Seeking Alpha


I wrote up Pzena Investment Management (PZN) a couple of months ago where I forecasted at least a 47% upside move in the shares. The shares recently hit that target in less than four months as investors realized how undervalued the shares traded. Today, while the low-hanging fruit of that undervaluation has largely been picked, the company is still not being priced for any future growth in AUM.

2013 Results

The company reported full-year 2013 revenues of $95.8 million, up from $76.3 million the year before, for growth of 25.5%. Fourth-quarter revenue of $28.7 million rose 19.6% from $24 million in the sequential quarter and 49% from the year-ago period. Any way you slice it, they...

Only subscribers can access this article, which is part of the PRO research library covering 3,741 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: