VLUE: U.S. Value Stocks Are Undervalued In 2023
Summary
- VLUE invests in low-priced stocks.
- While it might sound like a truism that low-priced stocks are undervalued, price and value are distinct from each other.
- Nevertheless, I believe VLUE's portfolio is not only cheaply priced, but undervalued, with a strong margin of safety.
- While there is likely to be some kind of rebalancing in early June or shortly thereafter, the fund's portfolio is probably not going to change materially.
- I think VLUE shareholders should do well at present prices.
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