TSX:MAXR - Post Discussion
Post by
retiredcf on Aug 08, 2022 3:45pm
Penderfund
The last time small cap stocks were this attractive was during the 2008 global financial crisis, says money manager David Barr, who has been snapping up some of his favourite names he considers to be on sale as part of the broader market sell-off.
“This is an excellent time to be investing. There are periods of time where you can find high-quality companies at a very good price – and this is one of them,” says the chief executive and portfolio manager at PenderFund Capital Management Ltd. in Vancouver, which oversees about $2.2-billion in assets. Mr. Barr is responsible for about $500-million of those assets, including the firm’s flagship Pender Small Cap Opportunities Fund.
His firm has spent the past six months buying “high-quality names” for the portfolio, either as new buys or adding more to existing names. The fund’s top holdings today include Par Technology Corp., Spartan Delta Corp., Saturn Oil & Gas Inc., Sylogist Ltd. and Maxar Technologies Inc.
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