Small Companies Offer Attractive Investment Opportunities
2008年6月24日 - 11:25PM
PRニュース・ワイアー (英語)
Monetary Conditions Favor Smaller Firms According To Historical
Data DUNCANVILLE, Texas, June 24 /PRNewswire/ -- Smaller
capitalization firms have historically performed well when monetary
conditions are easing according to a recent study published by
Morningstar Five-Star fund manager Joseph R. Dancy, Adjunct
Professor of Law at Southern Methodist University and manager of
the LSGI Venture Fund L.P. "The small-cap effect -- the tendency
for smaller companies to perform better than larger firms -- is
most pronounced when monetary conditions are accommodative. The
relationship between monetary policy and small cap out- performance
is statistically significant and pervasive across markets and time
periods," said Professor Dancy. Fortune Small Business magazine
recently released a list of the fastest growing 100 small public
companies based on revenue and earnings growth and return to
investors in their July 7, 2008 issue. Many of these firms have
attractive quantitative attributes that may be attractive to
investors looking for capital gains according to Dancy. Dr. Dean
Johnson, Professor of Finance and Director of the Applied Portfolio
Management Program (APMP) at Michigan Technological University's
School of Business and Economics, commented, "The small
capitalization sector is a very inefficient part of the market and
therefore provides opportunities for active managers to generate
excess returns." The Fortune Small Business 100 fastest growing
list includes nine companies that are in the LSGI portfolio,
including Arena Resources (NYSE: ARD), Bolt Technology, Ebix
(NASDAQ:EBIX), GeoResources Inc. (NASDAQ:GEOI), PrimeEnergy, Almost
Family, Balchem (NASDAQ:BCPC), Key Technology(NASDAQ: KTEC) and
Art's Way Manufacturing (NASDAQ:ARTW). The study of historical
market data, small stock performance, monetary conditions, and the
ability of active managers to generate excess returns is available
at the LSGI Advisors Inc. website at http://www.lsgifund.com/ . The
LSGI Venture Fund L.P. is a Morningstar Five-Star rated fund. About
LSGI Advisors: LSGI Advisors Inc. manages the LSGI Venture Fund
L.P., a Texas limited partnership. For more information please
visit: http://lsgifund.com/ Email: For More Information, Contact:
Joe Dancy, LSGI Advisors Inc. 972-780-1805 office 214-263-5201 cell
DATASOURCE: LSGI Advisors Inc. CONTACT: Joe Dancy, LSGI Advisors
Inc., +1-972-780-1805 office, +1-214-263-5201 cell Web site:
http://www.lsgifund.com/
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