The top five holdings of this retail fund are Hawaiian Holdings, Inc. (HA, 3.54% of assets); MarineMax, Inc. (FL) Common St (HZO, 3.46%); U S Concrete, Inc. (USCR, 3.13%); Shoe Carnival, Inc. (SCVL, 3.09%); and Stein Mart, Inc. (SMRT, 3.06%). And the shares of Goldman have just been initiated with an “overweight” rating by Atlantic Equities. The investment bank walloped earnings estimates, posting EPS of $5.94, considerably higher than the $4.26 forecasted.
Hodges Small Intrinsic Value Retail (HDSVX)
from Moneyletter
We added Hodges Small Intrinsic Value Retail (HDSVX). The fund is now more than a year old, meeting one of our listing criteria.
HDSVX focuses on investing in companies that have a high amount of intrinsic asset value.
(Intrinsic value may be more or less than market value.) ID Editor’s Note: Intrinsic value is based on the actual, or fundamental, value of a company, regardless of the market value of its stock).
The Fund’s benchmark is the Russell 2000 Value Index. The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization.
Walter Frank, Moneyletter, www.moneyletter.com, 800-890-9670, May 2015