1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

John Keeley Comments on Walter Investment Management

December 11, 2012 | About:

Another top performing position in the Fund was Walter Investment Management (NYSE:WAC), which rose over 61 percent and added 70 basis points of return to the portfolio over the past year. Although the company is placed in the technology sector, we believe that this mortgage servicer would be more properly represented in the financial sector. The company continues to benefit from trends in the industry favoring smaller players, and management expects to position itself for growth via acquisitions. We continue to favor the company based on the fact that it remains in the growth phase of its business cycle and despite the rise in its stock price, the current valuation remains attractive.

From Keeley Funds’ 2012 annual report.

Rating: 2.7/5 (3 votes)


Please leave your comment:

Select portfolio(s):

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)