In an article published on Feb. 13 of this year, PatientValueInvestor recommended Eaton Vance (NYSE:EV) to investors prepared to take the long view. At the time, the share price of this financial stock was near the $28 mark.
As it turned out, investors who took his advice did not need much patience. Following a better than 7.5% jump on Nov. 9 and 10, the two days after the American elections, the stock closed at $38.15, an increase of about 36% in less than nine months. Still, as this 20-year chart shows, the company has some distance to go before it gets back to the lofty prices it enjoyed in 2007: Continue Reading »