STEW - STEW: Warming Up To This Dish (Rating Upgrade)
2024-05-28 00:58:20 ET
Summary
- SRH Total Return Fund is a concentrated equity fund with heavy bets on Berkshire Hathaway and other value-oriented stocks.
- The fund has underperformed mightily in recent months, primarily due to a widening discount to NAV, which is currently at a historically wide 22%.
- This historically wide discount to NAV creates a wide margin of safety for investors. So I am raising STEW to a relative buy.
A while ago, I wrote a cautious article on the SRH Total Return Fund ( STEW ). Although I liked STEW's value-oriented investment process, the fund had significantly underperformed the S&P 500 Index for many years and the underperformance was likely to continue....
STEW: Warming Up To This Dish (Rating Upgrade)