Walter in HK. regarding Weitz Oct. interview and "is it possible nobody noticed?". No, it's not possible. Assuming you are talking about Weitz Value, Weitz Partners, or Weitz Hickory, then of course you realize that the publicly reported holdings are in companies where Weitz can bring some specific analytical and business acumen to the value analysis. That is, most of these companies in my opinion-- CYCL, TDS, VCI, ICII, DTLN, VCELA, et. al. - are not your standard issue value companies. Buying these companies IMO, requires or required either faith in Weitz or some heavy duty business knowledge. Since October, all of these Weitz companies increased in price (except DTLN). But my opinion is that back in October, either people were selling as the market hit new lows, staying put to see what was developing, or buying other companies that were much easier to understand. Many regular posters here I'd guess would have subjected the Weitz stocks to a cursory screen, and gone on. That's what I did anyway.
A further comment is that you've classified Weitz as "a WEB type fund manager". If he is, then value investors might not be looking for the same stocks Weitz is.
Paul Senior |
