FBU - Fletcher Building

[Valuegrowth]

Allan Gray specialises in buying shares of distressed companies / undervalued companies with the intention of holding them for several years before selling at a handsome profit. Very successful at it too.

Dear Moka
Last year I read few books on contrarian value investors. They have outperformed others buying stocks when they have temporary issues and in out of favour. I don't see any turnaround for businesses untill 2026.Cost of doing business is going to stay high in the short run. As growth stocks have extended their value I see great opportunities in value stocks. I have kept this on my radar.