In his latest Q&A session with Francis Gannon, Chuck Royce discussed his optimism about the future of small-cap stocks, especially those with quality fundamentals, due to their undervalued status, expected stability from normalized rates, and potential for significant outperformance. His key notes include: Stability from normal rates: More typical interest … Read More
Chuck Royce: The Importance Of Staying Invested
In his recent Q&A session with Francis Gannon, Chuck Royce discusses the importance of staying invested. Here’s an excerpt from the session: Royce: The patterns that Frank discussed not only suggest a low probability of poor small-cap performance over periods of three years or longer, but they also indicate that the … Read More
Royce: Finding Opportunities In ‘Fallen Angels’
In their latest podcast titled – Small-Cap Quality, Value, and Fallen Angels, the team at Royce Investment Partners discussed finding opportunities in ‘Fallen Angels’. Here’s an excerpt from the podcast: It has been an interesting environment. There are a host of risks from inflation to recession, but the good news … Read More
Chuck Royce: U.S Small Caps Set To Outperform U.S Large Caps
In the latest Q&A with Chuck Royce and Francis Gannon at Royce, Chuck Royce discusses why U.S small caps are positioned to outperform U.S large caps. Here’s an excerpt from the Q&A: Royce: It’s admittedly a bit of a mixed picture. We’re in an odd position where, for many people in … Read More
Royce: Small Cap Quality Continues To Outperform
In his latest commentary titled – The Boring, But Timely, Case for Quality, Steve Lipper at Royce explains why small cap quality continues to outperform. Here’s an excerpt from the commentary: Encouraging investors to “buy high quality” might seem a tired, and not very useful cliché. It often carries the … Read More
Royce: What To Look For In Dividend-Paying Small Caps
In this interview, Chuck Royce and Miles Lewis from Royce Investment Partners discuss a number of topics including, refining their dividend value approach, what they look for in dividend-paying small caps, and where the current opportunities lie. Here’s an excerpt from the interview: What factors are among the most important … Read More
Royce: Small-Cap Value Cycle To Continue
The latest piece from Royce Investment Partners discusses why the current small-cap value cycle will continue to last. Here’s an excerpt from the article: Among the most common questions we’re hearing from clients currently is, “Will small-cap value’s recent outperformance last?” While developing a response about any future market direction … Read More
Chuck Royce: Deep Value Investing Using Enterprise Value To EBIT As A Valuation Metric
One of the investors we like to follow closely here at The Acquirer’s Multiple is Chuck Royce and his team at The Royce Funds. The Royce Funds recently released their commentary (see video below) on the success that they’re having with their deep value investing strategy using Enterprise Value to EBIT … Read More