A value investor fund start selling Spindex
Spindex industries, the darling of value investor reported good results recently and raised its dividend. Yet, a value investor fund SC fundamental run by Peter Collery just sold some of its holdings in Spindex. Is this a sign that it expects poorer results from Spindex in next fiscal year, especially when automobile downcycle has started in China and will soon start in US once FED raises rates.
Entry filed under: Watch your step.