Barry Randall: Cerner is a fleet flooted giant


Cerner (CERN) is the nation’s second-largest company that specializes in working with hospitals and doctors’ offices to convert paper files into computerized medical records. The company recently topped The Kansas City Star’s ranking of the region’s top-performing public companies.

The company is riding the tide of demand coming from new national health care law mandates encouraging the switch to digital health records and “interoperability” of systems between health providers and insurers, according to the paper.

Covestor investment adviser Barry Randall, who was interviewed by the Kansas City paper, said Cerner’s strength is its ability to keep pace with a rapidly expanding industry. “They’re not the lumbering giants; they’re the fast moving giants,” said Randall, a Covestor investment model manager in St. Paul, Minn.

Randall manages the Covestor Crabtree Technology model and was recently honored by Morningstar for his investing performance. The Crabtree Technology model has stakes in both Cerner and NIC (EGOV), another company spotlighted on the Kansas City Star’s ranking.

The investments discussed are held in client accounts as of April 30 , 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.

Author profile

Barry Randall
Barry Randall
Crabtree Asset Management invests in growing technology companies. Barry Randall is the firm's founder and chief investment officer. He has more than 20 years of professional investing experience.

Barry spent five years as a technology stock analyst and 10 more years managing mutual funds that focused on small-cap and technology stocks. He has experience managing mutual funds and separately managed accounts as large as $650 million. Prior to earning his MBA in 1993, he spent six years as a professional computer programmer.

Barry earned a Wall Street Journal 'Category King' award for his co-management of a small cap mutual fund in 2006.

As of December 2016, Morningstar rated the Crabtree Multi-Cap Technology composite, of which the strategy offered at Covestor is a component, as having four stars (out of five) for its overall and trailing 5-year performance.

Barry has been quoted regularly in Forbes, US News & World Report, TheStreet.com and E-Commerce Times. He has appeared on CNBC, Bloomberg TV and Fox Business News.

Crabtree Asset Management LLC was founded in 2008 and is headquartered in Saint Paul, Minnesota.