Turning bad news into good returns.(Brief Article)

Legg Mason Funds' Michael Ray looks to profit from the market slide

Michael Ray isn't afraid of the current market. The vice president and head trader for Legg Mason Funds Management uses an investment strategy that seeks to make the best out of what most people would consider a bad situation.

                                                  Est. 5.-Yr. Company                       P/E on Projected    Annual EPS Exchange: Symbol   Price(*)    2001 Earnings       Growth  Ford Motor Co.     $24.28         19.20%            6.3% NYSE: F  Kroger Co.          25.47         16.6(**)          15.6 NYSE: KR  J.P. Morgan    Chase & Co.      44.51 …