Not-Great Expectations

11/30/2012

Royce & Associates’ Jay Kaplan explains why company quality isn’t – but should be – king in small caps, which low-expectation sectors are yielding more than their share of ideas, the characteristics of companies he’ll be likely to own for a long time, and what he thinks the market is missing in Jos. A. Bank, Buckle, Helmerich & Payne and Netgear.


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