2 Buys and 1 Sell From Private Capital Management's Mutual Funds
Ganaxi Small Cap Movers submits:Private Capital Management’s mutual funds have delivered a market-beating, phenomenal 15.5% compound return over the last 24 years since the fund's inception. The company manages $1.6 billion using a value investing philosophy, and with holdings across the capitalization spectrum. Two attractive buys from its portfolio include Motorola Mobility Holdings (MMI) and Nu Skin Enterprise (NUS). Furthermore, a conviction sell from its portfolio is Sprint Nextel Corp. (S).Naples, Florida-based Private Capital Management (PCM), led by CEO and Portfolio Manager Gregg Power, manages $1.6 billion in mutual funds and in separately managed accounts for high net worth individuals and institutional investors. PCM's investment approach is to identify under-valued companies that can attain their perceived intrinsic value over an acceptable time horizon, which in PCM’s case is three to five years, based on the average three year holding period for positions in its portfolio. Its two mutual funds have returned 15.5% compoundComplete Story »
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