We only buy an undervalued stock if we see what we believe to be a catalyst, such as restructuring or redeployment of assets, that will unlock the hidden value of the company. In both growth and value investing, our principal concern is owning good businesses. We view the managements of the companies whose stocks we buy as partners in managing our clients' assets. Good managements will do the best job of solving problems and capitalizing on opportunities for growth regardless of the economic climate. Past performance may not be indicative of future investment results.
Any investment involves potential risk, including potential loss of capital.
All rights reserved.