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Tweedy Browne: Bargains remain “as scarce as hen’s teeth”

May 23, 2005
insider

Tweedy Browne partners close their funds to new investors because they believe that equity valuations are, for the most part, full in virtually all market segments, and bargains remain “as scarce as hen’s teeth” around the globe. Cash reserves are building in their Funds. As of the end of the first quarter, they have about 20% of their funds in cash.

[www.tweedy.com]

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