Interview by Gregg Greenberg of TheStreet.com
Shares of Sierra Wireless (SWIR – Get Report) are down almost 60% in the past year, but there is huge growth ahead for this Internet of Things solutions supplier, said Garvin Jabusch, portfolio manager for the Shelton Green Alpha Mutual Fund (NEXTX). ‘They’ve got 35% market share in that 3G and 4G broadband space for wireless modems and we think that with the booming growth of the internet of things that they are ideally situated,’ said Jabusch. ‘Their valuation has come back into line with this pullback.’ The Shelton Green Alpha Mutual Fund is down 4% thus far in 2016, according to fund-tracker Morningstar. The $36.5 million fund has returned an average of 12% annually over the past three years, outpacing 92% of its peers in Morningstar’s mid-cap growth category.
Watch the video interview here: http://www.thestreet.com/video/13512289/grow-your-portfolio-with-these-green-stocks.html
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