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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. For example, long term Reece Limited (ASX:REH) shareholders have enjoyed a 68% share price rise over the last half decade, well in excess of the market return of around 13% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 23% in the...
>>> Read more: Reece's (ASX:REH) investors will be pleased with their respectable 80% return over the last five years
>>> Read more: Reece's (ASX:REH) investors will be pleased with their respectable 80% return over the last five years
