Value stocks underperformed growth stocks during the decade-plus bull market that ended in March. Warren Koontz, head of value equity at Jennison Associates, focuses on selecting stocks of “quality” companies with attractive dividend yields that are priced below his team’s estimates of intrinsic value. Free cash flow is the cash left over after a company pays for operating expenses and capital expenditures. Read More...
Value stocks underperformed growth stocks during the decade-plus bull market that ended in March. Warren Koontz, head of value equity at Jennison Associates, focuses on selecting stocks of “quality” companies with attractive dividend yields that are priced below his team’s estimates of intrinsic value. Free cash flow is the cash left over after a company pays for operating expenses and capital expenditures.
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