FPA Queens Road Small Cap Value Fund Fourth Quarter 2023 Commentary [Seeking Alpha]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Seeking Alpha
The Fund's cash allocation at December 31, 2023 is 9.5%, near the 10% upper limit of our cash policy. Dear Fellow Shareholders, The FPA Queens Road Small Cap Value Fund (“Fund”) returned 13.09% in the fourth-quarter of 2023 vs. 15.26% for the Russell 2000 Value Index (“Index”). For 2023, the Fund returned 16.00% vs. 14.65% for the R2V. From the Index's 52 week low on October 27 to its 52 week high on December 27, markets rallied, and small caps rallied aggressively, in sympathy with falling rates. Over those two months, the Index returned 26.79% while the Fund returned 20.47%, a 76% upside capture. Stock prices of unprofitable technology companies, heavily-shorted stocks, SPACs (Special Purpose Acquisition Companies), and financially weak companies increased significantly. Despite the junkiness of the rally, a cross section of our technology, consumer, and financial holdings fared particularly well. This performance was in line with our expectations. As a result of our dilige
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News
- Fabrinet to Announce Third Quarter Fiscal Year 2024 Financial Results on May 6, 2024Business Wire
- Phononic Launches Wholly Owned Subsidiary in Thailand as APAC Headquarters [Yahoo! Finance]Yahoo! Finance
- The total return for Fabrinet (NYSE:FN) investors has risen faster than earnings growth over the last five years [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have a "neutral" rating on the stock.MarketBeat
- Full Glass Wine Co. Secures $14 Million Funding; Acquires Leading DTC Wine Subscription Brand, Bright Cellars [Yahoo! Finance]Yahoo! Finance
FN
Earnings
- 2/5/24 - Beat
FN
Sec Filings
- 3/13/24 - Form 4
- 3/11/24 - Form 4
- 3/7/24 - Form 144
- FN's page on the SEC website