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Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses is one path to excess returns. For example, long term Auckland International Airport Limited (NZSE:AIA) shareholders have enjoyed a 21% share price rise over the last half decade, well in excess of the market return of around 2.4% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 7.3% in the last year , inclu...
>>> Read more: Despite the downward trend in earnings at Auckland International Airport (NZSE:AIA) the stock increases 6.0%, bringing five-year gains to 25%
>>> Read more: Despite the downward trend in earnings at Auckland International Airport (NZSE:AIA) the stock increases 6.0%, bringing five-year gains to 25%
