Q: I see that TVK is a front runner, if not your #1 small cap recommendation right now. I agree with the thesis but unfortunately was hungup on waiting for a pullback. Its now even more expensive vs historical valuations. Do the valuation lower it a few notches in your order of what you'd buy today versus like an ADX or HPS which have come down a bit, or do you find the valuation reasonable? Thx
5i Research Answer:
We have for 40 years had more success buying 'expensive' stocks rather than buying stocks on the decline or looking for 'cheap' stocks. We like HPS.A and have comments on DRX from yesterday. We would rank it first today for buying.