Why Sport-Haley Is a Better Value Than It Seems
Saj Karsan submits:
Value investors tend to invest along with other value investors: Investors looking for stocks with particular characteristics will tend to find the same stocks attractive. Furthermore, when value investors are significant shareholders in certain stocks, other value investors may find these investment opportunities particularly attractive, in the knowledge that their interests may be aligned with those of other shareholders.
With that in mind, consider Sport-Haley (SPOR), a designer and distributor of fashion golf apparel. Revenues for such high-end items have taken a nosedive as a result of the recession, but Sport-Haley’s stock price may have overreacted to the downside.
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