Invests in small- and medium-sized companies to achieve long-term capital growth. May invest in larger companies with strong growth potential. Now — the numbers.
This is an established company with proven profits.
No real growth (-1% a year).
The market pays 15× for every dollar of annual profit — around what a business like this usually costs.
No analyst target is on record for this company.
The stock trades below its recent peak — about 13% off the top. A pullback, not a collapse.
The net profit margin is 18% — the profit kept from each dollar of revenue is the company’s cushion in hard quarters.
It pays out $2.96 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 1% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.