“We look for fallen angels that should
be rising, or for great companies whose
quoted share or bond price is at a
substantial discount to what it ought to
be. The underlying business should be as
strong as in the past.”
Michael J. Moore
Fallen Angels Value Fund
In the definition of Gabriel Wisdom and Mike Moore, managers of the Fallen Angels Value Fund, a fallen angel is not a distressed company or a turnaround story. It is a highquality company, temporarily on sale due to market inefficiencies. The crucial element
of that strategy is getting the quality for the right price.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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