Market caps on the upswing again for NE Ohio companies.(Special Report)

Crain's Cleveland Business, May, 2004 by Dodosh, Mark

Byline: MARK DODOSH We don't recommend the following technique for selecting investments. However, if last year at this time you had laid a copy of our public companies list on your desk and then picked a stock to invest in by closing your eyes and pointing to a name on the list, odds are in your favor that the local stock you chose outperformed the broader market.

Unlike the previous 12 months when it was hard to avoid a loser among local stocks, the 12 months that ended April 30, 2004, saw the market values of nearly all publicly traded companies in Northeast Ohio improve. Indeed, an impressive 46 of the 62 public companies on the Crain's list recorded gains in market capitalization that beat the 20.8% rise in the Standard & Poor's 500 Index. With the...

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