This Legendary Guru Is Focusing On Double-Digit Yielders

If you are hoping to be a savvy stock picker when you're in your 70s, I've got good news for you. Seventy-one-year-old legendary fund manager Leon Cooperman, who I profiled last year, remains on top of his game.
As I noted then, Cooperman was wrapping up a successful year of investment returns in 2012, and I decided to see how his February 2013 investments turned out. Excluding his investments in yield plays Linn Energy (Nasdaq: LINE), Kinder Morgan (NYSE: KMI) and Atlas Pipeline Partners (NYSE: APL), which are in the portfolio for income and not capital appreciation, the rest of his top holdings are handily beating the market.

Cooperman's Hot Hand
Yet recent adjustments in his portfolio suggest Cooperman now views the market in a different context. According to recent filings, Cooperman appears to be eschewing growth stocks and chasing yield -- very high yield. Three of his picks sport dividend yields in excess of 10%. Here's a closer look. (more)

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