A small position in Aggreko (LSE:AGK) detracted from returns as the company struggled with greater competition and weakness in oil and gas markets and mining markets. Although current business is challenging, futures orders look encouraging.
From Yacktman Focused Fund (Trades, Portfolio)s' third quarter 2016 commentary.
The views expressed represent the opinions of Yacktman Asset Management LP as of September 30, 2016, are not intended as a forecast or guarantee of future results, and are subject to change without notice.
