief investment officer at Rockland Trust. "The middle ground they were running in just isn't going to work anymore." read the entire article.