By Pete Gallo
Okay, former Massachusetts Governor Mitt Romney is no longer
a contender for the White House. But if it's any consolation to
his Republican supporters, Mitt's financial legacy seems to
have secured a safe place in history. Bain Capital, the
multibillion-dollar investment group he co-founded in Boston in
the 1980s, has perhaps never been better. It's no exaggeration
to say that Bain Capital's picks for its core hedge fund
portfolio have really leapt to life of late.
A stunning performer has been Innophos Holdings, a stock
that hit $35 in mid-June, up $25 per share since the start of
Why the surge? It might be because other investors had
trouble classifying the Cranbury, N.J., company, which produces
an array of chemical additives used in everything from
commercial fertilizers to fizzy soft drinks.