Are Today’s Low Quality Stocks Tomorrow’s Treasures?
Stephen Castellano submits:
Part of our work at Ascendere Associates LLC entails generating a model long/short portfolio strategy that keys in on factors like operating momentum, earnings growth and relative value. These ideas taken together and updated monthly generally and over time seem to work well. In another context, we use the model portfolio to generate ideas for more in-depth research coverage. Our strategy is based in part on a 1997 Harvard Business Review case study on Numeric Investors L.P., McKinsey & Company’s approach to valuation, other sources and our own insights. Numeric’s approach was probably cutting edge at the time but is now considered quaint by today’s standards, though we find such a general approach very useful.
Investing, Long Term Investment, stock market | admin February 22, 2010
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