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Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying under-rated businesses is one path to excess returns. To wit, the Fisher & Paykel Healthcare share price has climbed 65% in five years, easily topping the market return of 5.3% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 21% in the last year , including dividends .
Now it's worth havi...
>>> Read more: Fisher & Paykel Healthcare's (NZSE:FPH) investors will be pleased with their respectable 79% return over the last five years
Now it's worth havi...
>>> Read more: Fisher & Paykel Healthcare's (NZSE:FPH) investors will be pleased with their respectable 79% return over the last five years
