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

May 23, 2005
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 hens 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.

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