FPA Capital Fund, Inc. Q1 2018 Commentary

About: Babcock & Wilcox Enterprises, Inc. (BW), AAN, ALGT, TEN, FPPTX, Includes: ARRS, CFFN, CUB, WDC
by: Fund Letters

Includes detailed analysis of FPA Capital Fund's positions in BW, AAN, ALGT, TEN.

For the fiscal year ending and quarter ending on March 31, 2018, the fund was down by -4.05% and -2.65%, respectively.

In many cases, our companies’ earnings have grown, but because their share prices have not kept up with earnings, their multiples have compressed.