The headlines are telling investors they should be selling emerging market stocks. I take the variant view. Of course, there is no reason to swim against the tide; that is, until valuations get compelling enough.
Are we there yet for emerging market stocks? I'm not sure, but I am going through my checklist of attractive foreign businesses to the market will sell any of them at a huge discount to my estimate of value.
One name that comes to mind of late is First Pacific (OTCPK:FPAFY), a Filipino holding company with investments in numerous defensive industries. Since I wrote about this holding company in July, the shares have performed poorly. Not for lack of good business performance,...
Only subscribers can access this article, which is part of the PRO research library covering 3,587 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: