FTCS - FTCS: Grossly Profitable Companies Yet Short On Value Not A Buy
2023-03-27 05:09:51 ET
Summary
- FTCS is a solid quality-centered fund I attempt to cover at least on a quarterly basis.
- Since my December 2022 article, the fund has declined by about 5.6%, partly proving that my assessment of the valuation risks was correct.
- The article provides an overview of the portfolio changes, paying due attention to the factor exposure, namely size, value, quality, and growth.
- It is explained why upgrading FTCS to a Buy would be inconsistent with my market outlook.
For further details see:
FTCS: Grossly Profitable Companies, Yet Short On Value, Not A Buy