Low interest rates make Superstars; Top-rated public companies in Michigan enjoyed fruits of eased credit terms.(Brief Article)

Crain's Detroit Business, July, 2002 by Merx, Katie

The Michigan Superstar 10 this year is full of companies that benefited from Federal Reserve Board action ... and hamburger sales. Among the top-10 performers in Crain's ranking of the best-performing publicly traded companies in Michigan are six banks, two companies busy handling auto sales, a home-builder and the country's only publicly traded Wendy's Old Fashioned Hamburgers franchisee.

``Overall, it's a group that has benefited from the low-interest-rate environment,'' said Terry McEvoy, a vice president of equity research for New York City-based Fahnestock & Co. Inc. who covers several Michigan banking companies. Each year, Crain's ranks the state's top 50 public companies based on total return during the year, this one ending June 28. The companies...

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