February 29, 2016

Inside This Issue


What Goes Around …

Danny Bubis, Tetrem Capital Management

Danny Bubis, Ben Ellis, Jay Hedstrom and Amar Pandya of Tetrem Capital Management describe why their portfolio has gone upscale, what beaten-down sectors still give them pause, how they’ve refined their selling process to avoid common value-investor mistakes, and why they see unrecognized value in Corning, Union Pacific, Magna and Nielsen Holdings.

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Going East

Adam Schwartz, Sean Huang, Victor Liang, FM First Hong Kong Fund

Sean Huang, Victor Liang and Adam Schwartz of the FM First Hong Kong Fund explain how they’ve translated a traditional U.S. value-investing strategy to China, their guilty-until-proven innocent approach to research, how they prepare for volatility, and why they see mispriced value in Chongqing Rural Commercial Bank, Momo, BAIC Motor and Baoye.

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Uncovering Value: FMC

Making the case for one of the nicer houses in a changing energy-related neighborhood.
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Uncovering Value: CUBI

There are plenty of inexpensive bank stocks out there, but few with a profile like this one.
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Editors’ Letter

Buffett on adaptation; The spring in our collective step.
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Who's Behind VII?

John Heins, Co-Founder, Editor-in-Chief
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John Heins co-founded Value Investor Media, Inc. in 2004 and since then has served as its President and as the Editor-in-Chief of Value Investor Insight. In 2016 he took on an additional role as a Professor of Value Investing at the University of Alabama and is now the Director of the university's C.T. and Kelley Fitzpatrick Center for Value Investing.