Thursday, June 29, 2023, 2:40 pm - 3:10 pm EDT
The Imperfect Art of Avoiding Value Traps
Value, deep value, and contrarian investors all face the risk of the big, bad, value trap. Is a stock in a cyclical funk or is it facing a structural headwind? When does a cyclical downturn morph into a systemic issue? And is the business fundamentally flawed or is it underappreciated by the market? Join Philip MacKellar as he discusses Contra the Heard's investment philosophy, how he tries to avoid value traps, and how he navigates these questions as he reviews his watch list and portfolio.