Bruce Kaser has more than 25 years of value investing experience in managing institutional portfolios, mutual funds, and private client accounts. He has led two successful investment platform turnarounds, co-founded an investment management firm, and was principal of a $3 billion (AUM) employee-owned investment management company, New Generation Research. Prior, Mr. Kaser led the event-driven small/midcap strategy for Ironwood Investment Management and was senior portfolio manager with RBC Global Asset Management where he co-managed the $1 billion value/core equity platform for over a decade. He earned his MBA degree, in finance and international business, from the University of Chicago and did his undergraduate studies in finance, with honors from Miami University (Ohio). Mr. Kaser is now chief analyst of Cabot Undervalued Stocks Advisor.
Allison Transmission Holdings (ALSN) is a mid-cap manufacturer of vehicle transmissions. Many investors view this company as a low-margin producer of car and light truck transmissions that is destined for obscurity in an electric vehicle world. But that’s misguided for a key reason, counsels Bruce Kaser, editor of Cabot Value Investor.
Antici…pation. That seems to be where the stock market is right now. Not a lot is happening, but soon a lot will happen. Tech earnings are just around the corner, which should help reveal whether the Magnificent Seven mega-cap tech stocks are worth their current prices. Meanwhile, I like Gates Industrial Corp. (GTES), writes Bruce Kaser, editor of Cabot Value Investor.
We are generally not the biggest fans of private equity. Our biggest concern is that, while earlier private equity and venture capital funds were remarkably successful in identifying and capturing highly profitable investments, more recent vintages have mostly produced large profits for the fund managers. Meanwhile, take a look at a tech-sector value play: Cisco Systems (CSCO), writes Bruce Kaser, editor of Cabot Value Investor.
The attention of most investors, commentators, and analysts has been on the winners, notably the Magnificent Seven, driving this year’s stock market rally. But of course, there are 493 other stocks in the S&P 500 and hundreds of other large-cap and mid-cap stocks not in this famous index. One potential turnaround play I like is Wolverine World Wide (WWW), writes Bruce Kaser, editor of Cabot Turnaround Letter.