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Article: Huge returns from high yields.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Algy Hall
BIG MOVERS: Value investing based on backing top yielding stocks has delivered stomping returns since the market turned - and the strategy looks like it could continue to perform
Not that long ago, the analysis of companies based on their fundamentals was becoming a thankless task. As the economy crashed, past performance began to be a less and less realistic guide to what the future was likely to hold, and analysts' forecast were the subject of rolling downward revisions. Momentum was one of the only ways to play the market. But, as trading has stabilised for many companies and confidence returned, value investment strategies based on ...