Small-Cap Markets Consistent in 4th Quarter

Keefe, Timothy E.
January 2006
Investment Management Weekly;1/23/2006, Vol. 19 Issue 3, Special section p2
The article reflects on the small capitalization stocks market in the U.S. during the fourth quarter of 2005. Small capitalization returns were restrained in 2005 by a challenging market environment such high oil and gas prices and rising borrowing costs. Volatility has created opportunities to buy companies with strong cash flows which were trading below their intrinsic value.


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