Events such as these are when true value investors come into their own.
It's been a long time coming for deep value investors (the better part of a decade), and the thing that has attracted me most to this particular business in over the past 12-18 months is that the people who run it and, who apply the investment process, have remained unapologetically "true-to-label" in the face of years of market conditions that have been quite hostile to their particular investment discipline.
I suspect the business will at some stage in the not-too-distant future make up the under-performance to get back to the high-water mark, after which performance fees will once again be generated.
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PTM Price at posting:
$2.92 Sentiment: Buy Disclosure: Held
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