Heartland CEO: Record Market Highs Haven’t Dried the River of Value

Heartland Advisors Value Investing CEO and Portfolio Manager Will Nasgovitz

In conversation with financial columnist Chuck Jaffe, Heartland CEO and Portfolio Manager Will Nasgovitz noted Energy and Commodities as areas increasingly on Heartland’s watchlists for potential investment. He noted Energy Services and Transportation-related companies as standout areas that appear to be “turning the corner.” 
Nasgovitz also stressed the importance of financial soundness—one of Heartland’s 10 Principles of Value Investing™. He said it is particularly important during times like the present “long cycle” of expansion. 
When asked about high valuations, Nasgovitz noted Heartland’s approach focuses on individual security analysis:
“There’s not one area of the market, Chuck, that really jumps out to me that screams as overvalued, if you will. People point the finger at Consumer Staples or Utilities, but the reality is there’s pockets of opportunities in those sectors, too. So, we’re going to be looking for ideas that are hitting the majority of our 10 Principles regardless of the sector they’re in. There’s always a bull market somewhere, in my opinion.”

Neither Heartland Funds, nor ALPS Distributors, Inc., control the website hosting this article, its content, or its privacy practices.

Email Sign Up

  • I am a financial professional or institutional investor
  • I am an individual investor

©2018 Heartland Advisors | 789 N. Water Street, Suite 500, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

Past performance does not guarantee future results.

As of 1/24/2018, American Express Company and Major Drilling Group International Inc. represented 2.26% and 0.99% of the Mid Cap Value Fund’s adjusted new assets, respectively. Both were unowned in the Select Value Fund and the International Value Fund.

Portfolio holdings are subject to change without notice. Current and future portfolio holdings are subject to risk.

The Heartland Funds are distributed by ALPS Distributors, Inc.

The above individual is a registered representative of ALPS Distributors, Inc.