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So glad I bailed out of BEONX. Apparently, these chumps haven’t learned their lesson.

Another significant drag on performance was Tyco International Ltd. (2.15% of assets), which suffered a steep decline in the aftermath of Enron. In our opinion, the steep drop was unwarranted given the company’s track record and recent SEC review that found no major issues. We believe Tyco has and will continue to successfully address these accounting and liquidity issues and therefore retained the stock in the portfolio.
– Berger Growth Fund commentary 3/31/02

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