Don Wordell, the Managing Director of Ceredex's $3.2 billion Mid-Cap Value Equity strategy portfolio, sat down and gave Benzinga his outlook on the markets and a few of his picks out there right now.
Wordell's fund is long only and takes a bottom up focus, looking at attractive stocks that fit the fund's criteria and works to build a successful portfolio from there.
The focus of the strategy is traditional value investing, with analysts spending 80 percent of their time digging into the fundamentals behind a business. This could range from calling suppliers and buyers to attending analyst days and roadshows to find that key piece of data to seal the deal.
To make the cut, stocks must meet three characteristics:
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- Stocks must pay a strong dividend;
- Most importantly, the fundamentals must be strong.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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