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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, the Serko Limited (NZSE:SKO) share price is up 42% in the last 5 years, clearly besting the market return of around 4.8% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 1.3% in the last year.
Let's take a look at the under...
>>> Read more: Those who invested in Serko (NZSE:SKO) five years ago are up 42%
Let's take a look at the under...
>>> Read more: Those who invested in Serko (NZSE:SKO) five years ago are up 42%
