Consequently, we continue to focus on upgrading business models in the portfolio, while avoiding companies with deteriorating fundamental outlooks. We believe that the economy is going through a healthy, albeit painful, cycle. Further, much of the excessive over-valuation that was so prevalent in the stock market over the last few years is in the process of being purged. We are enthusiastically pursuing these opportunities as they arise and we believe strongly that we will be well positioned when the cycle inevitably turns up. The markets' fear today represents our opportunity for tomorrow.
Past performance is no guarantee of future results.
All material is compiled from sources deemed to be reliable but accuracy and completeness cannot be guaranteed. The data presented is taken from publicly available information and is based on advisor's best efforts to present factual information. Given the inherent volatility of the securities markets, it should not be assumed that future investors will experience returns, if any, comparable to those discussed herein. Small company investing involves greater opportunity for growth, but may also involve greater risks, including more limited earnings histories and product lines, and greater price volatility. Investment return and principal value of an investment will fluctuate, so that an investors' shares, when redeemed, may be worth more or less than their original cost.