For most value investors, an out-of-favor industry is a bargain bin containing potential hidden gems. This mentality is what sent Bruce Berkowitz
swashbuckling into financials on the tail of the financial crisis, and prompted Donald Yacktman
to buy good “old tech” companies in 2011
when the market considered them a lost cause, for example.
While in recent days the Dow is hitting all-time highs, there are still some sectors that have felt the lift significantly less than others. The industry with the greatest number of stocks at three-year lows is Metals & Mining. (read more about that here). The industry with the third greatest number of stocks near three-year lows is Oil & Gas – Exploration & Production (E&P). Continue Reading »